Uttam Sugar Mills Limited has informed the Exchange that Board of Directors of the Company at its meeting, approved the appointment of Internal Auditor and Cost Auditor
UTTAMSUGAR · price
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Uttam Sugar Mills Limited's Board of Directors met on 15th May 2026 and approved the audited financial results (standalone and consolidated) for Q4/FY ended 31st March 2026. The Board declared an unmodified audit opinion, indicating clean financials. Dividends were recommended: 6.50% on Series-I preference shares, 10.00% on Series-II preference shares, and Rs. 2.50 per equity share (25%) for FY2026, subject to shareholder approval at AGM. The company reappointed M/s S. S. Kothari Mehta & Company LLP as Internal Auditor for three years (FY2026-27 to FY2028-29) and M/s M. K. Singhal & Co. as Cost Auditor for FY2026-27.
The declaration of clean audit opinion and recommendation of dividends (including 25% on equity shares) signals financial stability and shareholder-friendly policies. The reappointment of auditors for multiple years indicates continuity in governance practices.