Appointment of Internal Auditor and Cost Auditor
NILASPACES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nila Spaces Ltd held its Board meeting on May 7, 2026 and approved the audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue grew 36% to Rs 18,501.84 lakhs (FY25: Rs 13,480.22 lakhs), while PAT more than doubled to Rs 1,520.12 lakhs (FY25: Rs 720.12 lakhs). Consolidated PAT rose to Rs 2,875.77 lakhs (FY25: Rs 1,161.49 lakhs). The Board also appointed Mr. Deep S. Vadodaria as Chairman and Managing Director, Mr. Prashant H. Sarkhedi as Whole-Time Director, M/s M P Doshi & Associates as Internal Auditor, and M/s Dalwadi & Associates as Cost Auditor for FY 2026-27. Statutory auditors issued an unmodified (unqualified) opinion on both standalone and consolidated results. The company's entire operations constitute a single segment — Construction and Development of Building for sale and Real Estate activities.
Strong PAT growth of over 100% year-over-year signals robust profitability, though revenue expansion at 36% falls just below the 20% revenue growth threshold. Unqualified audit opinions with no going concern issues provide positive assurance to investors. New auditor appointments and leadership restructuring may signal a renewed governance focus.