Q1 loss narrows, revenue falls sharply, auditor resigns mid-year
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Oswal Leasing's Q1 FY27 (quarter ended June 2026) results show total income falling to Rs 3.63 lakhs from Rs 15.09 lakhs a year ago, a sharp year-on-year decline. Net loss narrowed slightly to Rs 0.21 lakhs from Rs 0.35 lakhs earlier. Statutory auditor V.V. Bhalla and Co resigned, citing inability to allocate time and resources due to other professional work. K R Aggarwal and Associates has been appointed as the new statutory auditor, pending shareholder approval at the AGM. Two independent directors were re-appointed for a second 5-year term. The limited review report carried no qualifications.
Sharp revenue decline persists, though loss narrowed. Mid-year auditor switch with no stated governance concerns is routine but worth monitoring. Small company size limits impact.