Manaksia Aluminium Company Limited has informed the Exchange regarding Change in Auditors of the company.
MANAKALUCO · price
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Manaksia Aluminium reported audited financial results for Q4 and FY ended March 2026. Total revenue for the year stood at Rs 5,647.32 crore with net profit after tax of Rs 755.61 lakh, compared to Rs 604.58 lakh in the previous year. The Board recommended a final dividend of Re 0.05 per share (5%) subject to shareholder approval. The company appointed M/s S. Bhalotia & Associates as Internal Auditor and M/s S. Chhaparia & Associates as Cost Auditor for FY 2026-27. The statutory auditor M/s Dangi Jain & Co. continued and issued an unmodified opinion. The company has also incorporated new subsidiaries in the USA and UAE. Note 6 discloses a GST demand order of Rs 38.80 crore plus penalty, which the company is contesting based on favourable court rulings.
Positive earnings growth of 25% YoY with dividend payout signals financial health, though the Rs 38.80 crore GST dispute remains a contingent liability requiring monitoring. The headline mentioning 'Change in Auditors' is misleading as the filing only shows new internal and cost auditor appointments, not a statutory auditor change.