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Hawa Engineers Ltd held a board meeting on July 22, 2025, where it approved two key items. First, the company announced the appointment of M/s Yusuf C. Mansuri & Co., Chartered Accountants (FRN: 111768W) as the new Statutory Auditor, replacing M/s N.M. Pathak & Co., whose term is concluding at the upcoming Annual General Meeting. This is a routine auditor rotation following the completion of the existing auditor's term, subject to shareholder approval. Second, the board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs 2,451.65 lakhs, down from Rs 2,772.81 lakhs in the same quarter last year. Despite lower revenue, net profit rose to Rs 47.87 lakhs from Rs 39.62 lakhs, with EPS of Rs 1.36 versus Rs 1.12 year-on-year.
The auditor change is a routine rotation at term completion and not a mid-term resignation, so it carries no negative governance signal. Profitability improved despite a revenue dip, which is mildly positive for shareholders, though the top-line decline warrants attention.