Signatureglobal (India) Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
Signatureglobal reported Q1 FY26 consolidated revenue from operations of Rs 8,656.69 million, more than doubling from Rs 4,006.14 million in Q1 FY25, driven by higher project completions. Net profit surged to Rs 344.35 million from Rs 67.96 million, a roughly 406% year-on-year jump (EPS of Rs 2.45). Pre-sales for the quarter were Rs 26.4 billion with average realisation improving to Rs 16,296 per sq ft, helped by the premium launch 'Cloverdale SPR'. The board also approved a fund raise of up to Rs 8,750 million via secured listed NCDs on a private placement basis, made Indeed Fincap a wholly-owned subsidiary, and granted 850,000 ESOP options. On governance, the board re-appointed Mr. Kundan Mal Agarwal as Independent Director for a second 5-year term from April 2026, and appointed new Secretarial Auditor (M/s Deepak Sharma & Associates for 5 years), Cost Auditor (M/s Goyal, Goyal & Associates for FY26), and Internal Auditor (M/s Jain Jindal & Co. for FY26). The statutory auditor Walker Chandiok & Co LLP continues unchanged.
Strong operational beat with revenue doubling and profits rising nearly 5x is positive for the stock, though the NCD raise of Rs 8,750 million may slightly pressure leverage metrics in the near term. The auditor changes are routine and the re-appointment of an independent director supports governance continuity.