Appointment of M/s Sudhir k Associates Chartered accountants as the internal auditor for the financial year ending march 31 2027
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Anka India Ltd held its Board meeting on May 28, 2026, approving audited financial results for Q4 and FY ended March 31, 2026. The company posted consolidated revenue of Rs. 1,887.45 Lakhs (up from Rs. 1,420 Lakhs in FY25), but recorded a net loss of Rs. 46.34 Lakhs (vs loss of Rs. 36.29 Lakhs in FY25). The standalone entity reported revenue of Rs. 59.06 Lakhs and a loss of Rs. 70.85 Lakhs. The statutory auditors issued a qualified opinion citing two concerns: unrecognized goodwill of Rs. 18.96 Crores from consolidation not tested for impairment, and MAT credit of Rs. 35.38 Lakhs being carried as an asset despite the company having a history of losses. The company also appointed M/s Sudhir K & Associates as its internal auditor for FY 2026-27. A subsidiary, Futech Internet Private Limited, is fully owned and included in consolidation.
The qualified audit opinion and ongoing losses indicate financial stress. The unrecognized goodwill and MAT credit treatment raise concerns about asset quality and going concern assumptions, which could negatively impact investor confidence.