Auditor and Company Secretary resign; Q1 FY27 results approved
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Board approved Q1 FY27 results with revenue of Rs. 1.035 million versus Rs. 0.021 million in Q1 FY26, and profit of Rs. 0.649 million against a loss of Rs. 0.566 million. Statutory auditor Narasimha Rao and Associates resigned effective August 13, 2026 citing manpower constraints, explicitly stating no disagreement with management. G. Nagendra Sundaram and Co. appointed as new auditor, pending shareholder approval. Company Secretary Nisha Nagaraj Rao also resigned effective July 31, 2026.
Auditor switch is procedural with no governance red flags. Q1 swung to profit. Monitor promoter re-classification outcome.