Ratnamani Metals & Tubes Limited has informed the Exchange regarding Change in Auditors of the company.
RATNAMANI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ratnamani Metals & Tubes Limited reported standalone net profit of Rs 4,339.55 million for FY ended March 2026, down from Rs 5,780.10 million in FY2025. Consolidated net profit stood at Rs 5,344.65 million. Revenue from operations declined to Rs 36,893 crore (standalone) from Rs 48,761 crore in the previous year. The Board recommended a dividend of Rs 10 per equity share (500%) for FY2026, subject to shareholder approval at the 42nd AGM on August 18, 2026. The company re-appointed M/s. G.K. Choksi & Co. as Internal Auditors and M/s. N.D. Birla & Co. as Cost Auditors for FY2026-27. Statutory auditors M/s. Kantilal Patel & Co. issued an unmodified opinion on both standalone and consolidated financials. Note: The headline mentions 'Change in Auditors' but the actual filing only shows re-appointments of internal and cost auditors, not a change in statutory auditors.
The decline in revenue and profit reflects challenging market conditions. However, the dividend recommendation and clean audit opinion signal management confidence. The headline about auditor change appears misleading as no statutory auditor change occurred - only routine re-appointments of internal and cost auditors.