Sahyadri Industries Limited has informed the Exchange regarding Change in Auditors of the company.
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 May 9, 2026, approving audited financial results for Q4 and FY ended March 2026. The company reported revenue from operations of Rs. 676.83 Crores, up 12.7% from Rs. 600.53 Crores in the previous year. Net profit stood at Rs. 29 Crores versus Rs. 19.46 Crores year earlier, with EPS of Rs. 26.50. The Board recommended a final dividend of Rs. 1.5 per share. Key appointments include Mr. Sunil Mahendra Suratwala as new Independent Director, along with re-appointments of Mrs. Moushmi Shaha and Mr. Ankem Sri Prasad Mohan as Independent Directors for second 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 (120,000 MT capacity) and a non-asbestos cement board plant in Maharashtra (72,000 MT capacity).
Strong financial performance with nearly 49% jump in net profit is positive for shareholders. The headline mentions 'Change in Auditors' but the actual filing shows it is a re-appointment of the existing auditor, not a change. Expansion plans indicate growth focus.