Auditor20 May 2026, 05:51 pm
Lakshmi Electrical Recommends New Statutory Auditor
AI Summary
Lakshmi Electrical Control Systems Ltd's board recommends the appointment of M/s. NRD Associates as the new statutory auditor for a 5-year term (2026-27 to 2030-31), subject to shareholder approval at the upcoming AGM. The current auditors, M/s. Subbachar & Srinivasan, complete their term. The board also recommended a dividend of ₹3.00 (30%) per equity share for FY26, also subject to shareholder approval. The 45th AGM will be held on July 31, 2026.
Key Highlights
- NRD Associates recommended as new statutory auditor for 5 years.
- Current auditor's term expires at the upcoming AGM.
- Dividend of ₹3.00 per share recommended for FY26.
- 45th Annual General Meeting scheduled for July 31, 2026.
- S.Subbaraman re-appointed as Cost Auditor for FY 2026-2027.
Price Impact
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