Shipping Corporation Of India Land And Assets Limited has informed the Exchange regarding Change in Auditors of the company.
SCILAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of SCILAL approved the audited standalone financial results for Q4 and FY 2025-26 ended 31 March 2026. Total income for the year was Rs 10,677 lakhs (up from Rs 10,335 lakhs), and profit before tax was Rs 3,934 lakhs, a decline from Rs 6,514 lakhs in the previous year due to higher other expenses. The Board recommended a dividend of Rs 0.55 per share (5.50%) amounting to approximately Rs 25.62 crores, subject to shareholder approval at the AGM. Additionally, M/s Amit Ray & Co. was appointed as Internal (External) Auditor for two years effective 1 April 2026, while the statutory auditor M/s A.T. Jain & Co. continues unchanged and issued an unmodified audit opinion.
The company returned to profitability in FY26 after a significant loss in FY25, which is a positive sign. The dividend recommendation indicates management confidence in the company's financial health, though the lower profit compared to previous year may moderate investor enthusiasm.