Appointment of secretarial Auditor and Internal Auditor of the company
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Munoth Capital Markets Ltd's Board meeting on May 29, 2026 approved the appointment of M/s. Gaurav Bachani & Associates as Secretarial Auditor for FY 2025-26 and M/s. K D N & Associates LLP as Internal Auditor for FY 2026-27. The company also reported audited financial results showing total income of ₹77.27 lakhs for FY2025-26, up from ₹55.91 lakhs in the previous year. However, the company swung to a net loss of ₹17.70 lakhs compared to a net profit of ₹18.43 lakhs in FY2024-25. Other equity declined to ₹111.35 lakhs from ₹128.90 lakhs. The statutory auditor gave an unmodified opinion on the financial statements.
The company reported a significant turnaround from profit to loss in FY2025-26, with other equity declining by about 17%. While auditor appointments are routine governance matters, the financial performance deterioration may concern shareholders.