Quarterly Result30 May 2026, 04:12 pm
Chemtech Industrial Valves: FY26 Audited Results Approved
AI Summary
Chemtech Industrial Valves Ltd. announced the approval of its audited financial results for the quarter and financial year ended March 31, 2026, during a Board Meeting held on May 30, 2026. The board also reviewed the auditor's report submitted by M/s. Raju & Prasad, Chartered Accountants. The meeting commenced at 02:15 P.M. and concluded at 03:00 P.M. The company addressed a contingent liability related to CKP bank and a show cause notice from DGGI Mumbai, where a penalty of ₹3,94,48,606 was imposed.
Key Highlights
- Chemtech approved audited financial results for FY26 on May 30, 2026.
- Auditor's report by M/s. Raju & Prasad was reviewed.
- RBI to provide ₹500000 to depositors of CKP bank, adjusted against the company's current account.
- DGGI imposed a penalty of ₹3,94,48,606 related to ineligible ITC utilization.
- Board Meeting commenced at 02:15 P.M. and concluded at 03:00 P.M.
Price Impact
More from CHEMTECH