Announced Fri, 29 May · 21:09 IST

Re-appointment of Internal Auditor

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₹54.80
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AI summary

Oval Projects Engineering Ltd held its Board Meeting on May 29, 2026, approving the audited financial results for FY 2025-26. On a standalone basis, total income grew 52% to ₹15,685.67 Lakhs while profit after tax rose 58.6% to ₹1,481.39 Lakhs compared to the previous year. Consolidated total income was ₹15,422.49 Lakhs with PAT of ₹1,372.01 Lakhs, representing 47% growth. EPS improved to ₹8.59 (standalone) and ₹7.96 (consolidated). The Board also re-appointed M/s Rahul R. Singh & Associates as Internal Auditor for FY 2026-27 on the Audit Committee's recommendation. The statutory auditor issued an unmodified opinion, and the company noted it was listed on BSE SME Platform only in September 2025, so prior period comparisons are limited.

Likely market impact

Strong financial performance with revenue and profit growth exceeding 50% reflects healthy operations. The clean audit opinion with unmodified reports signals robust internal controls. The continuity of the same internal auditor suggests stable governance practices. As a newly listed SME (September 2025), investors should note the limited trading history.