M/s GMKS & Co has been appointed as statutory auditors of the Company to fill the casual vacancy w.e.f 01.08.2025.
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Covidh Technologies' Board, at its meeting on August 1, 2025, took note of the resignation of statutory auditor M/s V Ravi & Co (FRN: 0006492S) citing pre-occupation, and recommended appointing M/s GMKS & Co (FRN: 139767W) to fill the casual vacancy, subject to shareholder approval. The Board also approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing total revenue of ₹26.52 lakhs and a loss of ₹1.54 lakhs (EPS: ₹-0.05). Other key decisions include appointing Ms. Rinku Saini as a Non-Executive Independent Director, changing the Registrar & Share Transfer Agent from Aarthi Consultants to Skyline Financial Services, and shifting the registered office from Hyderabad to Pune.
The mid-term exit of the statutory auditor (V Ravi & Co) and replacement with GMKS & Co warrants scrutiny by investors, though no governance concerns were flagged in the disclosure. The registered office shift from Hyderabad to Pune and the new RTA are administrative changes. Q1 FY26 financials remain tiny and continue to show losses, indicating the company is still in a low-revenue phase.