Re-appointment of M/S SPCM and associates as Internal auditor and Narhar K. Nimkar as Cost Auditors for the Financial Year 2026-27.
SAHYADRI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sahyadri Industries Limited held its Board meeting on 9th May 2026 and approved multiple business items. The company reported audited financial results for FY 2025-26 with total income of Rs. 684.87 Crores, up 12.5% from Rs. 608.79 Crores in FY 2024-25. Net Profit grew significantly to Rs. 29 Crores, a 49% increase from Rs. 19.46 Crores in the prior year. EPS stands at Rs. 26.50 versus Rs. 17.78. The Board recommended a final dividend of Rs. 1.5 per equity share. As part of governance changes, Mr. Sunil Suratwala was appointed as an Additional Independent Director, while Mrs. Moushmi Shaha and Mr. Ankem Sri Prasad Mohan were re-appointed for second 5-year terms. M/s Joshi Apte & Company was re-appointed as Statutory Auditors for 5 years. The company is expanding with a new asbestos corrugated sheet unit in Odisha (1,20,000 MT capacity) and a non-asbestos cement board plant in Maharashtra (72,000 MT). Statutory Auditors issued an unmodified opinion.
Strong financial performance with nearly 50% PAT growth demonstrates operational strength. The expansion projects signal growth orientation while consistent auditor appointments indicate stability. The dividend recommendation provides shareholder returns.