Tilaknagar Industries Limited has informed the Exchange regarding Change in Auditors of the company.
TI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tilaknagar Industries Limited held a Board Meeting on May 29, 2026 approving several matters. The company reported consolidated revenue of Rs. 5,24,758 lakhs for FY2025-26 with net profit of Rs. 2,087 lakhs, though this is significantly lower than Rs. 22,959 lakhs in FY2024-25 due to exceptional items of Rs. 23,197 lakhs including Imperial Blue acquisition costs of Rs. 22,007 lakhs. The Board recommended a 10% dividend (Rs. 1 per share) and re-appointed key directors including Amit Dahanukar as Chairman & MD and C.R. Ramesh as Whole-Time Director. The company also approved setting up a wholly-owned subsidiary in Nigeria (up to Rs. 30 crore investment) to manufacture and sell Imperial Blue, and a scheme to amalgamate two wholly-owned subsidiaries into Tilaknagar Industries. Note: The headline mentions 'Change in Auditors' but the document actually shows re-appointment of internal and cost auditors, not a change.
The stock may see mixed reaction - strong revenue growth but sharply lower profits due to one-time acquisition costs. The Nigeria expansion signals geographic diversification while the amalgamation scheme may streamline operations. The dividend offer provides some shareholder return.