Submission of outcome of board meeting dated May 29, 2026
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Karnavati Finance Ltd held its board meeting on May 29, 2026 where directors approved the audited standalone financial results for Q4 and full year ended March 31, 2026. The statutory auditor B.B. Gusani & Associates issued an unmodified (clean) opinion on the financial statements, confirming they present a true and fair view. The company also appointed M/s Tejwani & Co. as its new internal auditor for FY 2026-27. The cash flow statement shows positive operating cash generation. The specific revenue and profit figures appear garbled in the filing and cannot be extracted reliably.
The clean audit opinion is positive for shareholders as it indicates no material concerns with financial reporting. The change in internal auditor is an administrative matter with no immediate shareholder impact. The positive operating cash flow is a healthy sign for a finance company.