BSEBloom Industries LtdMediumNeutral
Announced Tue, 26 May · 15:33 IST

Pursuant to Reg 30 of SEBI (LODR) Regulations, 2015 we are enclosing herewith the disclosures regarding Completion of tenure of Internal Auditor and Appointment of Company Secretary( KMP) ....

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Bloom Industries Ltd held its Board Meeting on May 26, 2026 to approve audited financial results for FY 2025-26. The company reported total income of Rs. 1,547.72 lakhs (down from Rs. 2,373.91 lakhs YoY) but net profit increased to Rs. 115.32 lakhs from Rs. 49.41 lakhs. The Board noted completion of tenure and resignation of Internal Auditor M/s Pawan Shyam Associates (appointed for FY 2025-26) effective May 25, 2026. Simultaneously, Mrs. Puja Shaw (ACS 38493) was appointed as Company Secretary and Compliance Officer (KMP) effective May 26, 2026, bringing 10 years of experience in corporate secretarial and compliance matters. However, the Auditor's Report flagged significant statutory defaults: the company has not filed GST returns since May 2025 (GST registration cancelled December 6, 2025), nor filed TDS returns or deposited TDS for the entire financial year, exposing the company to potential penalties and interest liabilities.

Likely market impact

While the appointment of a qualified Company Secretary strengthens compliance governance, the auditor's qualification regarding GST and TDS defaults raises serious red flags about regulatory compliance and potential financial exposure from unrecorded statutory liabilities. Shareholders should monitor the company's compliance status closely.