This is to inform that the Board at its meeting held today, have approved appointment of Internal Auditor of the Company for the Financial 2025-26.

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AI summary

Mukta Agriculture's board, at its meeting on 27 May 2025, appointed M/s. Sanjonaa & Associates as the new Internal Auditor for FY 2025-26 after the previous auditor's tenure ended. Along with this, the board approved the audited financial results for Q4 and FY ended 31 March 2025. The company reported no revenue from operations and only Rs 17.28 lakh of other income in FY25, down sharply from Rs 39.90 lakh in FY24. Net loss for FY25 narrowed to Rs 15.75 lakh from Rs 193.26 lakh in FY24, helped by the absence of a one-time exceptional loss (Rs 199.22 lakh) that had hit the previous year. The statutory auditor, Sunil Vankawala & Associates, issued an unmodified opinion on the results.

Likely market impact

The internal auditor change appears routine, but shareholders should note the company has no operating revenue, continues to post losses, and its earnings depend entirely on other income. The reduced loss and absence of fresh exceptional charges are mildly positive, though the underlying business remains unprofitable.