Oriental Aromatics Limited has informed the Exchange about Re-appointment of Internal Auditors & Cost Auditor of the Company.
OAL · price
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Oriental Aromatics Limited reported audited financial results for Q4 and FY 2025-26. Standalone revenue grew to Rs 10,266.39 lakh from Rs 9,279.18 lakh, but net profit declined to Rs 2,526.41 lakh from Rs 4,683.55 lakh year-on-year. Consolidated net profit dropped significantly to Rs 331.01 lakh from Rs 3,432.83 lakh. The Board recommended a dividend of Rs 0.5 per share (10%) for FY 2025-26, payable after AGM approval on August 18, 2026. Mr. John Gloster was appointed as an Additional Non-Executive Independent Director with a 5-year term. Mr. Deepak Ramachandra resigned as Independent Director effective May 21, 2026, citing professional commitments. The company confirmed no material reasons for the resignation. Internal and Cost Auditors were reappointed for FY 2026-27.
Declining profits on both standalone and consolidated basis may concern investors, though the dividend recommendation provides some shareholder returns. The resignation of an independent director warrants monitoring for any governance implications.