Re-Appointment of Internal Auditor
SURYALA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Suryalata Spinning Mills held its Board meeting on May 25, 2026, approving standalone and consolidated audited financial results for FY2026. The company reported consolidated revenue of Rs. 48,380 lakhs (vs Rs. 49,470 lakhs in FY2025), with consolidated profit after tax jumping significantly to Rs. 3,546 lakhs from Rs. 1,537 lakhs the previous year. EPS improved substantially to Rs. 83.10 from Rs. 36.03. The Board recommended a 20% dividend (Rs. 2 per equity share) for non-promoter shareholders, with promoters voluntarily waiving their dividend. A new Independent Director, Sri. Gautam Damodar Sawang (a retired IPS officer and former DGP of Andhra Pradesh), was appointed for a 5-year term subject to shareholder approval. Internal auditor M/s. Brahmayya & Co and cost auditor M/s. Aruna Prasad & Co were re-appointed for FY2026-27.
Strong profit growth and promoter dividend waiver are positive signals for shareholders. The appointment of a senior former police officer as Independent Director may strengthen governance and investor confidence.