Outcome of Board Meeting to Approve Un-audited Financial Result for the Quarter ended June 30, 2025
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Esaar (India) Limited's board, at a meeting on August 23, 2025, approved the un-audited financial results for the quarter ended June 30, 2025, along with the limited review report from the new auditor. The company also accepted the resignation of its previous statutory auditor, M/s. Sumit Ranka & Associates, effective August 11, 2025, and appointed M/s. B.L. Dasharda & Associates as the new statutory auditor for a five-year term, subject to shareholder approval. The new auditor issued a limited review report with an unmodified opinion but flagged an Emphasis of Matter regarding unpaid creditors of Rs. 220 lakhs relating to share purchases, even though the shares were sold long ago. No specific revenue or profit numbers were shared in this disclosure.
Shareholders should note the mid-year auditor change and the lingering Rs. 220 lakh unpaid creditor flagged by the auditor, which raises a minor governance red flag even though the overall review opinion is clean. Investors may want to watch the detailed Q1 numbers separately before drawing conclusions on financial health.