Nandan Denim Limited has informed the Exchange about Appointment/ Re-appointment of Internal Auditor and Cost Auditor
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Nandan Denim Limited held its Board meeting on May 28, 2026, approving audited standalone financial results for Q4 and FY 2025-26. Revenue from operations declined to Rs 28,718.74 lakhs from Rs 35,466.76 lakhs in the previous year, a drop of about 19%. Net profit for the year stood at Rs 3,312.84 lakhs vs Rs 3,344.85 lakhs in FY 2024-25, showing marginal decline. The company re-appointed M/s. Talati & Talati LLP as Internal Auditor and M/s A.G. Tulsian & Co. as Cost Auditor for FY 2026-27. Statutory auditors (Nahta Jain & Associates) gave an unmodified opinion. Notably, borrowings reduced significantly from Rs 24.86 crore to Rs 11.73 crore, and trade receivables declined from Rs 5,105.28 lakhs to Rs 3,766.48 lakhs.
Revenue declined sharply year-on-year, though the company maintained profitability and reduced debt substantially. Re-appointment of auditors is routine and not a concern. The stock split from Rs 10 to Rs 1 face value (effective September 2024) makes EPS comparison nuanced.