Appointment of Statutory Auditor and Re-appointment of Internal Auditor
STARTECK · price
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Starteck Finance's Board meeting approved the appointment of M/s Bagaria & Co. LLP as the new Statutory Auditors for 5 years, replacing M/s MKPS & Associates who audited the FY 2026 results. The company also re-appointed M/s Sandeep V. Chavan and Co. as Internal Auditor for FY 2026-27. For financial performance, standalone net profit grew 71% to Rs. 1,715.60 lakhs while consolidated net profit more than doubled to Rs. 2,361.21 lakhs compared to the previous year. EPS improved from Rs. 10.13 to Rs. 17.31 on standalone basis. The Board recommended a final dividend of Rs. 0.25 per share (2.5%), with promoters waiving their right to receive it.
The auditor change appears routine as it coincides with the completion of MKPS & Associates' term, and the internal auditor reappointment maintains continuity. The strong financial results showing doubled profitability and promoter dividend waiver are positive signals for shareholders, indicating confidence in the company's growth trajectory.