Appointment of M/s. Vivek Surana & Associates, Practicing Company Secretaries as Secretarial Auditors of the company for FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board meeting held on May 28, 2026 approved the audited standalone and consolidated financial results for Q4 and year ended March 31, 2026. The company reported a net loss of Rs 23.56 lakhs (standalone) and Rs 24.11 lakhs (consolidated) for FY2026, compared to losses of Rs 20.41 lakhs and Rs 21.42 lakhs respectively in FY2025, indicating widening losses year-on-year. Revenue from operations remained near zero. The statutory auditors M/s N G Rao & Associates issued an unmodified (clean) opinion on the financial statements. The board also appointed M/s V. Ravi & Co. as Internal Auditor and M/s Vivek Surana & Associates as Secretarial Auditor for FY2026-27.
The company continues to be loss-making with negative reserves of Rs 120.62 lakhs (standalone), suggesting accumulated losses. The clean audit opinion provides some comfort, but the widening losses and thin operations are concerning for investors. The appointment of secretarial auditors indicates ongoing compliance efforts.