1. Appointment of M/s I.P Mehta & Co. as internal auditor for 2025-26 2. Appointment of M/s Ashita Kaul & Associates as Secretarial Auditors of the Company for five years
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Ladam Affordable Housing's board, at its May 27, 2025 meeting, approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2025, with statutory auditor D.P. Sarda & Co issuing an unmodified opinion. The board also re-appointed I.P. Mehta & Co as internal auditor for FY 2025-26 and appointed Ashita Kaul & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. On the financials, standalone revenue was nearly flat at Rs. 15.69 lakhs but the company posted a standalone loss of Rs. 8.20 lakhs (vs Rs. 11.92 lakhs loss in FY24). On a consolidated basis, revenue dropped sharply to Rs. 63.06 lakhs from Rs. 104.17 lakhs in FY24, with a consolidated loss of Rs. 5.04 lakhs.
These are routine governance and compliance filings with no change in auditors creating concern. However, the persistent losses and the steep fall in consolidated revenue flag weak underlying business performance, which remains the key risk for shareholders.