Lords Chloro Alkali Limited has informed the Exchange regarding Change in Auditors of the company.
LORDSCHLO · price
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Lords Chloro Alkali's board approved strong Q1 FY26 (June 2025) results with revenue from operations rising to Rs. 100.20 crore from Rs. 74.04 crore in Q1 FY25, and net profit jumping to Rs. 10.45 crore from Rs. 1.95 crore, a more than 5x year-on-year increase, lifting EPS to Rs. 4.15. The board re-appointed Shri Sandeep Singh as Non-Executive Independent Director for a second 5-year term starting 1 September 2025, subject to shareholder approval. It also re-appointed M/s Goyal, Goyal & Associates as Cost Auditors for FY26 and appointed M/s SSPK & Co. as Secretarial Auditor for a 5-year period (FY26–FY30). Additionally, the board approved increasing the borrowing limit up to Rs. 500 crore, subject to shareholder approval, while deferring the Employee Stock Option Scheme agenda.
Despite the 'change in auditors' headline, the main statutory auditor remains unchanged; only the cost and secretarial auditors were (re)appointed on routine terms. The sharp jump in profits and revenue is the key positive for shareholders, while the higher borrowing limit signals potential capacity expansion plans.