Crown Lifters Limited has informed the Exchange regarding Appointment of the Internal Auditors & Secretarial Auditor of the company w.e.f. August 11, 2025.
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Crown Lifters Limited held a board meeting on 11 August 2025 and approved its unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), reporting revenue from operations of Rs 1,006.92 lakhs and net profit of Rs 280.88 lakhs, compared to Rs 763.44 lakhs and Rs 1,095.66 lakhs in Q1 FY25 (the latter inflated by a one-time exceptional gain of Rs 1,228.04 lakhs from a change in depreciation policy). The board re-appointed M/s. Mehul N Mehta & Associates as Internal Auditor for FY 2025-26, and recommended the appointment of M/s. Ronak Doshi & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to 2029-30), subject to shareholder approval. The 23rd Annual General Meeting is scheduled for 25 September 2025 via video conferencing.
Routine corporate governance update with no material red flags. The re-appointment of the existing internal auditor and the long-term appointment of a new secretarial auditor signal continuity in compliance oversight. The Q1 results show stable core operations, though the year-on-year net profit decline is due to the non-recurring exceptional item in the base quarter, not deterioration in business performance.