Appointment of Ms. Mounika Bandam as an Internal Auditor
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Epsom Properties' board, at its meeting on August 11, 2025, approved the appointment of Ms. Mounika Bandam as the new Internal Auditor of the company. She is a qualified Company Secretary and finance professional with over 7 years of experience in statutory/internal audits, compliance, and financial reporting, having worked at firms like Genpact India. The board also approved the Q1 FY26 (quarter ended June 30, 2025) unaudited standalone results, which continue to show zero revenue from operations. The company posted a loss of Rs. 8.02 lakhs in Q1 FY26, an improvement from a Rs. 15.57 lakh loss in Q1 FY25. The full-year FY25 loss stood at Rs. 34.12 lakhs. Paid-up equity capital is Rs. 745.28 lakhs, and EPS for Q1 FY26 was -Rs. 0.011.
This is a routine internal auditor appointment with limited direct impact on shareholders. However, the continued zero-revenue status and persistent losses are a concern for this small-cap property developer, suggesting the stock remains a speculative, thinly-traded name.