Re-appointment of M/s Shah and Shahpatel as an Internal Auditor of the Company for carrying out the internal audit for the financial year 2026-27.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Autoriders International Ltd held its Board Meeting on 21st May 2026 and approved two key items: (1) Audited Financial Results for Q4 and Full Year 2025-26, and (2) Re-appointment of M/s Shah & Shahpatel as Internal Auditor for FY 2026-27. For the year ended March 2026, total income grew 16% to Rs 10,173 lakhs from Rs 8,767 lakhs, while net profit after tax increased 8% to Rs 904 lakhs from Rs 839 lakhs. EPS stood at Rs 26.17 (vs Rs 140.03 in FY25), reflecting a significant increase in paid-up capital from Rs 58 lakhs to Rs 348 lakhs. The statutory auditors issued unmodified opinions on both standalone and consolidated financial statements. The auditors flagged two emphasis of matters: a Rs 300 lakh loan to a group company that has ceased to be a going concern (no provision made), and old income tax balances pending reconciliation.
The re-appointment of the existing internal auditor is a routine governance action with no material impact on shareholders. The company showed healthy revenue and profit growth for FY2026, though the EPS decline due to capital expansion may limit immediate stock price appreciation.