Reappointment of Cost Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lakshmi Electrical Control Systems reported FY2026 results with revenue growing 11.9% to ₹23,758 lakhs from ₹21,231 lakhs. However, profitability declined sharply with PBT dropping 75% to ₹143 lakhs and PAT falling 66% to ₹119 lakhs compared to FY2025. The company recommended a dividend of ₹3 per share (30%). Key changes include the appointment of new statutory auditors NRD Associates (replacing Subbachar & Srinivasan after their 10-year term), reappointment of Cost Auditor Sri S. Subbaraman for FY2026-27, and amendments to Articles of Association. An exceptional item of ₹1.74 lakhs was recorded due to new labour code implementation. The Plastics segment reported a loss of ₹272 lakhs. Statutory auditors issued an unmodified opinion.
Revenue growth was modest at ~12%, but the 66% decline in PAT and compressed operating margins signal deteriorating profitability. The company maintains dividend payout, which may provide some support to shareholders despite the weak earnings performance.