AERONEUBSEAeroflex Neu LtdMediumNeutral
Announced Fri, 8 May · 18:32 IST

Re-appointment of M/s. A. Modi & Co., Chartered Accountants as the Internal Auditor of the Company.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹90.72
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₹88.01
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After-mkt
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AI summary

Aeroflex Neu Limited held a board meeting on May 8, 2026, where the Board approved the audited financial results for Q4 and the financial year ended March 31, 2026. The statutory auditors, M/s H R Jain & Co., issued an unmodified audit opinion on both standalone and consolidated financial statements. The company reported consolidated revenue from operations of Rs 3,406.01 lakhs for Q4 and Rs 12,916.50 lakhs for FY2026, with consolidated profit after tax of Rs 175.13 lakhs, a significant improvement from Rs 23.03 lakhs in the previous year. The Board also re-appointed M/s. A. Modi & Co., Chartered Accountants as the Internal Auditor for FY 2026-27, as recommended by the Audit Committee under Section 138 of the Companies Act 2013.

Likely market impact

The re-appointment of the internal auditor is a routine governance matter indicating continuity in internal audit oversight. The strong profit growth in FY2026 reflects improved operational performance.