Announced Fri, 15 May · 20:38 IST

S H Kelkar and Company Limited has informed the Exchange regarding Appointment of Ernst & Young LLP as Internal Auditors.

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AI summary

S H Kelkar and Company Limited (Keva) held its Board meeting on May 15, 2026, approving the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Consolidated revenue from operations stood at Rs. 2,368.26 crore, with net profit from continuing operations at Rs. 69.15 crore, compared to Rs. 74.08 crore in the previous year. The Board appointed Ernst & Young LLP as Internal Auditors and Kishore Bhatia & Associates as Cost Auditors for FY 2026-27, and B S R & Co. LLP as Statutory Auditors for a 5-year term subject to shareholder approval. The 70th AGM is scheduled for July 31, 2026. Statutory auditors Deloitte Haskins & Sells LLP issued an unmodified opinion. During the year, the company realized Rs. 35.46 crore from insurance claim related to the April 2024 fire at its Vashivali plant.

Likely market impact

The appointment of E&Y as internal auditors signals stronger internal audit governance. Full-year profit declined marginally year-on-year due to exceptional items, though underlying operations remain stable with revenues growing 11.5% YoY.