
Quarterly Result28 May 2026, 08:49 pm
Karma Energy Q4/FY26 Audited Results & MD Re-appointment Approved
AI Summary
Karma Energy's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, based on the audit committee's recommendation. The statutory auditors, M/s. Batliboi & Purohit, issued an unmodified opinion on these results. Additionally, the Board approved the re-appointment of Mr. Chetan Durgadas Mehra as Managing Director for a further period of three years, effective from December 1, 2026, subject to the approval of company members at the upcoming Annual General Meeting. The filing also noted a restatement of information for the year ended March 31, 2025, concerning the Managing Director's commission.
Key Highlights
- Board approved audited financial results for Q4 and full year ended March 31, 2026.
- Statutory auditors issued an unmodified opinion on the audited financial results.
- Mr. Chetan Durgadas Mehra re-appointed as Managing Director for three years.
- MD re-appointment effective from December 1, 2026, pending shareholder approval.
- Prior year (FY25) financial statements restated for MD commission payment.
Price Impact
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