Re-appointment of M/s. M. R. Sharma & Co., Chartered Accountant as an Internal Auditor of the Company for the financial year 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Glance Finance Ltd reported audited FY2026 results showing a significant revenue decline. Total income fell to Rs 2,585.36 lakh from Rs 3,170.37 lakh in FY2025 (down about 18.5%). Net profit after tax dropped to Rs 492.42 lakh from Rs 837.96 lakh in the previous year, a decline of approximately 41%. EPS for FY2026 stood at Rs 21.83 versus Rs 37.15 in FY2025. The statutory auditors JMT & Associates issued an unmodified (clean) opinion. Additionally, Note 4 discloses that the company identified and corrected prior period errors related to classification and measurement of certain investments, resulting in restatement of earlier period financial results. The Board re-appointed M/s. M. R. Sharma & Co. as Internal Auditor for FY2026-27.
The company experienced a notable decline in both revenue and profitability year-on-year. The restatement of prior period results and revenue decline may raise concerns among investors. However, the clean audit opinion and continued internal auditor engagement indicate no immediate governance red flags.