Re-appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants, as Statutory Auditors of the Company.
MPSLTD · price
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MPS Limited held a Board meeting on May 15, 2026 approving multiple items. The company reported audited standalone total income of INR 38,125 lakhs for FY2026 with profit before tax of INR 16,894 lakhs and EPS of INR 64.86. Statutory auditors Walker Chandiok & Co LLP issued an unmodified opinion. The Board decided against recommending a final dividend for FY2025-26, retaining capital for growth following the February 2026 acquisition of Unbound Medicine, Inc. KPMG Assurance and Consulting Services LLP was appointed as the new Internal Auditor for 3 years, replacing the previous firm. Walker Chandiok & Co LLP was re-appointed as Statutory Auditors for a second term of 5 years, subject to shareholder approval at the upcoming AGM.
The re-appointment of the existing statutory auditor provides continuity in external audit governance. No dividend this year signals capital prioritization for acquisitions. The upgrade to KPMG for internal audits may strengthen internal controls and could be viewed positively by investors.