Standard Industries Limited has informed the Exchange regarding Change in Auditors of the company.
SIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Standard Industries Limited held its Board meeting on May 12, 2026, approving multiple items. The company reported FY 2025-26 standalone net loss of Rs. 1,759.22 lakhs (consolidated: Rs. 1,950.27 lakhs), compared to Rs. 1,380.44 lakhs loss in previous year. Revenue from operations stood at Rs. 3,068.34 lakhs. The Board recommended a final dividend of Rs. 0.25 per equity share (5% on face value of Rs. 5), subject to shareholder approval at the 129th AGM on August 18, 2026. A significant transaction was approved for assignment of development rights in land at Dadar West, Mumbai to Prabhadevi Developer Private Limited for Rs. 169.51 crore plus 25,774.61 sq. ft. residential area. Independent Director Shri Khurshed Thanawalla is proposed for re-appointment for 5 years from May 19, 2027. Internal auditor M/s Bhatia & Poojari was reappointed for FY 2026-27. Note: The headline mentions 'Change in Auditors' but no change in statutory auditor was indicated in this filing - R.S. Gokani & Co. continued as statutory auditor and issued an unqualified opinion.
The company continues to incur losses, though the land development transaction worth Rs. 169.51 crore could provide future revenue visibility. The dividend recommendation offers some return to shareholders despite ongoing losses.