Appointment of Internal Auditor for the FY 2026-2027
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Associated Ceramics Limited's Board approved the audited financial results for FY 2025-26 ending 31st March 2026. Revenue grew 5.9% to Rs. 4,440 Lakhs from Rs. 4,194 Lakhs, but Profit After Tax declined 3.8% to Rs. 207.78 Lakhs from Rs. 215.90 Lakhs. The company reported a loss in Q4 FY26 (PAT negative Rs. 19.07 Lakhs) despite profitability for the full year. Statutory auditors M/s. Sanjay Gulab & Co. issued an unmodified opinion. The company has not declared any dividend for FY 2025-26. M/s. Swapna Bhardwaj & Co. has been appointed as internal auditors for FY 2026-27. Borrowings increased significantly to Rs. 317.89 Lakhs from Rs. 150 Lakhs, while cash reserves declined sharply to Rs. 18.45 Lakhs from Rs. 187.71 Lakhs.
Revenue growth is modest at 5.9% while profitability declined, indicating margin compression. The significant increase in borrowings and depletion of cash reserves raise concerns about liquidity. No dividend declaration suggests the company is conserving cash.