Lloyds Enterprises Limited has informed the Exchange regarding Change in Auditors of the company.
LLOYDSENT · price
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Lloyds Enterprises Limited's Board meeting on May 8, 2026 approved multiple items including audited financial results for Q4 and FY ended March 2026. For the Change in Auditors, the Board appointed M/s. V. K. Beswal & Associates, Chartered Accountants as the new Statutory Auditor for a 5-year term from the ensuing AGM till the 45th AGM, subject to shareholder approval. The appointment was based on the Audit Committee recommendation. The company also recommended a final dividend of Rs. 0.05 per share (5%) for FY 2025-26 and re-appointed Mr. Sandeep Suhas Aole as Independent Director for a second term of 5 years. Financially, standalone net profit jumped to Rs. 268.09 crore from Rs. 16.43 crore YoY, while consolidated net profit grew to Rs. 416.96 crore from Rs. 123.39 crore YoY.
The appointment of new statutory auditors (V. K. Beswal & Associates) represents a planned change in audit firm. The strong financial performance with multi-fold profit growth and modest dividend declaration should be positive for investor sentiment. The company continues its expansion through acquisitions in gold mining, warehousing, and engineering sectors.