Rexnord Electronics and Controls Limited has submitted Announcement for re-appointment of Internal Auditor.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Rexnord Electronics reported audited FY2026 results with standalone revenue of Rs 2,950.39 Lakhs (up ~14% from Rs 2,588.81 Lakhs in FY2025). The company manufactures Instrument Cables/Motors as a single reportable segment. EBITDA margin expanded significantly to ~27.7% from ~20.6% YoY, supported by an Industrial Promotion Subsidy of Rs 402.76 Lakhs received under Maharashtra Electronics Policy 2016. However, PAT dropped sharply to Rs 166.29 Lakhs from Rs 772.96 Lakhs, partly due to an exceptional charge of Rs 147.71 Lakhs for estimated obligation under new labour codes (4 codes consolidated by Government of India). The Board re-appointed M/s R.J. Rathi & Co. as Internal Auditors for FY2026-27 and approved related party agreements with M/s R.K. Management Services and M/s S.K. Management Services. Statutory Auditors issued an unmodified (clean) opinion on both standalone and consolidated financials. The consolidated results include subsidiary Rexnord Enterprise Private Limited.
Revenue grew 14% but profit collapsed due to exceptional labour code charges and higher finance costs, offsetting the EBITDA margin expansion. The clean audit opinion is positive; shareholders should note the related party transactions require ongoing monitoring.