Signature Global Board Appoints Walker Chandiok & Co LLP as New Statutory Auditor at May 2026 Board Meeting

Board Appointments and FY26 Financial Approval

The audited financial results (both consolidated and standalone) were approved by the Board on May 13, 2026, and carry an unmodified opinion from the statutory auditors, Walker Chandiok & Co LLP. At the same meeting, the Board also approved key appointments including a new Independent Director and Statutory Auditor.

Change in Statutory Auditor

The company has appointed M/s. S. N. Dhawan & Co LLP as the new Statutory Auditors, replacing M/s. Walker Chandiok & Co LLP effective from the conclusion of the ensuing 27th Annual General Meeting. Walker Chandiok & Co LLP (Firm Registration no. 001076N/N500013) is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI), Public Company Accounting Oversight Board (PCAOB) and empanelled with Comptroller and Auditor General of India (CAG). The firm was established in the year 1935 and its registered office is situated at New Delhi with Eighteen other offices across major cities in India. It has ninety-two partners.

The appointment of S. N. Dhawan & Co LLP represents the completion of Walker Chandiok's second consecutive five-year term as statutory auditor. M/s. S. N. Dhawan & Co LLP is a member firm of Forvis Mazars in India, established in 1944, with 22 partners and in-depth experience in sectors including real estate, infrastructure, and construction.

FY26 Financial Performance and Balance Sheet Strength

SignatureGlobal (India) Limited reported a 979% YoY surge in FY26 consolidated PAT to Rs. 10,946.44 million, driven by a Rs. 12,672.19 million exceptional gain from its 50:50 JV with RMZ Group via Gurugram Commercity Limited. Revenue from operations grew 4% to Rs. 25,958.65 million, while net debt fell 77% to a historic low of Rs. 2.0 billion.

Operational Scale and Market Position

The company's total portfolio stands at 53.3 mn sq. ft. of saleable area, with delivered housing projects totalling approximately 17.9 mn sq. ft. as of FY26. Average sales realization improved to Rs. 15,250 per sq. ft. in FY26 from Rs. 12,457 per sq. ft. in FY25, driven by higher sales in premium markets and price increases across key regions.

Independent Director Appointment

Mr. Bharat Bhushan is a distinguished academician and corporate governance expert with over 44 years in academia, corporate advisory, and board oversight. He is a qualified Company Secretary and has taught at Hansraj College, University of Delhi for over 41 years. He is serving as Chairman for a company as a nominee of the Ministry of Corporate Affairs, Government of India.

Debt Structure and Credit Rating

The company also holds 87,500 rated, listed, secured, redeemable Non-Convertible Debentures (NCDs) with face value of Rs. 100,000 each, aggregating Rs. 8,750.00 million, issued to International Finance Corporation (IFC) at an interest rate of 11% per annum, carrying a CARE A+ (Stable) credit rating.