Appointment of Internal Auditor for the financial year 2026-27
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Nutech Global Ltd reported audited standalone financial results for FY ended March 2026. Revenue from operations increased to Rs. 4,070.83 lakhs from Rs. 3,510.94 lakhs in the previous year, representing approximately 16% growth. The company swung from a net loss of Rs. 29.11 lakhs in FY2025 to a net profit of Rs. 15.73 lakhs in FY2026, a significant turnaround. EPS improved from Rs. -0.91 to Rs. 0.49. The Board also approved appointment of M/s. S P Kacholiya & Associates as Internal Auditor for FY 2026-27. Statutory auditors issued an unmodified (clean) opinion on the financial statements. However, operating cash flows remained negative at Rs. -35.04 lakhs for the year, similar to prior year's Rs. -29.67 lakhs, indicating continued working capital challenges despite profitability improvement.
The turnaround from loss to profit with a clean audit opinion is positive for shareholders, though the small profit margin and negative operating cash flows suggest the company still faces operational challenges. The appointment of a new internal auditor is routine compliance and not a concern.