Sportking India Limited has informed the Exchange regarding Appointment of Mr as Cost Auditor of the company w.e.f. May 16, 2026.
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Sportking India Limited reported FY2026 standalone revenue from operations of Rs 25,242.29 Lakh, up slightly from Rs 25,104.58 Lakh in FY2025. Net profit for FY2026 stood at Rs 11,972.38 Lakh. Q4 FY2026 revenue was Rs 5,848.52 Lakh with net profit of Rs 2,459.76 Lakh. Statutory auditors issued an un-modified opinion. The Board recommended a final dividend of Rs 1 per equity share (face value Rs 1) totaling Rs 1,270.72 Lakh, subject to shareholder approval at AGM. Two related party acquisitions were approved: majority stake in Marvel Dyers and Processors Private Limited (turnover Rs 5,582.80 Lakh in FY25) via cash and/or share consideration; and slump sale acquisition of manufacturing facilities of Sobhagia Sales Private Limited (turnover Rs 9,972.27 Lakh in FY25) along with a long-term lease for land and building. Both transactions are at arm's length. Cost auditor M/s R.R. & Co was re-appointed for FY2026-27. The greenfield expansion project in Odisha (150,000 spindles) has achieved financial closure and construction has commenced.
Positive sentiment expected from dividend declaration and acquisition approvals expanding business scope, though the revenue growth is modest and related party nature of acquisitions warrants monitoring. Cost auditor re-appointment is routine governance compliance.