Considered and approved re-appointment of Statutory Auditors of the Company M/s. Pattabiramen & Co for a period of 5 years from FY 2025-26 to 2029-30 subject to approval of Shareholders.
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Elango Industries' board, at its August 13, 2025 meeting, approved Q1 FY26 standalone unaudited results showing revenue of Rs. 21.19 lakhs (up sharply from Rs. 1.09 lakhs in Q4 FY25) but a net loss of Rs. 4.89 lakhs (vs Rs. 5.53 lakhs loss in Q4 FY25). The statutory auditor gave a qualified opinion on a Rs. 1.10 crore long-pending electricity subsidy receivable whose recoverability could not be confirmed. Mr. S. Elangovan was re-appointed as Managing Director for 5 years (till August 2030), and Mrs. Ashitha K was appointed as an Independent Woman Director and Chairman of three key committees. Statutory Auditor M/s. Pattabiramen & Co was also re-appointed for 5 years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Routine board housekeeping with no major negative event - promoter-led MD continues, audit firm retained, and one Independent Director retired by end of term. Investors should note the recurring auditor qualification on a Rs. 1.10 crore electricity subsidy recoverable that has been pending for years, which remains a minor governance concern.