Submission of Audited Financial Results for the Financial Year ended 31st March, 2026 and such other agenda discussed thereunder.
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Krupalu Metals Ltd reported audited financial results for FY 2025-26 with Revenue from Operations of Rs 4,277.06 Lakhs, down from Rs 4,838.61 Lakhs in the previous year (approx 11.6% revenue decline). However, Profit Before Tax improved significantly to Rs 388.77 Lakhs from Rs 287.30 Lakhs (35% growth), with EPS at Rs 6.09 versus Rs 5.38 previously. The company declared an unmodified audit opinion. Notably, the statutory auditor M/s K M Chauhan & Associates resigned citing increased audit scope and proposed fee increase, with a concern noted that IPO proceeds utilisation could not be verified. M/s Sunit M. Chhatbar & Co. was appointed as the new auditor to fill the casual vacancy.
Revenue decline of 11.6% is a concern, but strong profit growth and positive EPS suggest improved operational efficiency. The mid-year auditor change and IPO proceeds verification issue may raise red flags for investors regarding governance and fund utilisation transparency.