Appointment of Cost Auditor and Internal auditor for the financial year 2026-27
SIGIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Signet Industries Limited held its Board meeting on May 30, 2026, approving the audited financial results for Q4 and FY 2025-26. Total income grew to Rs. 13,490.30 Lacs from Rs. 11,861.38 Lacs in the previous year, driven by a 14% increase in revenue from operations to Rs. 13,467.88 Lacs. Profit before tax improved to Rs. 2,365.77 Lacs (up 6%), though profit after tax declined slightly to Rs. 1,415.54 Lacs due to higher tax expenses. The Board recommended a 5% dividend (Rs. 0.50 per share). Additionally, the company appointed M/s Dhananjay V. Joshi & Associates as Cost Auditor and Mr. Ritesh Bhansali as Internal Auditor for FY 2026-27. An exceptional loss of Rs. 499.37 Lacs was recorded due to a fire incident at the Pithampur plant in April 2025. The statutory auditors issued an unmodified opinion on the financial results.
Positive signals include revenue growth, improved profitability, and a clean audit opinion. The appointment of new auditors and dividend recommendation indicate routine governance. The fire-related exceptional loss is a one-time item already accounted for.