The Company in its Board Meeting has approved the Re-Appointment of M/s. Sreekantha & Co., Chartered Accountants as the Internal Auditor of the Company for the Financial Year 2026-27.
AROGRANITE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Aro Granite Industries reported a widened loss of Rs. 1,181.75 lakh for FY 2025-26 compared to a loss of Rs. 642.28 lakh in the previous year. Revenue from operations dropped significantly to Rs. 7,351.59 lakh from Rs. 12,309.05 lakh year-on-year. The company saw losses across both its segments - Quartz Division reported a loss of Rs. 380.94 lakh and Granite Slabs/Tiles Division reported lower profit of Rs. 730.14 lakh. The Board also re-appointed M/s. Sreekantha & Co., Chartered Accountants as Internal Auditors for FY 2026-27. Statutory auditors issued an unqualified opinion on the financial statements.
The significant revenue decline and widening losses are concerning for shareholders. The company is struggling with financial performance, particularly in its Quartz division which has turned loss-making. While the auditor re-appointment is routine, the deteriorating financials may negatively impact the stock price.