IVP Limited has informed the Exchange regarding Change in Auditors of the company.
IVP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IVP Limited held its Board Meeting on May 21, 2026, approving the audited standalone financial results for Q4 and FY ended March 31, 2026. The company reported strong performance with revenue from operations of Rs. 59,455 lakhs (up 10.3% from Rs. 53,885 lakhs) and profit after tax of Rs. 1,868 lakhs (up 65% from Rs. 1,131 lakhs). EPS improved to Rs. 18.09 from Rs. 10.96. The Board recommended a final dividend of 15% (Rs. 1.5 per share). Statutory auditors M/s. Rajendra & Co. were re-appointed for a second term of 5 years. Two independent directors (Mr. Ranjeev Ugamraj Lodha and Ms. Mala Arun Todarwal) were re-appointed for another 5-year term. The filing also disclosed a fraud incident where a sales employee misrepresented customer records, resulting in a total impact of Rs. 613 lakhs which has been fully provided for.
Strong financial performance with 65% profit growth and improved EPS is positive for shareholders. The Rs. 613 lakh fraud incident raises concerns about internal controls, though the company states it has strengthened controls and initiated recovery steps. The unchanged auditor and stable board composition are neutral-to-positive for governance continuity.