Century Enka Limited Board Approves FY Results, Recommends Dividend, and Appoints New Statutory Auditors

Century Enka Limited Board Approves FY Results, Recommends Dividend, and Appoints New Statutory Auditors​

Century Enka Limited announced key outcomes from its Board of Directors meeting held on May 21, 2026. The Board approved the audited financial results and statements for the quarter and full financial year ended March 31, 2026. The Board also recommended a dividend and approved changes in the company's senior management and statutory audit partners.

Corporate Governance and Appointments​

During the meeting, the Board of Directors approved several critical corporate governance matters.

Statutory Audit Appointment:
The Board approved the appointment of M/s. Singhi & Co., Chartered Accountants (Firm's Registration No. 302049E), as the Statutory Auditors for a term of five consecutive years. This term is scheduled to commence from the conclusion of the 60th Annual General Meeting and conclude at the 65th Annual General Meeting, pending approval from the shareholders.

Redesignation of Key Management:
The Board, based on the recommendation of the Nomination and Remuneration Committee, redesignated Mr. Suresh Sodani (DIN: 08789604) as the Managing Director and Chief Executive Officer (MD & CEO). The redesignation is effective without altering the existing terms and conditions of his appointment as Managing Director.

Financial Results and Dividend Declaration​

The Board formally approved the audited financial results and audited financial statements for the standalone and consolidated entities for the financial year ended March 31, 2026.

The Directors further recommended a dividend for the financial year ended March 31, 2026, at the rate of 110%. This translates to Rs. 11/- per Equity Share, where the face value of the equity share is Rs. 10/- each.

Financial Performance Highlights (Rs. in Lacs)​

The approved results show the following annualized net profit figures:


The company’s financial standing, as detailed in the audited balance sheet, shows a total equity of 1,47,400 Rs Lacs for the consolidated entity as at March 31, 2026, compared to 1,39,570 Rs Lacs the previous year.

Audit Opinion​

The audited financial results for both standalone and consolidated entities received an unmodified opinion from the Statutory Auditors, confirming that the results give a true and fair view in conformity with applicable Indian accounting standards.

The Board and the audit committee recommended that the financial results and the dividend declaration be approved by the shareholders at the upcoming Annual General Meeting.

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Disclaimer: The above report is based exclusively on the information provided in the source material.

CENTENKA Stock Price Movement​

Today, Century Enka Limited shares surged, closing at ₹540.1, marking a substantial 20.00% gain. The stock rallied on a volume of 987,991 shares, hitting its 52-week high of ₹540.1.