Re-appointment of Internal Auditor and Cost Auditor for the Financial Year 2026-27
PARAS · price
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Paras Defence reported strong FY2026 results with standalone revenue of Rs. 41,654 lakh (up 25% YoY from Rs. 33,385 lakh) and net profit of Rs. 8,318 lakh (up 28% from Rs. 6,506 lakh). Consolidated revenue stood at Rs. 47,657 lakh with net profit of Rs. 8,946 lakh. The Board recommended a final dividend of Rs. 1 per share (face value Rs. 5 each) for FY2025-26. Auditors gave an unmodified opinion. During the year, the company completed a stock split (1 share of Rs. 10 → 2 shares of Rs. 5) and divested 58.02% stake in subsidiary Ayatti Innovative Private Limited on March 30, 2026, generating an exceptional gain of Rs. 291 lakh. The company reappointed SML and Co. LLP as Internal Auditor and Dinesh Jain & Company as Cost Auditor, both for FY2026-27.
Strong financial performance with 25-28% profit growth is positive for shareholders. Dividend declaration provides direct cash return. Auditor reappointments are routine and carry no concerns.