StockWatch
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LPG/CNG/PNG/LNG Supplier
Auditor7 Aug 2026, 07:31 am

IRM Energy Appoints Sorab S. Engineer & Co as Statutory Auditors

AI Summary

IRM Energy Limited's Board of Directors, in a meeting held on August 6, 2026, approved the appointment of M/s. Sorab S. Engineer & Co as the new Statutory Auditors for a five-year term, replacing M/s. Mukesh M. Shah & Co. The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and extended the timeline for utilizing unutilized IPO proceeds up to March 31, 2028. The unutilized amount stands at ₹1587.17 million, dedicated to CGD network development in Namakkal and Tiruchirappalli. Additionally, a record date of September 11, 2026, was fixed for a potential dividend of ₹1.50 per share, and the 11th Annual General Meeting was scheduled for September 29, 2026.

Key Highlights

  • New statutory auditors appointed for a five-year term.
  • IPO proceeds utilization timeline extended to March 31, 2028.
  • Unaudited financial results for Q1 FY27 approved.
  • Record date set for September 11, 2026, for dividend.
  • AGM scheduled for September 29, 2026.