Announced Wed, 22 Jul · 18:26 IST
Board approves Q1 results and new statutory auditor appointment
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-4.9%1-day move
₹5.55
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AI summary
Board approved Q1 FY27 results (quarter ended June 30, 2026) showing net profit of Rs 9.75 lakhs on total income of Rs 12 lakhs (other income, no operational revenue). Also recommended appointing M/s. VCA & Associates as new statutory auditors for 2 years, replacing M/s. P R Agarwal & Awasthi whose term expires at the upcoming AGM. Other equity stands negative at Rs 1,053.50 lakhs.
Likely market impact
Routine auditor rotation at end of term; Q1 profit driven solely by other income with no core revenue, negative reserves remain a concern.