Shivalik Rasayan Board Approves FY26 Audited Results and Recommends 10% Dividend
Shivalik Rasayan Limited's Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. A final dividend of 10% is recommended, subject to shareholder approval. The company also appointed new Internal and Cost Auditors for FY27 and noted the resignation of a Non-Executive Director.
The approval of financial results and dividend recommendation are significant for stakeholders. Changes in auditors and committee reconstitution are routine but important corporate actions.
The recommendation of a dividend and the approval of audited financial results with an unmodified opinion are positive indicators for the company.
Shivalik Rasayan Limited announced the outcome of its Board Meeting held on May 27, 2026. The Board approved the Audited Financial Results, both Standalone and Consolidated, for the quarter and year ended March 31, 2026. The company also recommended a final dividend of 10% (50 paise per equity share) for the Financial Year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting.
In other key decisions, the Board accepted the resignation of Mr. Sanjay Bansal as a Non-Executive Director and approved the reconstitution of several committees, including the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Risk Management Committee, effective May 27, 2026. M/s Amar Sharma & Co. declined to continue as Internal Auditor due to other pre-occupations; consequently, M/s Arun Agarwal & Co. have been appointed as the Internal Auditor for FY 2026-27 based on the Audit Committee's recommendation. Additionally, M/s Cheena & Associates have been appointed as the Cost Auditor for FY 2026-27.
The Board meeting commenced at 03:30 PM and concluded at 04:40 PM. The audited financial results, along with segment-wise revenue and assets, and the auditor's report with an unmodified opinion, have been submitted. The company also provided a declaration confirming the unmodified opinion from its statutory auditors, M/s Rahul Chaudhary & Associates, on the financial results for the year ended March 31, 2026.
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Shivalik Rasayan Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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