Take a Note on Resignation of Mr. Durgesh Pandey from the post of Non Executive Director of the Company at the Board meeting held on 28-05-2026 (Earlier intimated dated 08-05-2026)
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Ambassador Intra Holdings Limited held a board meeting on May 28, 2026, which addressed several significant changes. Mr. Durgesh Pandey resigned as Non-Executive Director effective May 8, 2026, citing personal reasons. Separately, statutory auditors M/s Maark & Associates also resigned effective May 28, 2026, citing disagreement over audit fees — they stated the proposed remuneration would not be commensurate with the efforts required for audit compliance. The company appointed M/s S. Mandawat & Co as the new internal auditor for FY 2026-27. The audited financial results show total income of Rs. 457.65 Lakhs for FY2026 with net profit of Rs. 8.70 Lakhs (though Q4 showed a loss of Rs. 25.09 Lakhs). Total Comprehensive Income for FY was Rs. 107.33 Lakhs, up from Rs. 16.48 Lakhs in FY2025. Total assets nearly doubled to Rs. 994.58 Lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial statements.
The dual departures of a director and the statutory auditor on the same day, with the auditor citing fee disputes, could raise governance concerns for investors. The financial results show improved profitability year-on-year, but the Q4 loss and auditor changes warrant monitoring of audit quality and corporate governance practices.