Re-Appointment of Internal Auditors & Cost Auditor of the Company
OAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oriental Aromatics Limited announced Q4 and FY2026 results alongside several board changes. Standalone revenue was Rs 10,267 million with net profit of Rs 2,526 lakhs, down from Rs 4,684 lakhs in FY2025. Consolidated net profit dropped significantly to Rs 331 lakhs from Rs 3,433 lakhs in the prior year. The Board recommended a dividend of Rs 0.50 per share (10%). Mr. John Gloster was appointed as an Additional Non-Executive Independent Director for a 5-year term, while Mr. Deepak Ramachandra resigned as Independent Director effective May 21, 2026 citing professional commitments. Internal auditors (Shrenik & Associates, K C Mehta & Co. LLP, Usha Kadam & Associates) and Cost Auditor (V. J. Talati & Co.) were reappointed for FY 2026-27.
The company saw a significant decline in profitability for FY2026, particularly at the consolidated level, though standalone results remain healthier. The resignation of one independent director followed by appointment of another indicates normal board transition rather than governance concerns. Dividend recommendation provides shareholder return amid challenging financial performance.