Appointment of Internal Auditor and Secretarial Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nanavati Ventures Ltd's board meeting on May 30, 2026 approved the appointment of M/s. Appa and Associates as Internal Auditor and CS Bhumika Vipulbhai Ranpura as Secretarial Auditor for FY 2026-27. The company also reported audited financial results for the half-year and year ended March 31, 2026. Total income for FY26 was Rs. 1,867.81 lakh, up from Rs. 891.55 lakh in FY25, showing significant revenue growth. However, net profit dropped to Rs. 7.33 lakh from Rs. 21.86 lakh in the prior year, with EPS declining to Rs. 0.16 from Rs. 0.47. The statutory auditor issued an unmodified (clean) opinion on the financial statements.
The appointment of auditors is routine compliance; revenue growth is positive but declining profitability and EPS may concern investors focused on earnings quality. Cash flow from operations was negative at Rs. 1.81 lakh, indicating potential working capital stress despite higher sales.