Ganges Securities Limited has informed the Exchange regarding Change in Auditors of the company.
GANGESSECU · price
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On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 1.5 pts more than its Tea & Coffee peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ganges Securities Limited held its Board meeting on May 14, 2026 and approved the audited standalone and consolidated financial results for FY 2025-26. The company reported standalone net profit of Rs 433.64 lakhs compared to Rs 388.54 lakhs in the previous year. On a consolidated basis, net profit stood at Rs 145.76 lakhs versus Rs 506.21 lakhs in FY 2024-25. The Tea Business segment reported a loss of Rs 566.95 lakhs for the year. The Board appointed M/s M Parasrampuria & Co. as Internal Auditors for FY 2026-27. No dividend was recommended for the year. JKVS & Co. continue as the company's statutory auditors, issuing an unmodified opinion on both standalone and consolidated results.
The company continues to be profitable on standalone basis though consolidated profitability declined due to tea business losses. The appointment is for internal auditors only, not statutory auditors, so no governance red flag on auditor change.