The Board of Directors of Vadilal Enterprises Limited (Company) at its meeting held on 11th November, 2025, has, inter alia approved the following: 1) The unaudited Financial Results of ....
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The Board of Vadilal Enterprises Ltd met on November 11, 2025 (11:00 AM to 2:35 PM) and approved the unaudited financial results for the quarter and half year ended September 30, 2025, along with the Limited Review report from the auditors. The review was conducted by Walker Chandiok & Co LLP, who issued an unmodified (clean) conclusion, stating nothing came to their attention suggesting the results were not prepared in accordance with applicable accounting standards. A notable change is that the previous quarter (Q1 FY26, ended June 30, 2025) was reviewed by a different firm, Arpit Patel & Associates, indicating a mid-year auditor change. The results comply with Ind AS 34 and SEBI Listing Regulations.
The clean (unmodified) review conclusion is reassuring for shareholders, but the switch of statutory reviewer from Arpit Patel & Associates to Walker Chandiok & Co LLP between Q1 and Q2 of FY26 is a governance change investors should monitor for any underlying reasons.