Appointment of Internal Auditor of the Company.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts less than Nifty Microcap 250 and 2.2 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sky Industries Limited reported FY2026 audited results with standalone revenue of Rs 8,434.44 Lakhs (up 2% from Rs 8,267.18 Lakhs) and consolidated revenue of Rs 8,641.32 Lakhs (up 2.7% from Rs 8,408.83 Lakhs). Standalone net profit declined 3.2% to Rs 592.02 Lakhs, while consolidated net profit grew 14.2% to Rs 665.00 Lakhs. The Board recommended a final dividend of Rs 1 per share (10%). Capital work-in-progress surged to Rs 2,993.64 Lakhs from Rs 762.75 Lakhs, indicating major expansion (Gujarat Plant). Non-current borrowings increased significantly to Rs 1,670.95 Lakhs from Rs 58.04 Lakhs. New appointments include KSCA & Associates LLP as Internal Auditor, Mr. Abhishek Jain as Independent Director, and Mr. Anoop Dubey as Whole Time Director. Statutory auditors issued unmodified (clean) opinion.
Positive signals include PAT growth on consolidated basis and clean audit opinion. However, standalone PAT decline and significant debt increase for expansion carry execution risk. Dividend and leadership strengthening are shareholder-friendly moves.