Uttam Sugar Mills Board Approves Financial Results, Recommends Dividends, and Appoints Statutory Auditors
Uttam Sugar Mills Limited announced the outcome of its recent Board of Directors meeting, detailing the approval of audited financial results, dividend recommendations, and the re-appointment of key statutory auditors for the coming financial years.The Board of Directors approved the Audited Financial Results, both standalone and consolidated, for the quarter/year ended March 31, 2026. Additionally, the company obtained the necessary report from its Statutory Auditors concerning these audited financial results. The Board also declared an unmodified opinion on the Annual Audited Financial Results for the financial year ended March 31, 2026.
Dividend Recommendations
During the meeting, the Board made recommendations regarding dividends for the year ended March 31, 2026.For preference shares, the Board recommended a dividend of 6.50% on "Series - I NonCumulative Redeemable Preference shares" and 10.00% on "Series - 11 Non-Cumulative Redeemable Preference shares." These recommendations are subject to the approval of shareholders at the ensuing Annual General Meeting.
For equity shares, the Board recommended a dividend of Rs. 2.50 per equity share, which has a face value of Rs. 10/- each. This dividend is also subject to shareholder approval at the Annual General Meeting.
Auditor Appointments
The Board meeting also addressed the appointments of key audit professionals for the financial years 2026-27 and subsequent years.Internal Auditor Appointment (2026-29)
Following the recommendation of the Audit Committee, M/s S. S. Kothari Mehta & Company LLP was re-appointed as the Internal Auditor of the company. The tenure for this appointment covers three financial years: 2026-27, 2027-28, and 2028-29.
| Detail | Information |
|---|---|
| Firm Name | M/s S. S. Kothari Mehta & Company LLP |
| Service | Internal Auditor |
| Appointment Date & Term | Appointed on May 15, 2026, for three Financial Years (2026-27, 2027-28, and 2028-29). |
| Brief Profile | Established in 1953, the firm is a reputed audit firm with a strong domestic network across Kolkata, Mumbai, and Chandigarh. It provides comprehensive services including Statutory Audit, Internal Audit, Risk Assurance, Valuation, and Corporate Law Advisory. |
Cost Auditor Appointment (2026-27)
Based on the Audit Committee's recommendation, M/s M. K. Singhal & Co., Cost Accountants, was re-appointed as the Cost Auditor for the financial year 2026-27.
| Detail | Information |
|---|---|
| Firm Name | M/s M. K. Singhal & Co. |
| Service | Cost Auditor |
| Appointment Date & Term | Re-appointed on May 15, 2026, for the F.Y. 2026-27. |
| Brief Profile | Established in 1998, the firm provides professional services in cost records, cost audit, pricing, and internal audit. It serves as the Cost Auditor for various government and private companies. |
UTTAMSUGAR Stock Price Movement
On Friday, Uttam Sugar Mills Limited shares edged higher, closing at ₹242.3 as the stock gained 1.85% for the session. The equity saw solid interest, with 91,802 shares traded throughout the day.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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