Ducon Infratechnologies Limited has informed the Exchange regarding Re-Appointment of N H S & Associates as Other of the company w.e.f. May 29, 2026 as the Internal Auditors
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The Board of Directors of Ducon Infratechnologies Limited met on May 29, 2026 and approved the audited financial results for Q4 and full year ended March 31, 2026. Standalone net profit declined to Rs. 288.90 Lakhs from Rs. 515.61 Lakhs in the prior year (a fall of about 44% YoY), while consolidated net profit fell to Rs. 1,098.46 Lakhs from Rs. 1,354.87 Lakhs (down ~19% YoY). Consolidated revenue also declined to Rs. 41,939.67 Lakhs from Rs. 45,063.07 Lakhs. The statutory auditors, Hitesh Shah and Associates, issued an unmodified opinion. Additionally, N H S & Associates was re-appointed as Internal Auditor for a 3-year term from April 1, 2026 to March 31, 2029.
The significant decline in profitability is a concern for shareholders. Revenue and profit contracted in FY2026 compared to FY2025 on both standalone and consolidated bases. However, clean audit opinion and continued internal audit coverage provide some comfort on governance.