Appointment of M/s. ABHL & Associates as Internal Auditor of the Company for the financial year 2026-2027.
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The Board of Directors of Maestros Electronics & Telecommunications Systems Limited appointed M/s. ABHL & Associates as the company's Internal Auditor for FY 2026-2027, effective May 29, 2026. This is a routine annual appointment with no change in the statutory auditors (M/s. Motilal & Associates LLP continues). The filing also includes audited financial results showing strong performance: standalone revenue grew 35.6% YoY to Rs. 3,917.45 Lakhs, while standalone profit after tax jumped 62.6% to Rs. 712.62 Lakhs. EPS improved from Rs. 7.95 to Rs. 12.93. The statutory auditors issued an unmodified opinion on the annual financial results. No relationship exists between the new internal auditor and any directors.
The appointment of a new internal auditor is standard governance practice and signals continued focus on internal controls. The strong financial results with 62.6% PAT growth are positive signals for shareholders, though the internal auditor appointment itself has neutral impact on stock price.