Intimation in Relation to appointment of Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AMS Polymers reported audited standalone FY2026 results with revenue of Rs 10,959.75 Lacs, up 8.6% from Rs 10,096.36 Lacs in FY2025. Profit after tax stood at Rs 78.84 Lacs, marginally higher than Rs 77.02 Lacs in the prior year. The auditors (M/s Roshan Agarwal & Associates) issued an unmodified clean opinion. The Board approved appointment of M/s A Saini & Associates as the new Internal Auditor for FY2026-27, replacing any prior firm. Total assets declined significantly from Rs 736.14 Lacs to Rs 500.75 Lacs, while operating cash flow turned positive at Rs 53.29 Lacs compared to negative Rs 172.19 Lacs in FY2025.
The company posted modest profit growth despite good revenue expansion, with improved cash generation. The change in internal auditor and clean audit opinion provide governance comfort, though shareholders may seek faster profit growth given the 8.6% revenue uptick.