Metal Coatings (India) Ltd announced that its statutory auditor, Mehra Goel & Co, has converted into a Limited Liability Partnership (LLP) effective June 23, 2026. The firm will now operate under the name Mehra Goel & Co LLP, Chartered Accountants, following the conversion under the provisions of the Limited Liability Partnership Act, 2008. The company confirmed that this structural change does not impact the existing audit engagement.

The auditor communicated the change via a letter dated June 23, 2026, stating that the ICAI Firm Registration Number for the new entity is 000517N/N500502. metal coatings noted that Mehra Goel & Co LLP will continue to serve as the statutory auditor for the remainder of its approved tenure. The development was disclosed to BSE Limited, where the company is listed with the scrip code 531810.

Auditor Details

The following table outlines the key details regarding the change in the auditor's status:

Metal Coatings (India) Limited reported a net profit of ₹239.97 crore for the financial year ended March 31, 2026, compared to ₹236.96 crore in the previous year. Revenue from operations for FY26 stood at ₹14,897.55 crore, a decrease from ₹16,025.02 crore in FY25. The board approved the audited financial results during a meeting held on May 27, 2026, and recommended a final dividend of ₹1 per equity share, subject to shareholder approval.

Financial Performance

For the quarter ended March 31, 2026, net profit was ₹13.27 crore on revenue from operations of ₹3,674.52 crore. The statutory auditors, M/s Mehra Goel & Co., issued an unmodified opinion on the financial statements. The company operates in a single segment as per Ind AS 108.

Dividend Recommendation

The board recommended a final dividend of ₹1 per equity share, representing 10% of the face value of ₹10 each. Information regarding the book closure, record date, and dividend payment date will be announced in due course.

Key Financial Metrics

The audited financial results were prepared in compliance with the Indian Accounting Standards (IND-AS). The financial results are available on the BSE website and the company's official website.