Appointment of M/s K.P. Rachchh & Co., Practising Company Secretaries, as Secretarial Auditor of the company in line with SEBI (Listing Obligations and Disclosure Requirements) (Third Amendment) ....
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Gujarat Intrux Limited reported weaker Q1 FY26 results with revenue from operations at ₹1,302.64 lakhs and net profit after tax at ₹194.75 lakhs, down roughly 16% and 25% respectively versus the same quarter last year. Basic EPS stood at ₹5.67 for the quarter. The Board also noted the resignation of statutory auditor M/s. Parin Patwari & Co. effective July 22, 2025, with the firm citing the closure of its proprietorship practice as the reason. In its place, M/s. K.P. Rachchh & Co., Practicing Company Secretaries, has been appointed as the new Secretarial Auditor for a five-year term covering FY2025-26 to FY2029-30, subject to shareholder approval. The Q1 results were reviewed by the audit committee and carry a clean limited review report from the outgoing auditor.
Investors should note a clear YoY decline in both revenue and profitability for Q1 FY26. The midterm exit of the statutory auditor, though attributed to a personal/professional decision rather than a dispute, leaves the company needing to appoint a new statutory auditor soon and is a small governance watch-point.