Appointment of Secretarial Auditor and Internal Auditor of the Company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Finelistings Technologies Ltd held its Board meeting on May 28, 2026, approving audited financial results for FY2025-26 and making key auditor appointments. The company reported Total Income of Rs. 602.32 Lakhs, significantly lower than Rs. 1,917.95 Lakhs in the previous year. Net Loss improved to Rs. 334.83 Lakhs from Rs. 376.99 Lakhs in FY2024-25. The company appointed M/s. Gaurav Bachani & Associates as Secretarial Auditor for FY2025-26 and M/s. Maharishi Shandilya as Internal Auditor for FY2026-27. The statutory auditor D G M S & Co. issued an unmodified (clean) opinion on the financial statements. IPO funds of Rs. 1,243 Lakhs raised on May 10, 2024 have been deployed as per stated objects with no deviation, though Rs. 8.21 Lakhs remains in escrow for general corporate purposes.
The company continues to operate at a loss though losses are narrowing. The significant revenue decline from Rs. 1,915 Lakhs to Rs. 600 Lakhs raises concerns about business sustainability. The appointment of new auditors and clean audit opinion demonstrates governance commitment. IPO funds utilization appears on track without deviations.