Please find attached intimation with regards to appointment of Internal Auditor of the Company.
Awaiting price reaction for this filing.
Univa Foods Ltd's Board meeting on 26th May 2026 approved two key items: (1) Audited standalone financial results for Q4 and FY ended 31st March 2026 showing revenue of Rs. 15 lakhs for the quarter and a net loss of Rs. 12.86 lakhs for the full year (improved from previous year's loss of Rs. 20.84 lakhs), with statutory auditors B. M. Gattani & Co. issuing an unmodified opinion. (2) Appointment of M/s. Akash Prajapati and Company, Chartered Accountants as Internal Auditors for FY 2025-26 and 2026-27. The company continues to have negative shareholders' equity of Rs. 88.45 lakhs, indicating accumulated losses exceeding share capital.
The appointment of a new internal auditor strengthens governance controls. However, the company's negative equity position and persistent losses remain concerns for investors. The improved year-on-year performance (reduced losses) is a positive signal.