StockWatch
·
Garments & Apparels
Board Meeting26 May 2026, 07:11 pm

Virat Industries: No Dividend for FY26, Auditors Re-Appointed

AI Summary

Virat Industries Ltd's board meeting on May 26, 2026, approved the standalone audited financial results for Q4 and the year ended March 31, 2026. The board decided not to propose any dividend for the financial year 2025-26. M/s B. K. Khare & Co. and M/s S. R. Rege & Co. were re-appointed as Tax Auditors and Internal Auditors, respectively, for the financial year 2026-27. The board also approved the Corporate Social Responsibility (CSR) Policy and authorized the Managing Director to oversee CSR initiatives. The plan to incorporate a Wholly Owned Subsidiary in UAE has been rescinded.

Key Highlights

  • Standalone audited financial results for FY26 approved; unmodified audit opinion declared.
  • No dividend proposed for the financial year 2025-26.
  • M/s B. K. Khare & Co. re-appointed as Tax Auditors for FY 2026-27.
  • M/s S. R. Rege & Co. re-appointed as Internal Auditors for FY 2026-27.
  • Plan to incorporate a Wholly Owned Subsidiary in UAE has been rescinded.