Appointment of Internal Auditor for the FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors at their meeting on April 28, 2026 approved two key items: (1) Audited standalone and consolidated financial results for the second half and full year ended March 31, 2026, with an unmodified audit opinion from statutory auditors Ajmera & Ajmera. (2) Appointment of M/s. Bathiya Advisors LLP as Internal Auditor for FY 2026-27. Standalone profit after tax declined to ₹905.73 lakhs from ₹1,204.18 lakhs in the prior year, while consolidated profit after tax improved to ₹1,581.53 lakhs from ₹1,329.56 lakhs. The company expanded its subsidiary and associate holdings by acquiring additional stakes in Kelvin Air Conditioning (now 60.53% subsidiary) and Advantek Air Systems (now 34.99% associate), and incorporated a wholly-owned foreign subsidiary in UAE. A proposed preferential issue of ₹398.21 lakhs to non-promoters for working capital remains in progress.
The mixed financial performance with standalone PAT declining 25% but consolidated PAT growing 19% suggests the group structure is benefiting from subsidiaries while standalone operations face pressure. Appointment of a new internal auditor indicates routine governance activity with no red flags for investors.