The Board of Directors in their meeting held today, have recommended the appointment of Statutory Auditors of the company at the ensuing AGM to be held on September 30, 2025.
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Kush Industries Ltd's Board, at its meeting on July 30, 2025, approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹0.24 lakh with a total loss of ₹2.34 lakh for the quarter, slightly wider than the ₹1.39 lakh loss in Q1 FY25. The 33rd AGM has been scheduled for September 30, 2025 via video conferencing, with e-voting open from September 27–29, 2025. The Board also recommended appointing M/s. P S S P & Co. as Statutory Auditors for five years (FY26–FY30), replacing existing auditors V H Gundarwala & Co. upon completion of their term, and M/s. Nishant Pandya & Associates as Secretarial Auditors for the same period. Both appointments are subject to shareholder approval at the AGM.
Routine auditor rotation after completion of a full five-year term is a regulatory requirement, not a red flag. However, the company continues to post quarterly losses with negligible operating revenue (₹0.24 lakh) and negative reserves of ₹2,209 lakh, signaling persistent operational weakness for shareholders.