Subsidiary26 May 2026, 07:51 pm
Virat Industries Withdraws UAE Subsidiary Incorporation Plan
AI Summary
Virat Industries Ltd's board, in a meeting on May 26, 2026, approved the standalone audited financial results for Q4 and the year ended March 31, 2026, and re-appointed M/s B. K. Khare & Co. and M/s S. R. Rege & Co. as tax and internal auditors, respectively, for FY 2026-27. The board does not propose any dividend for FY 2025-26 and approved the CSR policy. Furthermore, the company has withdrawn its plan to incorporate a wholly-owned subsidiary in the UAE, initially approved on December 11, 2025, due to evolving strategic considerations.
Key Highlights
- Virat Industries approved audited financial results for FY26.
- No dividend proposed for the financial year 2025-26.
- Re-appointed M/s B. K. Khare & Co. as Tax Auditors for FY 2026-27.
- Re-appointed M/s S. R. Rege & Co. as Internal Auditors for FY 2026-27.
- Plan to incorporate a wholly-owned subsidiary in UAE is withdrawn.
Price Impact
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