Appointment under Regulation 30(LODR) - Appointment of Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pervasive Commodities Ltd held a Board meeting on 27th May 2026 where two key decisions were made: (1) The company appointed M/s. Sarang Shivajirao Chavan and Associates as Internal Auditor for FY 2026-27. (2) The audited financial results for Q4 and full year ended March 31, 2026 showed revenue of Rs. 4,306.07 Lakhs (up from Rs. 3,027.60 Lakhs YoY), but the company reported a net loss of Rs. 4.31 Lakhs compared to a profit of Rs. 8.88 Lakhs in the previous year. The auditors flagged significant concerns including substantial losses from destroyed perishable stock-in-trade without insurance coverage, irregular statutory dues deposits, and unreconciled loans/advances of Rs. 2,459.45 Lakhs.
The appointment of a new internal auditor signals усиление внутреннего контроля (strengthening of internal controls), which could be positive for governance. However, the flagged auditor concerns about uninsured inventory losses and irregular statutory compliance represent red flags for shareholders and may impact investor confidence negatively.