SML Mahindra Limited has informed the Exchange regarding Change in Auditors of the company.
SMLMAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SML Mahindra Limited held its Board Meeting on April 20, 2026, approving the audited financial results for Q4 and FY ended March 31, 2026. The company reported total income of Rs. 2,846.24 crore and profit after tax of Rs. 159.75 crore for FY2026, representing approximately 31% year-over-year growth compared to Rs. 121.67 crore in FY2025. The Board recommended a final dividend of 235% (Rs. 23.50 per share) amounting to Rs. 34.01 crore, subject to shareholder approval at the AGM scheduled for July 21, 2026. Additionally, the company appointed Mr. K.N. Vaidyanathan (EVP & Group Chief Internal Auditor of Mahindra Group) as Internal Auditor for FY 2026-27, replacing M/s S.Tandon & Associates LLP whose tenure ended. Note: This is a change in internal auditor, not the statutory auditor (B S R & Co. LLP continues).
The strong financial performance with 31% profit growth and the maiden dividend declaration under the Mahindra group are positive signals for shareholders. The internal auditor change (from S.Tandon & Associates to Mahindra Group's internal auditor) reflects the parent company's governance integration but has limited direct market impact.