Manorama Industries Limited has informed the Exchange regarding Change in Auditors of the company.
MANORAMA · price
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Manorama Industries Limited held its Board Meeting on May 11, 2026, and approved the Annual Audited Financial Results for FY 2025-26. Standalone revenue from operations was Rs. 13,576.97 crore (vs Rs. 7,708.42 crore in FY 2024-25), with standalone net profit of Rs. 2,332.97 crore (vs Rs. 1,120.50 crore). The Board recommended a final dividend of Rs. 0.80 per equity share (40% of face value). The company re-appointed CLA Indus Value Consulting Private Limited as Internal Auditors and M/s. S N & Co. as Cost Auditors for FY 2026-27. Additionally, the Board approved financial assistance up to Rs. 350 crore (equity investment Rs. 150 crore, unsecured loans Rs. 100 crore, and guarantees Rs. 100 crore) to its wholly-owned subsidiary Taang Kaam Industries SA for setting up a processing factory in Burkina Faso.
Strong financial performance with near doubling of revenue and profit. The dividend and international expansion plans through the subsidiary are positive signals for shareholders, though the large financial commitment to the Burkina Faso subsidiary increases exposure to foreign operations.