Intimation for Appointment of Secretarial Auditor & Internal Auditor of the Company.
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Dev Labtech Venture Limited held its Board Meeting on 29th May 2026 and approved the audited standalone and consolidated financial results for FY ended 31st March 2026. The auditors issued an unmodified opinion on both reports. Standalone performance shows revenue of Rs 5,929.78 Lakhs with minimal net profit of Rs 0.61 Lakhs (down from Rs 129.38 Lakhs), while consolidated results show strong growth with revenue of Rs 16,718.13 Lakhs and net profit of Rs 956.88 Lakhs, boosted by the newly acquired UAE subsidiary (Dev Labtech Trading FZCO). The company also appointed Mr. Ricky Kapadia as Secretarial Auditor and Mr. Rajendrasinh Gohil as Internal Auditor for FY 2026-27. Additional corporate actions include share split (Rs 10 to Rs 5 face value), 1:1 bonus issue, and increase in authorized capital to Rs 25 Cr.
Consolidated results show impressive 219% revenue growth driven by the UAE subsidiary acquisition, while standalone profit declined significantly. The unmodified audit opinion and new auditor appointments signal good governance. Shareholders should note the substantial difference between standalone and consolidated financials due to the new subsidiary's contribution.