Reappointment of Cost Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.8 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.