Lexus Granito (India) Limited has informed the Exchange regarding Appointment of Savjani & Associates as Internal Auditor of the company w.e.f. May 30, 2026.
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Lexus Granito reported FY2025-26 results with revenue declining 17.8% to Rs. 6,187.56 lakhs from Rs. 7,525.03 lakhs. However, the company turned profitable with PAT of Rs. 90.04 lakhs compared to a loss of Rs. 547.08 lakhs in the previous year. The board also appointed Savjani & Associates as the new Internal Auditor for FY 2026-27. The statutory auditor Keyur Shah & Associates issued an unmodified opinion. During the quarter, the company allotted 3,00,000 equity shares upon conversion of warrants at Rs. 45.20 per share, raising Rs. 1.02 crore. Other equity improved significantly from negative Rs. 1,582.78 lakhs to negative Rs. 254.96 lakhs.
Revenue decline is a concern, but the company returned to profitability this year. Shareholders should note the continued negative book value and high finance costs of Rs. 403.62 lakhs that weigh on earnings.