Appointment of M/S DCJ & Associates as an Internal Auditor of the Company for the financial year 2026-27.
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Chambal Breweries reported nil revenue from operations for FY2026 with total income of just Rs. 3.78 lakhs (down from Rs. 8.95 lakhs). The company posted a net loss of Rs. 19.44 lakhs, more than double the previous year's loss of Rs. 8.32 lakhs. Operating cash flow was negative at Rs. 22.77 lakhs. The statutory auditor issued an unmodified (clean) opinion but included an Emphasis of Matter highlighting going concern uncertainty, as management admits the company is still identifying new plans to start business operations. The company also appointed M/s DCJ & Associates as its new internal auditor for FY2026-27, replacing the previous auditor. The company has accumulated losses of Rs. 656.28 lakhs with negative other equity.
The company is essentially non-operational with mounting losses and negative operating cash flows. The going concern emphasis raises substantial doubt about the company's ability to continue operations without finding new business plans. Shareholders should exercise caution as the company needs to demonstrate a viable revival strategy.