The Board of Directors, recommended subject to members approval at the ensuing Annual General Meeting, appointment of M S K A & Associates LLP, Chartered Accountants, as Statutory Auditors, for a period of five year s.
SUPREMEIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Supreme Industries reported strong full-year performance with consolidated revenue growing 7.4% to Rs. 11,217.68 crores. However, consolidated profit after tax declined slightly to Rs. 953.98 crores from Rs. 960.88 crores in the previous year. The Board recommended a final dividend of Rs. 25 per share (1250%), which combined with interim dividend already paid aggregates to Rs. 36 per share (1800%) for FY26, up from Rs. 34 per share in FY25. The company also announced appointment of MSKA & Associates LLP, Chartered Accountants, as the new Statutory Auditors for a 5-year term from the 84th AGM till the 89th AGM, subject to shareholder approval. Additionally, Shri V.K. Taparia, Executive Director, will retire by rotation and seek reappointment at the AGM.
Positive for shareholders with strong revenue growth and increased dividend payout. The change in auditors appears to be routine rotation at the end of the current term rather than a concern, as the audit reports show unmodified opinions.