Oriental Aromatics Limited has informed the Exchange regarding Change in Auditors of the company.
OAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported FY2025-26 audited standalone revenue of Rs 1,026.67 crore (up 10.6% YoY) with net profit of Rs 252.64 lakh, and consolidated revenue of Rs 1,030.78 crore with net profit of Rs 33.10 lakh (significantly lower due to consolidated-level expenses). The Board recommended a dividend of Rs 0.50 per share (10%) subject to shareholder approval at the August 2026 AGM. Key board changes include appointment of Mr. John Gloster (sports medicine specialist with 30+ years experience) as an Additional Non-Executive Independent Director for a 5-year term, and resignation of Mr. Deepak Ramachandra (Independent Director) effective May 21, 2026 due to professional commitments. The company confirmed no material reasons for the resignation beyond stated personal reasons. Internal and cost auditors were reappointed for FY2026-27.
The resignation of an independent director mid-term and appointment of a new one indicates board-level changes. The standalone profit decline versus prior year (from Rs 468.36 lakh to Rs 252.64 lakh) may concern investors, though dividend provides some reward. The headline mentioning 'Change in Auditors' appears inconsistent with document content—no statutory auditor change was disclosed.