Sarla Performance Fibers Limited has informed the Exchange regarding Change in Auditors of the company.
SARLAPOLY · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for Q4 and FY ended March 31, 2026, with statutory auditors C N K & Associates LLP issuing a qualified opinion. The qualification relates to a Rs. 7,713.26 lakh loss (consolidated) on sale of 11 Non-Cumulative Redeemable Preference Shares in wholly owned subsidiary Sarla Flex Inc. to a related party for USD 1,21,000 (approximately Rs. 10.14 lakhs), with regulator approvals still pending. The Board recommended a final dividend of 22% (Rs. 0.22 per share of face value Rs. 1), with promoters waiving their entitlement. Internal auditor (Ms. Pooja Dharewa) and Cost auditor (M/s. Kasina & Associates) were re-appointed. The 33rd AGM is scheduled for July 29, 2026. A proposal for share buyback was deferred for further evaluation to May 11, 2026. Consolidated total income stood at Rs. 45,787.82 lakhs with net loss of Rs. 1,331.63 lakhs for FY26.
The qualified audit opinion and pending regulatory approvals for the related-party preference share sale expose the company to potential regulatory penalties and governance scrutiny. The large exceptional loss materially impacted FY26 profitability despite the dividend recommendation.