Remsons Industries Limited has informed the Exchange regarding Change in Auditors of the company.
REMSONSIND · price
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Remsons Industries' board, on 11 August 2025, approved its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue stood at Rs 6,626.94 lakhs (down marginally from Rs 6,712.36 lakhs a year ago), with net profit of Rs 202.18 lakhs vs Rs 227.21 lakhs, and EPS of Rs 0.58. On a consolidated basis, revenue jumped to Rs 9,963.06 lakhs from Rs 7,650.41 lakhs and net profit rose to Rs 363.88 lakhs from Rs 210.20 lakhs, with EPS of Rs 1.04. The board also appointed M/s. M Baldeva Associates, Company Secretaries, as the new Secretarial Auditor for a 5-year term (FY26–FY30), subject to shareholder approval at the upcoming AGM. Statutory auditors Kanu Doshi Associates LLP continue in their role, having issued an unqualified limited review.
Mixed picture for shareholders — standalone performance dipped slightly year-on-year, but the consolidated business (including subsidiaries and JVs) showed strong revenue and profit growth. The new secretarial auditor appointment is routine and not a red flag. Investors should watch the Astro Motors situation, which was downgraded from a planned subsidiary to a 35.85% associate.