Appointment of N Kothari & Associates as Secretarial Auditor of the Company for the FY 2025-26
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Earkart Ltd's board, at its meeting on 14 November 2025, approved the appointment of N Kothari & Associates as the company's Secretarial Auditor for FY 2025-26. The board also authorized an in-principle application for issuing ESOPs under the 'Earkart ESOP Scheme 2025'. Additionally, the company approved its unaudited standalone financial results for Q2/H1 FY26 (ended 30 September 2025). Revenue from operations was ₹2,228.57 lakh (down from ₹2,354.98 lakh in H1 FY25), while profit after tax fell sharply to ₹185.33 lakh from ₹330.53 lakh in the same period last year. Cash and cash equivalents surged to ₹4,490.88 lakh from ₹36.64 lakh, driven by the recently completed IPO which raised ₹4,097.65 lakh in share premium.
The Secretarial Auditor appointment is a routine annual compliance requirement and has no material impact on shareholders. However, the year-on-year decline in revenue and a ~44% drop in profit after tax may be a concern for investors, though the strong post-IPO cash position provides operational flexibility.