Please find attached herewith Appointment of Cost Auditor of the Company for the Financial Year 2026-27.
IRMENERGY · price
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IRM Energy Limited's board approved audited financial results for Q4 and full year ended March 31, 2026. Total income was Rs. 11,854.10 million (up from Rs. 10,907.60 million in FY2025), with consolidated net profit after tax of Rs. 532.09 million (vs Rs. 450.75 million prior year). The board recommended a final dividend of Rs. 1.5 per share (15%) subject to shareholder approval at the ensuing AGM. M/s Dalwadi & Associates, Cost Accountants, were appointed as Cost Auditor for FY 2026-27 on the Audit Committee's recommendation. Statutory auditors issued an unmodified opinion. Key notes include outstanding preference share redemptions from joint ventures VPPL (Rs. 22.35 million + dividend) and associate FGPL (Rs. 15.90 million + dividend), plus an impairment loss of Rs. 50.94 million recognized on loans to JV Ni-Hon Cylinders due to recoverability concerns.
Positive signal with strong profit growth year-on-year and dividend declaration. However, investors should note the impairment on JV loans and outstanding amounts from related parties requiring monitoring.