Appointment of Secretarial Auditor and Internal Auditors
LGEINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
LG Electronics India Limited reported FY2026 revenue of INR 246,049 Million, marginally up from INR 243,666 Million in FY2025. However, profit before tax declined 22% to INR 22,995 Million from INR 29,631 Million, while net profit fell 23.5% to INR 16,851 Million. Basic EPS for the year was INR 24.83 compared to INR 32.46 in the prior year. The company appointed M/s. Dhananjay Shukla & Associates as Secretarial Auditor for 5 years starting FY2026-27, and appointed three Internal Auditors (S S Kothari Mehta & Co. LLP, T R Chadha & Co LLP, and Sharp & Tannan Associates) for FY2026-27. Total assets stood at INR 136,363 Million with cash reserves of INR 44,763 Million.
The appointment of new auditors is routine governance and does not signal concerns. The profit decline despite stable revenue may raise investor concerns about cost pressures or margin compression. The strong cash position and asset base provide financial stability.