Based on the recommendation of Audit Committee the Board has approved the reappointment of M/s Gopal Chopra & Associates, Chartered Accountants as Internal Auditors of the Company to conduct ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apis India Ltd reported audited consolidated total income of Rs. 39,627.75 lakhs for FY2026, up 11.9% from Rs. 35,417.45 lakhs in FY2025. Consolidated PAT stood at Rs. 2,532.18 lakhs (vs Rs. 2,533.65 lakhs), essentially flat year-on-year. Standalone PAT grew 15.4% to Rs. 2,425.67 lakhs from Rs. 2,102.08 lakhs. The Board approved appointment of new statutory auditors M/s S S Kothari Mehta & Co. LLP for 5 years, replacing GAMS & Associates LLP. M/s Gopal Chopra & Associates was reappointed as Internal Auditors for FY2026-27. Statutory auditors issued an unmodified (clean) opinion. Auditors drew attention to disputed trade receivables of Rs. 358.99 lakhs with ECL provision of Rs. 720.85 lakhs, and delays in export proceeds under FEMA regulations pending regularization.
Revenue growth of ~12% is positive but below expectations; PAT remained flat on consolidated basis. The new auditor appointment and emphasis of matters on disputed receivables and FEMA compliance issues may create near-term uncertainty for investors.