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Cfo ResignedAuditor Resigned MidtermManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

The Board approved audited financial results for Q4 and FY ended March 31, 2026. Full year revenue was Rs. 90.29 Lakhs (down from Rs. 822.25 Lakhs in prior year) with net profit of Rs. 26.93 Lakhs, though total comprehensive income declined to Rs. 29.62 Lakhs. Two key KMP resignations occurred: Mr. Akhileshwar Singh (Company Secretary & Compliance Officer) and Mr. Jamuna Prasad Sharma (CFO). Mr. Madhav Agarwal was appointed as the new CFO. The company also wrote off Rs. 257.78 Lakhs of receivables and Rs. 275.29 Lakhs of trade payables citing long-term Covid-19 impact. The auditors flagged non-regularity in statutory dues payment, unfiled TDS returns, unreconciled debtors/creditors, and a Rs. 5 lakh unaccounted SEBI penalty.

Likely market impact

The dual KMP departures (CFO and Company Secretary) within the same filing raise governance concerns, particularly combined with auditor red flags on statutory compliance and undisclosed liabilities. The large write-offs also indicate potential historical accounting issues.