Outcome of Board Meeting of the Company held on 28th May, 2026
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The board approved the standalone audited financial results for Q4 and FY ended March 2026. For FY2026, the company reported total income of Rs. 457.65 Lakhs and a net loss of Rs. 8.70 Lakhs (vs profit of Rs. 16.48 Lakhs in FY2025), though Total Comprehensive Income was Rs. 107.33 Lakhs. Q4 showed a loss of Rs. 25.09 Lakhs. Total assets more than doubled to Rs. 994.58 Lakhs from Rs. 471.62 Lakhs. The statutory auditor issued an unmodified (clean) opinion, though noting that certain balances require management confirmation. Key changes include the resignation of Non-Executive Director Mr. Durgesh Pandey (personal reasons, effective May 8, 2026), resignation of statutory auditor M/s Maark & Associates (fee disagreement effective May 28, 2026), and appointment of M/s S. Mandawat & Co as Internal Auditor for FY 2026-27.
The company turned profitable on comprehensive income basis despite net loss, showing strong asset growth. However, the simultaneous resignation of both the statutory auditor (over fee disputes) and a director may raise governance concerns among investors. The clean audit opinion on financials is positive for shareholder confidence.