RUBYMILLSBSERuby Mills LtdMediumNeutral
Announced Thu, 28 May · 22:36 IST

Re-appointment of Cost Auditor

Management Changes View source PDF

RUBYMILLS · price

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₹248.00
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AI summary

Ruby Mills Ltd held a Board meeting on 28 May 2026 where it approved the audited standalone and consolidated financial results for Q4 and the year ended 31 March 2026. Standalone revenue for FY2026 came in at Rs. 35,859.56 lakhs, up from Rs. 24,533.65 lakhs in the prior year, with profit after tax at Rs. 4,357.95 lakhs (vs Rs. 4,231.24 lakhs in FY2025), reflecting a ~3% YoY increase. EPS for FY2026 is Rs. 13.03. The Board recommended a final dividend of Rs. 2.5 per equity share (face value Rs. 5/-), subject to shareholder approval at the ensuing AGM. Additionally, Shri. Dakshesh H. Zaveri was appointed as Cost Auditor for FY 2026-27. The company also incorporated two new wholly-owned subsidiaries — Ruby Greentech T Private Limited and Ruby Greentech K Private Limited — on 18 March 2026, signalling a move into green/greentech verticals. Statutory auditors CNK & Associates LLP gave an unmodified opinion on the results.

Likely market impact

The company delivered modest profit growth despite strong revenue expansion; the dividend declaration is positive for income-seeking shareholders. The new greentech subsidiaries signal strategic diversification but carry near-term integration costs. The appointment of a cost auditor is routine and not a governance concern.