M/s. Piyush J. Shah & Co., Chartered Accountants, resigned as the statutory auditor of airo lam effective June 25, 2026, citing pre-occupation in other assignments as the reason for stepping down. The firm confirmed that it has completed all audit assignments for the year ended March 31, 2026, and clarified there are no disputes with the management or concerns regarding the suppression of information. The resignation is subject to discussion and approval by the Audit Committee and Board of Directors in their forthcoming meetings.

The intimation was submitted to the National Stock Exchange of India Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation letter and Annexure-A, as envisaged in SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019, were attached to the filing.

Auditor Details

The auditor was reappointed by the members of the company in the Annual General Meeting held on September 29, 2021, to hold office until the conclusion of the AGM to be held in 2026. The latest audit report for the year ended March 31, 2026, was submitted on May 27, 2026.

Key Information

The firm stated that there were no other material reasons for the resignation beyond those provided. The company will need to appoint a new statutory auditor to fill the vacancy created by this resignation.

Airo Lam Limited reported a net profit of ₹623 crore for the financial year ended March 31, 2026, an increase from ₹353.69 crore in the previous year. Revenue from operations rose to ₹2,433.24 crore in FY26 from ₹2,143.87 crore in FY25. The Board of Directors approved the audited financial results for the year ended March 31, 2026, at a meeting held on May 27, 2026. Subsequently, the company published its standalone and consolidated audited financial results in Business Standard (English) and Jaihind (Gujarati) newspapers on May 28, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018.

The company's total revenue for FY26 stood at ₹2,446.12 crore, compared to ₹2,168.80 crore in the previous year. Total expenses for the period were ₹2,365.80 crore, up from ₹2,118 crore in FY25. Profit before tax for the year was ₹803.18 crore, compared to ₹507.97 crore in the prior year.

Financial Performance

The earnings per share (EPS) for the year increased to ₹4.15 from ₹2.36 in the previous year. The finance costs for FY26 were ₹86.58 crore, while depreciation and amortization expenses amounted to ₹49.62 crore. The following table summarizes the key financial metrics for FY26 and FY25:

Segment Performance

The Laminates & Allied Products segment reported revenue of ₹2,988.24 crore for the year, while the Plywood & Allied Products segment recorded revenue of ₹241.33 crore. The total segment revenue for FY26 was ₹3,229.56 crore.

Regulatory Compliance

The newspaper publication was carried out as per the communication signed by Chintan K Mehuriya, Company Secretary and Compliance Officer of Airo Lam Limited, addressed to the National Stock Exchange of India Limited. The disclosure was made in accordance with the requirements of Regulation 33 of the SEBI (LODR) Regulations, 2018.

Auditor's Report

M/s. Piyush J. Shah and Co., Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion for the standalone and consolidated financial results for the year ended March 31, 2026. The audit was conducted in accordance with the Standards on Auditing specified under the Companies Act, 2013.