Re-appointment of Internal Auditors and Cost Auditors for the FY 2026-27.
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The Board of Directors approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Statutory auditors M/s. Talati & Talati LLP issued an Unmodified Opinion. Standalone revenue declined to ₹2,610.27 Crores from ₹2,744.38 Crores in the prior year (adjusted), representing approximately 5% decline. PAT for standalone FY26 was ₹222.25 Crores versus ₹301.09 Crores in FY25 (adjusted), showing a 26% decline. However, Q4 standalone PAT grew to ₹92.06 Crores from ₹73.46 Crores in Q4 FY25. Consolidated revenue stood at ₹4,405.61 Crores, boosted by the newly acquired Thailand subsidiary. The company recognized an exceptional item of ₹2.78 Crores due to new Labour Codes provisions (gratuity ₹2.28 Crores + leave encashment ₹0.50 Crores). The Board reappointed M/s. Sharp & Tannan Associates as Internal Auditors and M/s. Kailash Sankhlecha & Associates as Cost Auditor for FY 2026-27.
Revenue and PAT declined year-on-year for standalone operations, though Q4 showed improvement. The exceptional item related to Labour Codes is a one-time charge. The auditors issued clean (unmodified) opinions, indicating no material concerns about financial statement accuracy.