Appointment of Mr. Bharat Bhushan as an Additional Director in the category of Non-Executive Independent Director of the Company
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Signatureglobal (India) Limited reported strong FY2026 results with consolidated net profit of Rs 10,946.44 million, up significantly from Rs 1,012.09 million in FY2025, driven by an exceptional gain of Rs 12,672.19 million from remeasurement of its stake in Gurugram Commercity Limited (which became a joint venture after diluting stake to RMZ Group). The Board approved appointment of Mr. Bharat Bhushan as Additional Director in the category of Non-Executive Independent Director for a 5-year term starting 13th May 2026, subject to shareholder approval. The company also appointed M/s. S. N. Dhawan & Co LLP as new Statutory Auditors replacing Walker Chandiok & Co LLP, and M/s. Jain Jindal & Co. as Internal Auditor for FY2026-27. Net worth increased substantially to Rs 17,942.89 million from Rs 6,745.34 million.
The appointment of an independent director strengthens corporate governance. The exceptional gain boosted FY26 profits significantly, though underlying operating performance improvement would need closer scrutiny.