Appointment of Internal Auditor and Secretarial Auditor
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The board meeting on May 30, 2026 approved the appointment of M/s. S P Thakker & Associates as Internal Auditors and CS Bhumika Vipulbhai Ranpura as Secretarial Auditors for FY 2026-27. Both appointments are effective immediately under the Companies Act. The meeting also approved audited financial results for half year and year ended March 31, 2026, with statutory auditors B B Gusani & Associates issuing an unmodified opinion with no qualifications. Total revenue from operations stood at Rs. 827,539 lakhs (approximately Rs. 8.28 crore) for the year, compared to Rs. 763,959 lakhs in the previous year. Net profit after tax for the year was Rs. 441.39 lakhs, up from Rs. 115.14 lakhs in the previous year, showing significant improvement in profitability.
The appointment of auditors is routine and does not indicate any governance concerns. The strong financial performance with near quadrupling of net profit and clean audit opinion with no qualifications is positive for shareholders, suggesting improved operational efficiency.