Aki India Limited has informed the Exchange regarding Appointment of Ms Shaunak Mall and Associates as Internal Auditor of the company w.e.f. May 15, 2026.
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AKI India Limited's Board meeting on May 15, 2026 approved two key items: (1) Appointment of M/s. Shaunak Mall and Associates as Internal Auditor for FY 2026-27, effective May 15, 2026 - a Cost Management Accountant firm with 15 years of experience in internal audit, cost audit, and compliance review. (2) Audited standalone financial results showing Total Income of ₹7,507.34 lakhs (up 9.3% YoY) but Profit After Tax declined to ₹144.25 lakhs from ₹163.37 lakhs in the previous year. Consolidated results showed stronger performance with Total Income of ₹11,131.02 lakhs (up 27.2% YoY) and Profit After Tax of ₹193.34 lakhs (up 15.3% YoY). The statutory auditor issued an unmodified opinion, confirming clean audit findings.
The appointment of an experienced internal audit firm strengthens governance controls. However, standalone profit decline despite revenue growth may indicate margin pressure concerns for shareholders. Consolidated performance shows better diversification benefits from subsidiaries including AKI UK Limited and AKI Castil Shoes LLP.