Appointment of Internal Auditors and Tax Auditors of the Company for Financial Year 2026-27.
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Rapicut Carbides Ltd reported a strong turnaround in FY 2025-26 with revenue more than doubling to ₹9,627.95 lakhs from ₹4,198.64 lakhs in the previous year. The company swung from a net loss of ₹232.58 lakhs in FY 2024-25 to a net profit of ₹206.12 lakhs. EPS improved from negative ₹4.33 to positive ₹3.84 per share. The Board approved appointment of M/s RAYS and Associates as Internal Auditors and S M R P & Associates as Tax Auditors for FY 2026-27. Statutory auditors M/s KC Mehta & Co. LLP issued an unmodified (clean) audit opinion on the financial results.
The clean audit opinion and significant revenue growth signal operational improvement and stronger financial health. The appointment of new auditors for the next fiscal year is routine but indicates a potential shift in audit arrangements. Positive PAT turnaround from losses is a strong bullish signal for investors.