Nila Infrastructures Limited has informed the Exchange about Announcement Under Regulation 30 - Appointment Of Internal Auditor & Cost Auditor
NILAINFRA · price
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Nila Infrastructures Limited announced its audited financial results for Q4 and FY ended March 31, 2026. The Board meeting held on May 2, 2026 approved standalone and consolidated financial statements. M/s MBD & Co LLP issued an unmodified (clean) audit opinion on the financial results. The company appointed M/s Dhirubhai Shah & Co LLP as internal auditor and M/s Dalwadi & Associates as cost auditor for FY 2026-27. The auditor's report includes an Emphasis of Matter regarding Income Tax Department search operations from September 2021, noting that appellate orders have substantially reduced demands against the Holding Company, while similar appeals for joint ventures remain pending.
The clean audit opinion is positive for shareholders. The unresolved tax appeals for joint ventures add some uncertainty. Appointment of new auditors for the new fiscal year is a routine governance action with no immediate share price implications.