Sikko Industries Limited has informed the Exchange regarding Appointment of M/s. Ashok K. Bhatt & Co., Chartered Accountants, Ahmedabad (FRN: 100657W), as Internal Auditor of the Company for the financial year 2025-26
SIKKO · price
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Awaiting price reaction for this filing.
Sikko Industries reported solid Q1 FY26 results with revenue from operations rising about 14% year-on-year to Rs 1,810.18 lakhs and net profit growing roughly 25% to Rs 217.91 lakhs, compared with Rs 1,587.60 lakhs and Rs 174.90 lakhs in Q1 FY25. Profit before tax for the quarter stood at Rs 301.90 lakhs, with EPS at Rs 1.00. The board approved both the standalone and consolidated unaudited financial results along with the limited review report from statutory auditor D G M S & Co. The board also appointed M/s. Alap & Co. LLP as secretarial auditor for five years from FY 2025-26 and M/s. Ashok K. Bhatt & Co. as internal auditor for FY 2025-26. The 25th Annual General Meeting has been scheduled for September 26, 2025 via video conference, with NSDL appointed as the e-voting agency and Alap & Co. LLP as scrutinizer. The Draft Directors' Report for FY 2024-25 was also approved.
The strong year-on-year growth in both revenue and profit is a positive signal for shareholders and could support the stock sentiment. The auditor appointments and AGM-related items are routine governance actions with no negative governance flags.