Board Meeting22 Jun 2026, 02:37 pm
Karma Energy Ltd Approves Audited FY26 Financial Results
AI Summary
Karma Energy Ltd announced that its Board of Directors, in a meeting held on May 28, 2026, approved the audited financial results for the fiscal year ended March 31, 2026. The results were recommended by the audit committee. The company also received an unmodified opinion from its statutory auditors, Batliboi & Purohit, Chartered Accountants. Additionally, the Board approved the re-appointment of Mr. Chetan Durgadas Mehra as Managing Director for a further three-year term, effective December 1, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The board meeting commenced at 14:30 hrs and concluded at 14:55 hrs IST.
Key Highlights
- Audited financial results for FY26 approved by the Board.
- Independent auditors issued an unmodified opinion on the results.
- Re-appointment of MD, Mr. Chetan Durgadas Mehra, approved.
- MD re-appointment is for a three-year term starting December 1, 2026.
- Shareholder approval is required for the MD's re-appointment.
Price Impact
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