This is to inform you that the Meeting of board of directors of the Company held today has appointed Sanjonaa & associates , Chartered Accountant as Internal Auditor of the Company for ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nouveau Global Ventures held a board meeting on May 29, 2025, where it approved audited financial results for Q4 and FY ended March 31, 2025. For the full year, total income jumped to ₹149.42 lakhs from ₹50.79 lakhs last year, and the company swung to a profit of ₹57.18 lakhs versus a loss of ₹22.01 lakhs in FY24. However, Q4 alone showed a small loss of ₹1.89 lakhs. The board also appointed M/s. Sanjonaa & Associates as the new Internal Auditor for FY25-26 after the previous auditor's tenure ended, and confirmed an unmodified audit opinion from statutory auditor Ashok Shetty & Co. Total assets shrunk sharply to ₹888.28 lakhs from ₹1,678.66 lakhs, mainly due to a ₹630 lakh drop in the fair value of a long-held investment in Partani Appliances whose shares were suspended on BSE.
Positive full-year turnaround to profit is encouraging, but the Q4 dip, shrinking equity base (down to just ₹39.5 lakhs), and the forced write-down of a suspended stockholding are concerns for shareholders. The internal auditor change is routine and unlikely to move the stock.