Reappointment of statutory auditor
KRISHIVAL · price
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Krishival Foods Limited reported strong FY26 consolidated results with revenue from operations growing 44.7% to ₹29,267.24 Lakhs from ₹20,223.24 Lakhs in FY25. Profit after tax rose 63.8% to ₹2,219.61 Lakhs from ₹1,354.55 Lakhs, with basic EPS improving from ₹6.07 to ₹9.63. The Board recommended a final dividend of ₹0.35 per equity share and approved re-appointment of M/s. Tammana Parmar & Associates as statutory auditors for another 5 years. The company raised ₹1,000 Crore via rights issue (33.33 lakh shares at ₹300 each) and granted 6.35 lakh ESOPs during the year. However, operating cash flow turned negative at ₹1,522.86 Lakhs versus positive ₹4,638.40 Lakhs in FY25, while borrowings nearly tripled to ₹3,615.46 Lakhs. Auditors issued an unmodified (clean) opinion on the financial statements.
Strong revenue and profit growth signals solid operational performance, but the negative operating cash flow and nearly tripled debt levels raise concerns about cash conversion quality and financial leverage. The clean audit opinion provides some comfort to investors.