XCHANGINGBSEXchanging Solutions LtdMediumNeutral
Announced Thu, 21 May · 13:56 IST

Appointment of Statutory Auditor

Management Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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-0.4%1-day move
₹67.30
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₹67.72
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AI summary

The Board of Directors meeting held on May 21, 2026 approved multiple items including audited financial results for Q4 and FY ended March 31, 2026. Standalone profit for FY26 was Rs 3,697 lakhs (vs Rs 1,959 lakhs in FY25), while consolidated profit was Rs 5,945 lakhs (vs Rs 4,958 lakhs). The Board recommended a final dividend of INR 2 per equity share (20% on face value of INR 10), with record date August 14, 2026. The Board also approved appointment of M/s Walker Chandiok & Co LLP as new Statutory Auditors for 5 years from the 25th to 30th AGM, replacing M/s Deloitte Haskins & Sells who are completing their normal 5-year term. Additionally, Mr. Shrenik Kumar Champalal was re-appointed as Whole Time Director for a further 3 years from March 31, 2027. Auditors issued unmodified opinions on all financial results.

Likely market impact

The scheduled auditor rotation from Deloitte to Walker Chandiok & Co LLP is a routine governance transition with no immediate share price implications. Strong financial performance with near doubling of standalone profit and healthy dividend declaration are positive signals for investors.