Please find attached disclosure intimating regarding the re-appointment of Statutory Auditors for five years & Appointment of Cost Auditors for FY 2026-27.
IVP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IVP Limited reported strong FY2026 results with revenue from operations at Rs. 5,945.5 crore (up 10.3% from Rs. 5,388.5 crore). Net profit jumped 65% to Rs. 186.8 crore versus Rs. 113.1 crore last year, with EPS at Rs. 18.09 vs Rs. 10.96. The Board recommended a 15% dividend (Rs. 1.5 per share). Key appointments include re-appointment of M/s. Rajendra & Co. as Statutory Auditors for a second 5-year term (subject to shareholder approval) and M/s. Kishore Bhatia & Associates as Cost Auditors for FY2026-27. Two Independent Directors, Mr. Ranjeev Lodha and Ms. Mala Todarwal, are being re-appointed for another 5 years. Notable items include a Rs. 46 lakh exceptional charge due to new labour codes and a Rs. 613 lakh fraud provision from a sales employee misrepresentation case.
Strong profitability improvement with 65% profit growth is positive for shareholders. The company also reduced borrowings significantly from Rs. 1,044 crore to Rs. 654 crore. The unchanged auditor appointments and independent director re-appointments indicate stability in governance.