IRM Energy Limited has informed the Exchange regarding Change in Auditors of the company.
IRMENERGY · price
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IRM Energy Limited's Board meeting on May 8, 2026 approved the audited financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations was Rs. 11,599.56 million for FY2026, up from Rs. 10,563.55 million in FY2025. Profit after tax for the year stood at Rs. 569.20 million compared to Rs. 532.09 million in the previous year. The Board recommended a final dividend of Rs. 1.5 per equity share (15% on face value of Rs. 10). M/s Dalwadi & Associates was appointed as Cost Auditor for FY2026-27. Statutory auditors M/s Mukesh M. Shah & Co. issued an unmodified opinion. The auditors flagged concerns about Rs. 37.35 million in outstanding preference share redemptions from JV Venuka Polymers, Rs. 44.50 million from associate Farm Gas, and recognized Rs. 50.94 million impairment on receivables from JV Ni-Hon Cylinders.
Positive signals from revenue growth, improved profitability, and dividend declaration. However, investors should note auditor concerns about delayed recoveries from group companies and impairment charges which may indicate underlying stress in certain joint ventures and associates.