Orient Cement Limited has informed the Exchange regarding Change in Auditors of the company.
ORIENTCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orient Cement Limited reported strong FY2026 results with total income of Rs 2,81,619.37 lakhs (up 3.2% YoY) and profit after tax of Rs 33,768.61 lakhs, a significant jump from Rs 9,124.64 lakhs in FY2025. EPS improved to Rs 16.44 from Rs 4.45 in the prior year. The Board recommended a dividend of Rs 0.50 per share (50%) for FY 2025-26, payable from July 1, 2026. Regarding auditors, the company appointed Grant Thornton Bharat LLP as the new Internal Auditor, replacing Mr. Shobhit Dwivedi due to organizational restructuring. M/s. P.M. Nanabhoy & Co. was appointed as Cost Auditors for FY 2026-27. The statutory auditors (G.K. Choksi & Co.) remain unchanged and issued an unmodified audit opinion.
The company shows strong operational improvement with more than 3.5x growth in net profit. The auditor changes appear routine (organizational restructuring cited) and do not indicate governance concerns. The dividend announcement provides shareholder returns. The recent change in control (Ambuja Cements acquired 72.66% stake) may drive continued integration.