Enclosed Intimation regarding re-appointment of Internal Auditors, Independent Directors and an Executive Director of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Digital Services reported FY2026 standalone loss of Rs. 81 lakhs versus profit of Rs. 1,073 lakhs in FY2025. Consolidated profit was Rs. 3,226 lakhs. Revenue from operations stood at Rs. 38,782 lakhs (standalone). The Board recommended dividend of Rs. 1.50 per share (face value Rs. 5), subject to shareholder approval at AGM. Auditors issued a qualified opinion due to non-compliance with Section 186(7) of Companies Act regarding interest-free loans to subsidiaries (Rs. 11,590 lakhs converted to equity). Additional impairment provision of Rs. 3,573 lakhs was recognized. Re-appointed K P M R & Co. as Internal Auditors for FY2026-27. Recommended re-appointment of two Independent Directors (Shakti Kumar Leekha and Anup Kumar Mahapatra) for second 5-year terms, and Sunil Bhatt as Executive Director for 5 years.
The company reported a loss on standalone basis with qualified audit opinion highlighting governance issues around related party loans. Dividend recommendation provides some investor support but governance concerns may weigh on sentiment.