Appointment of Internal Auditor for financial year 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors re-appointed M/S D.C. Chhajed & Associates as Internal Auditor for FY 2026-27. This is a routine re-appointment of the same firm that has been conducting internal audits. The filing also includes audited financial results showing a net loss of Rs 9,544.14 Lakhs for FY 2025-26, compared to Rs 7,264.03 Lakhs loss in the previous year. Revenue declined to Rs 7,550.41 Lakhs from Rs 8,975.65 Lakhs. The company has a negative net worth of Rs 35,900.70 Lakhs and auditors have raised going concern doubts due to NPAs of Rs 58,114.41 Lakhs.
The internal auditor re-appointment is a routine administrative matter and carries no immediate shareholder implications. However, the severe financial distress (negative net worth, mounting losses, and going concern warnings) remains the primary concern for investors.