Outcome of Board Meeting held on 28th May, 2026
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Ambassador Intra Holdings Ltd held its Board Meeting on 28th May, 2026 and approved the standalone audited financial results for FY2026. The company reported total income of Rs. 457.65 Lakhs, a significant jump from Rs. 64.19 Lakhs in the previous year. However, the company posted a net loss of Rs. 8.70 Lakhs for the year compared to a profit of Rs. 16.48 Lakhs in FY2025, largely due to increased finance costs of Rs. 34.34 Lakhs. The auditors M/S MAARK & ASSOCIATES issued an unmodified opinion on the financial statements. The meeting also noted the resignation of Non-Executive Director Mr. Durgesh Pandey (effective 8th May, 2026) due to personal reasons, and the resignation of Statutory Auditors M/S MAARK & ASSOCIATES (effective 28th May, 2026) citing disagreement over audit fees. The board appointed M/S S. MANDAWAT & CO as the new Internal Auditor for FY 2026-27.
While revenue has grown significantly, the company reported a net loss for the year with higher finance costs. The resignation of both a director and the statutory auditor (over fee disputes) may raise concerns about corporate governance. The appointment of a new internal auditor maintains the audit framework.