Intimation of Re-appointment of Auditors - Internal and Cost Auditors
REDTAPE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Redtape Limited held its Board meeting on May 26, 2026, approving multiple items. The company reported strong FY2025-26 standalone revenue of Rs 2,41,451 Lakhs (up 19.6% from Rs 2,01,846 Lakhs), with profit after tax growing 32.3% to Rs 24,416 Lakhs from Rs 18,448 Lakhs. The Board recommended a final dividend of Rs 2 per share (face value Rs 2), with record date July 31, 2026, adding to the interim dividend of Rs 0.25 already paid. Mr. Shashank Kumar was redesignated from Chief General Manager to Vice President (Administration), making him part of Senior Management Personnel. Internal Auditor M/s Surinder Mahajan & Associates and Cost Auditor Mr. Arun Kumar Srivastava were reappointed for FY 2026-27. The statutory auditors issued unmodified opinion. An Income Tax search was conducted in September 2025 at certain premises, and no material impact has been determined yet pending outcome.
The company delivered robust financial growth with 32% PAT increase, signaling operational strength. The continued dividend policy and auditor reappointments indicate stable governance. However, the pending IT search outcome and the elevation of KMP to senior management may attract investor attention.