Omax Autos Limited has informed the Exchange regarding Change in Auditors of the company.
OMAXAUTO · price
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Awaiting price reaction for this filing.
Omax Autos reported Q1 FY26 (quarter ended June 30, 2025) revenue from operations of Rs. 9,963.65 lakhs, up about 18% from Rs. 8,420.18 lakhs in the same quarter last year. Total income rose to Rs. 11,042 lakhs versus Rs. 9,187.76 lakhs year-on-year, showing healthy top-line growth. The Board approved a final dividend of Rs. 2.5 per share (25%) on Rs. 10 face value for FY25, subject to shareholder approval, with record date set as August 22, 2025. M/s JSN & Co. was re-appointed as Cost Auditor for FY26, and M/s DR Associates was appointed as Secretarial Auditor for a 5-year term (FY26-FY30).
Revenue growth of ~18% YoY is a positive signal for the business. The 25% dividend rewards shareholders, though the CFO transition within the promoter family (new CFO is the son of the Vice Chairman & MD) may raise governance questions for some investors despite operational continuity.