Outcome of Board Meeting held today 29.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Meera Industries Limited held its Board Meeting on May 29, 2026, where it approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. The statutory auditors K A Sanghavi & Co LLP issued unmodified (clean) opinions on both sets of results. Key standalone figures show revenue from operations declined to Rs 3,675.32 lakhs from Rs 4,026.01 lakhs in the previous year (approx 8.7% decline). Profit Before Tax fell significantly to Rs 99.11 lakhs from Rs 479.63 lakhs, while Profit After Tax dropped to Rs 87.02 lakhs from Rs 389.47 lakhs (approx 77.7% decline). EPS for the year stands at Rs 0.40 versus Rs 1.82 in the prior year. Exceptional items of Rs 87.07 lakhs were reported. Additionally, internal auditors D D R & Co. tendered their resignation effective May 29, 2026, citing professional pre-occupations and other commitments. The auditors noted an Emphasis of Matter paragraph but clarified the opinion remains unmodified.
The company has reported a significant decline in both revenue and profitability for FY2026, with PAT falling by over 77%. Despite a clean audit opinion, the substantial drop in earnings and exceptional items may concern shareholders. The resignation of internal auditors adds to governance concerns.