Appointment of Internal Auditor for the Financial year 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Asgard Alcobev (formerly Banganga Paper Industries) reported strong consolidated revenue growth of 74.7% year-on-year to Rs 10,150.68 Lakhs for FY ended March 2026, driven by its acquisition of CMJ Breweries Private Limited (became subsidiary Feb 17, 2026) as the company pivoted from paper to beverages business. However, net profit declined to Rs 148.95 Lakhs from Rs 188.28 Lakhs (down ~21%) due to an exceptional loss of Rs 178.43 Lakhs on disposal of its former subsidiary Banganga Paper Mills Ltd. The company also completed preferential allotments of shares and convertible warrants, significantly expanding its equity base from Rs 1,197.88 Lakhs to Rs 3,115.33 Lakhs. No dividend was recommended. Statutory auditors Batliboi & Purohit issued an unmodified opinion. New internal auditor N C Karnany & Co and secretarial auditor Mrs. Kalpana Srinivasan were appointed for FY 2026-27.
Revenue growth is impressive and validates the business transformation strategy, though the profit decline due to exceptional items and higher finance/operating costs may concern near-term investors. The large equity dilution from preferential allotments will weigh on EPS in the short term.