Resignation of Mr. Durgesh Pandey from the Post of Non-Executive Director of the company
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Ambassador Intra Holdings Limited held a board meeting on 28th May 2026 where three key governance changes were noted. Mr. Durgesh Pandey resigned as Non-Executive Director effective 8th May 2026 citing personal reasons. More significantly, statutory auditor M/s Maark & Associates resigned effective 28th May 2026 after expressing disagreement with the company's decision to not increase audit fees, stating the proposed remuneration would not be commensurate with the audit efforts required under Standards on Auditing. The company appointed M/s S. Mandawat & Co as internal auditor for FY 2026-27. Separately, the company reported audited financial results showing strong revenue growth - total income for FY26 was Rs. 457.65 lakhs versus Rs. 64.19 lakhs in FY25, with net profit of Rs. 107.33 lakhs. However, Q4 showed a loss of Rs. 25.09 lakhs despite being profitable in Q3.
The auditor's mid-term resignation citing fee disputes raises governance concerns and may signal financial stress or disagreements with management. Combined with the director's resignation, investors should monitor for any further board changes or auditor appointments. The company showed strong top-line growth year-over-year, though Q4 profitability declined.