KRBL Limited has informed the Exchange regarding Change in Auditors of the company.
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KRBL Limited announced strong Q1 FY26 (quarter ended June 30, 2025) results with standalone revenue from operations rising 32% year-on-year to Rs. 1,58,435 lakh, and profit after tax jumping 74% to Rs. 15,050 lakh (EPS of Rs. 6.57). The Board re-appointed M/s. HMVN & Associates as Cost Auditors for FY 2025-26 — this is a re-appointment, not a change of statutory auditor (Walker Chandiok & Co LLP continues). The Board also recommended adding 'real-estate development and allied activities' to the company's main object clause, signaling a diversification move beyond its core rice/agri business. The 32nd AGM is set for September 24, 2025, with September 17, 2025 as the record date for the final dividend. The statutory auditor's review report carries a qualification related to the ongoing Enforcement Directorate (ED) investigation against one of the Joint Managing Directors in connection with the Agusta Westland money laundering case.
Strong operational performance in Q1 FY26 is positive for shareholders, though the auditor's qualification regarding the ED investigation against the JMD remains a governance overhang. The proposed entry into real estate is a strategic diversification that could support long-term growth but will require shareholder approval at the AGM.