Please find attached herewith outcome of Board Meeting held on May 08, 2026.
IRMENERGY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IRM Energy Limited reported audited financial results for Q4 and FY ended March 31, 2026. Consolidated revenue grew 9.8% to Rs. 11,599.56 million from Rs. 10,563.55 million in the previous year. Profit after tax (PAT) increased 17.7% to Rs. 532.13 million from Rs. 452.04 million. The Board recommended a final dividend of Rs. 1.5 per share (15% on face value of Rs. 10), subject to shareholder approval. Statutory auditors issued unmodified opinions on both standalone and consolidated results. The auditors highlighted three emphasis of matter items: Rs. 22.35 million plus dividend overdue from JV Venuka Polymers, Rs. 15.90 million plus dividend overdue from associate Farm Gas, and a Rs. 50.94 million impairment loss on receivables from JV Ni-Hon Cylinders (which has negative net worth). M/s Dalwadi & Associates was appointed as Cost Auditor for FY 2026-27.
Positive signals from revenue and profit growth with clean audit opinion. However, investors should monitor the overdue investments from group entities and impairment losses on non-operating JVs, which indicate potential stress in subsidiary investments.