Aksh Optifibre Limited has informed the Exchange regarding Change in Auditors of the company.
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aksh Optifibre Limited held its Board meeting on May 28, 2026 and approved audited financial results for Q4 and FY2026. Standalone revenue was Rs 12,570.66 lakhs with a loss after tax of Rs 856.42 lakhs, significantly improved from Rs 2,011.30 lakhs loss in FY2025. The company re-appointed Cost Auditors (Ajay Kumar Singh & Co.) and Internal Auditors (Felix Advisory and S R Goyal & Co.) for FY2026-27. The Board also re-appointed Dr. Kailash Shantilal Choudhari as Director and Mr. Satyendra Kumar Gupta as Professional Consultant, subject to shareholder approval. The statutory auditor issued a qualified opinion due to non-recognition of certain scheme liabilities. Key concerns include ongoing NCLT proceedings, corporate guarantee exposure of Rs 6,937.33 lakhs, and SARFAESI notices from lenders.
The company shows improved financial performance with reduced losses, but faces significant governance and debt-related challenges. The qualified audit opinion and negative equity on consolidated basis may concern investors. No direct impact on stock from auditor change as this involves Cost/Internal Auditors only.