This is to inform that the Board of Directors, at its meeting held today i.e. Thursday, May 28, 2026 inter-alia have considered and approved the following: 1. Audited Financial Results ....
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The Board of Microse India Ltd met on May 28, 2026 and approved the audited financial results for the quarter and year ended March 31, 2026. The company reported revenue from operations of Rs. 136.27 Lacs, a turnaround from a loss of Rs. 180.09 Lacs in the previous year to a profit before tax of Rs. 95.85 Lacs. Total assets declined significantly from Rs. 506.85 Lacs to Rs. 152.97 Lacs, largely due to a sharp reduction in trade receivables from Rs. 424.27 Lacs to Rs. 66.33 Lacs. The Board noted the resignation of M/s Laddha & Laddha as Internal Auditors effective May 31, 2026, and appointed M/s ARK Jain & Associates as the new Internal Auditors for FY 2026-27. The statutory auditor's report included an emphasis of matter noting the company (an NBFC) presented financial results in a format applicable to non-NBFC companies rather than the format prescribed for NBFCs.
The company returned to profitability after significant losses in the previous year, which is a positive signal for shareholders. However, the sharp decline in total assets and trade receivables warrants attention. The mid-term change in internal auditors may raise governance questions among investors.