Manorama Industries Limited has informed the Exchange regarding Change in Auditors of the company.
MANORAMA · price
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Awaiting price reaction for this filing.
Manorama Industries' board, at its meeting on July 25, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations surged to ₹28,955.08 lakhs from ₹13,341.48 lakhs in Q1 FY25, while net profit jumped to ₹5,057.62 lakhs (₹1,353.98 lakhs a year ago), giving EPS of ₹8.48. Consolidated net profit stood at ₹4,694.49 lakhs on revenue of ₹28,955.08 lakhs (EPS ₹7.87). The board re-appointed Mr. Ashok Jain as Whole-time Director (and CFO) for 3 years from November 15, 2025, and appointed M/s. B. R. Agrawal & Associates as Secretarial Auditors for 5 years (FY 2025-26 to FY 2029-30). The 20th AGM is scheduled for August 28, 2025, with a final dividend and book closure from August 22–28, 2025. Statutory auditor Singhi & Co. remains unchanged and issued an unmodified limited review report.
Strong Q1 numbers—revenue more than doubled and profit nearly quadrupled year-on-year—signal robust growth, likely positive for the stock. The director re-appointment and routine secretarial auditor change are governance-positive but largely procedural; the AGM and dividend details are next near-term catalysts for shareholders.