Announced Fri, 7 Aug, 2026 · 17:39 IST
Board approves Q1 FY27 results, appoints new statutory auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved Q1 FY27 results: PAT Rs 579.94 lakhs vs Rs 592.05 lakhs YoY, total income Rs 892.74 lakhs. Appointed M/s. Ashish Bang & Co. as new statutory auditor for 5 years replacing JMT & Associates. Auditor issued qualified opinion as gratuity provision was not based on actuarial valuation under Ind AS 19. Prior period results also restated due to Ind AS 109 investment classification errors.
Likely market impact
Auditor change with qualified opinion and prior period restatement raise governance concerns. Q1 PAT is slightly lower YoY though PBT is broadly flat.