Appointment of Secretarial Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kiduja India's board, at its meeting on 28th October 2025, approved the unaudited financial results for the quarter and half year ended 30th September 2025. Revenue from operations for Q2 FY26 stood at ₹1,912.01 lakhs, sharply higher than ₹634.82 lakhs in Q2 FY25, while H1 FY26 revenue was ₹1,921.56 lakhs. However, the company posted a loss before tax of ₹1,532.66 lakhs in the quarter, driven mainly by a ₹1,277.19 lakh loss on sale of investments. The statutory auditor flagged a material uncertainty over the company's ability to continue as a going concern, noting that net worth is negative (other equity of ₹(2,514.67) lakhs), the company has been incurring losses, and liabilities exceed financial assets. Promoters have committed to continue financial support. The board also appointed M/s. Purwar & Purwar Associates LLP as Secretarial Auditor and Mrs. Swara Vayangankar as Internal Auditor for FY 2025-26.
The going concern flag and negative net worth are serious red flags for shareholders, though continued promoter support keeps the business running for now. Stock price may remain volatile given the heavy dependence on investment-trading gains and weak balance sheet. New auditor appointments are routine and carry no major governance signal.