Re-appointment of Joint Statutory Auditors
MRF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MRF Limited's Board Meeting on 7th May 2026 approved multiple items including audited financial results for FY2026, final dividend recommendation, and leadership changes. The Company Secretary Mr. S Dhanvanth Kumar resigned on 13th April 2026 due to health reasons and was relieved on 7th May 2026. Mr. Thulsidass T V (formerly with Britannia Industries) was appointed as the new Company Secretary and KMP effective 7th May 2026. Joint Statutory Auditors M M Nissim & Co LLP were re-appointed for 5 years subject to shareholder approval. Standalone revenue from operations grew to Rs 30,652 Crores (up 10.8% YoY) with profit before tax of Rs 3,133 Crores (up 29.5% YoY). Total dividend for FY2026 is Rs 235 per share (including two interim dividends of Rs 3 each).
Strong financial performance with near 30% growth in profits is positive for shareholders. The KMP change (Company Secretary resignation and new appointment) is a routine management transition. The auditor re-appointment and clean audit opinion with unmodified reports are routine governance matters.