The Board on the recommendation of the Audit Committee of the board, has approved the reappointment of Mr. Niti Rajan Bansal as the internal Auditor of the Company for the financial year ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
A B Cotspin India Ltd held its Board meeting on May 27, 2026, approving audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue from operations for FY26 stood at Rs 29,868 Lakhs, marginally higher than Rs 29,806 Lakhs in FY25. However, standalone profit before tax increased significantly to Rs 1,798 Lakhs from Rs 1,345 Lakhs in the prior year (up 33.6%). Profit after tax rose to Rs 1,326 Lakhs from Rs 999 Lakhs (up 32.7%). The company also reappointed Mr. Niti Rajan Bansal as Internal Auditor for FY 2026-27. The statutory auditors PL Mittal & Co issued an unmodified opinion on the financial statements. Share capital increased from Rs 1,662 Lakhs to Rs 2,216 Lakhs due to conversion of 55.44 lakh warrants into equity shares on April 7, 2025.
The company showed strong profitability growth despite flat revenue, indicating improved operational efficiency. However, EPS declined from Rs 9.39 to Rs 6.06 due to significant share dilution from warrant conversions. The continuation of the same internal auditor provides stability in internal audit functions.