Salona Cotspin Limited has informed the Exchange regarding Change in Auditors of the company.
SALONA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Salona Cotspin Limited's Board of Directors met on May 29, 2026 and approved the audited financial results for Q4 and the full year ended March 31, 2026. Total income for FY26 was Rs. 59,437.87 lakh, down from Rs. 66,231.13 lakh in FY25. Net profit after tax stood at Rs. 156.14 lakh compared to Rs. 313.31 lakh in the prior year. The Board recommended a dividend of Rs. 0.60 per share (6%) subject to shareholder approval at the AGM. The Cost Auditor, Mr. B. Venkateswar, was reappointed for FY 2026-27. The Statutory Auditor remains M/s Gopalaiyer & Subramanian, which gave an unmodified opinion on the financial results.
The stock shows stable operations but with a decline in revenue and profit compared to the previous year. The dividend recommendation is positive for shareholders, though the year-on-year profit decline may weigh on investor sentiment.