Appointment of M/s R I Jain & Co done as Internal auditor of the company.
SUNDARAM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sundaram Multi Pap Limited's board meeting on May 25, 2026 approved audited FY2026 results showing strong recovery with net profit of Rs. 317.95 lakhs versus a loss of Rs. 512.07 lakhs in FY2025. Revenue from operations grew to Rs. 13,711.25 lakhs from Rs. 12,742.55 lakhs, while EPS improved to Rs. 0.07 from negative Rs. 0.11. The board also appointed M/s R. I. Jain & Co., a chartered accountant firm with 35+ years of experience, as the company's internal auditor for FY 2026-27 as required under Section 138 of the Companies Act. Additionally, a proposed preferential issue of 704 million equity shares was withdrawn after Sundaram Land and Assets Private Limited decided not to proceed with the share swap transaction.
The appointment of a new internal auditor is a routine governance change required by law and does not indicate any governance concerns. The company showed improved financial performance turning from loss to profit.