APPOINTMENT OF INTERNAL AUDITOR OF THE COMPANY FOR THE FY 2026-27.
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Awaiting price reaction for this filing.
Regal Entertainment & Consultants Ltd's board, meeting on 27 January 2026, approved three items. First, unaudited standalone results for Q3 FY26 (quarter ended 31 Dec 2025) showing revenue from operations of Rs. 18.95 lakhs (down from Rs. 44.53 lakhs in Q3 FY25) and a loss after tax of Rs. 2.49 lakhs versus a profit of Rs. 30.05 lakhs in the year-ago quarter. For the nine months ended Dec 2025, the company swung to a loss after tax of Rs. 16.15 lakhs from a profit of Rs. 31.82 lakhs a year earlier. Second, the board extended the term of M/s Nitin Bhatia & Associates as internal auditor for FY 2026-27. Third, Ms. Palak Desai, Company Secretary in Practice, was appointed as scrutinizer for FY 2026-27. The statutory auditor (Rajesh Raj Gupta & Associates LLP) issued a limited review with an emphasis of matter flagging their inability to verify investments of Rs. 18.73 lakhs due to non-availability of demat statements and supporting documents.
The sharp swing into losses, deteriorating quarter-on-quarter revenue, and the auditor's emphasis of matter on unverifiable investments are negative signals for shareholders and may weigh on the stock. Routine governance items (internal auditor extension, scrutinizer appointment) are non-events by themselves.