Tarsons Products Limited has informed the Exchange regarding Change in Auditors of the company.
TARSONS · price
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Tarsons Products Limited reported its Board meeting outcomes on May 22, 2026. The company announced audited standalone and consolidated financial results for Q4 and FY2026. Consolidated revenue from operations grew 7.7% year-on-year to Rs 4,225.13 million, but profit before tax dropped significantly by 50.6% to Rs 218.99 million from Rs 443.01 million in FY2025. Standalone profit before tax declined 45.9% to Rs 312.91 million. The statutory auditor Price Waterhouse Chartered Accountants LLP issued an unmodified opinion. The company also re-appointed Grant Thornton Bharat LLP as Internal Auditors for FY2026-27. Additionally, the company disclosed it paid excess director remuneration totaling Rs 41.38 million and is seeking shareholder approval for waiver of this excess amount.
Despite revenue growth, the substantial decline in profitability is a concern for investors. The company may face scrutiny over governance practices related to excess director payments. The continuation of the existing audit firm with clean opinions provides some comfort on financial reporting quality.