Kanoria Chemicals Board Approves Financial Results, Re-appoints Directors and Auditors
The Board of Directors of Kanoria Chemicals & Industries Limited convened a meeting on May 25, 2026, to approve the company's financial results and confirm key corporate governance appointments for the upcoming fiscal years.During the meeting, the Board considered and approved the Audited Financial Results, both standalone and consolidated, for the quarter and financial year ending March 31, 2026. The Statutory Auditors, Singhi & Co., provided an Audit Report with an unmodified opinion on the reported financial results. In a related recommendation, the Board recommended no dividend for the Financial Year 2025-26.
Corporate Governance Appointments
The Board took action on key appointments, including the re-appointment of an Independent Director and the re-appointment of internal and cost auditors for the Financial Year 2026-27.Smt. Suhana Murshed (DIN: 08572394) was re-appointed as an Independent Director for a second term of five years, effective from June 29, 2026, subject to the approval of the company's shareholders. Smt. Murshed, who previously completed her first term on June 28, 2026, is a corporate lawyer with over 18 years of experience. Her expertise lies in transactional work, with a primary focus on mergers and acquisitions, private equity investments, and strategic alliances.
The company also re-appointed two professional firms:
1. Internal Auditor: M/s. Pawan Gupta & Co., Chartered Accountants, was re-appointed for the Financial Year 2026-27, as recommended by the Audit Committee.
2. Cost Auditor: M/s. N. D. Birla & Co., Chartered Accountants, was re-appointed for the Financial Year 2026-27, also following the recommendation of the Audit Committee.
Detailed information regarding the re-appointment of the auditors is presented below:
| Auditor Firm | Reason for Appointment | Date and Term | Firm Profile |
|---|---|---|---|
| M/s. Pawan Gupta & Co., Chartered Accountants | Re-appointment | Financial Year 2026-27 (Effective from April 1, 2026) | A firm of Chartered Accountants based out of Kolkata, approximately 38 years old. |
| M/s. N. D. Birla & Co., Chartered Accountants | Re-appointment | Financial Year 2026-27 (Effective from April 1, 2026) | A Cost Accountant firm established in Ahmedabad, Gujarat, in 1976, with branches in New Delhi, Mumbai, Vadodara, and Indore. |
Kanoria Chemicals & Industries Limited concluded its board meeting on the afternoon of May 25, 2026.
KANORICHEM Stock Price Movement
Today, Kanoria Chemicals & Industries Limited shares edged higher to close at ₹91.43, recording a significant gain of 4.96%. The stock traded on 21,259 shares today, indicating robust institutional demand throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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