Reappointment of M/s Bhatia & Poojari, Chartered Accountants, as Internal Auditor of the Company for term of 1 year to conduct Internal Audit for the Financial Year 2026-27.
SIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standard Industries Ltd's Board of Directors met on 12th May 2026 and approved multiple items. For FY 2025-26, the company reported a net loss of Rs 1,759.22 lakhs on standalone basis and Rs 1,950.27 lakhs on consolidated basis, compared to losses of Rs 1,378.75 lakhs and Rs 1,344.38 lakhs respectively in the previous year. Revenue from operations stood at Rs 3,068.34 lakhs (standalone). The Board recommended a final dividend of Rs 0.25 per equity share of Rs 5 each (5% payout), subject to shareholder approval at the 129th AGM scheduled for 18th August 2026. A major transaction approved was the assignment of development rights in Stanrose Apartment Building land at Dadar West, Mumbai to Prabhadevi Developer Private Limited for Rs 169.51 crore plus 25,774.61 sq ft of residential area. The Board also proposed re-appointing Shri Khurshed Thanawalla as Non-Executive Independent Director for 5 years and re-appointed M/s Bhatia & Poojari as Internal Auditor for FY 2026-27.
The company continues to incur losses, though standalone losses widened by Rs 380.47 lakhs year-on-year. The development rights transaction worth Rs 169.51 crore represents a significant cash inflow opportunity. The recommended dividend offers a small return to shareholders despite the losses. The appointment renewals indicate continuity in governance.