Based on the recommendation of Audit Committee, the Board has approved the appointment of M/s S S Kothari Mehra & Co. LLP, Chartered Accountants as Statutory Auditors of the Company for ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Apis India Limited reported consolidated revenue of Rs. 39,627.75 lakhs for FY2026, up 11.9% from Rs. 35,417.45 lakhs in FY2025. Standalone PAT grew 15.4% to Rs. 2,425.67 lakhs from Rs. 2,102.08 lakhs, while consolidated PAT remained flat at Rs. 2,532.18 lakhs. The Board approved appointment of M/s S S Kothari Mehta & Co. LLP as new statutory auditors for 5 years, replacing GAMS & Associates. Auditors issued unmodified opinions on all financial results. Emphasis of matter was raised on disputed trade receivables of Rs. 358.99 lakhs and foreign exchange delays of Rs. 524.03 lakhs under FEMA. Cash generated from operations was Rs. 1,413.62 lakhs, up 81.5% YoY.
Revenue growth of ~12% is positive but below the 20% threshold, and PAT growth of ~15% on standalone basis is below 25% growth expectations. The disputed receivables and FEMA delays flagged by auditors warrant monitoring as potential contingent liabilities. The auditor change is routine and should not impact the positive financial trajectory.