Auditor14 May 2026, 09:01 pm
Welspun Enterprises Re-appoints Cost & Tax Auditors
AI Summary
Welspun Enterprises Ltd. announced the re-appointment of M/s. Kiran J. Mehta & Co. as Cost Auditors and M/s. Sureka and Associates as Tax Auditors. This decision was based on the recommendation of the Audit Committee. The board also approved the audited consolidated and standalone financial results for the year ended March 31, 2026, recommended a final dividend of ₹3 per share, and approved the re-designation and re-appointment of key management personnel.
Key Highlights
- Audited financial results for FY26 approved with an unmodified opinion from auditors.
- Final dividend of ₹3 per share recommended, subject to shareholder approval.
- Balkrishan Goenka re-designated as Non-Executive Chairman, effective June 1, 2026.
- Sandeep Garg re-appointed as Managing Director for 3 years from June 1, 2026.
- Shareholder approval sought for raising funds up to ₹1,000 Crore via private placement.
Price Impact
More from WELENT