Appointment of M/s P L Gupta & Co. Chartered Accountants as Internal Auditor of the Company for the Financial Year 2026-27
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Jindal Drilling & Industries Ltd re-appointed M/s P L Gupta & Co., Chartered Accountants, as its Internal Auditor for FY 2026-27 at the Board meeting held on May 22, 2026. The same firm had been serving previously, making this a routine annual re-appointment. The Board also approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, declared an unmodified audit opinion, and recommended a 20% dividend (INR 1 per share). Consolidated net profit for FY26 was Rs. 21,060 lakhs, boosted by a Rs. 3,799 lakh share of profit from joint ventures Discovery Drilling Pte. Ltd and Virtue Drilling Pte. Ltd. An exceptional charge of Rs. 395 lakhs was recognized due to the new Labour Codes.
The internal auditor re-appointment is routine with no governance concerns. The company delivered strong FY26 results with healthy consolidated profitability and maintained clean audit status, which is positive for investor confidence.