APPOINTMENT OF SCRUTINIZER OF THE COMPANY FOR THE FY 2026-27.
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Awaiting price reaction for this filing.
The board approved unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025), with the company swinging to a loss after tax of Rs. 2.49 lakhs versus a profit of Rs. 30.05 lakhs in the same quarter last year. Revenue from operations fell to Rs. 18.95 lakhs from Rs. 44.53 lakhs a year ago, while total expenses rose to Rs. 28.06 lakhs. For the nine months ended Dec 2025, the company posted a loss after tax of Rs. 16.15 lakhs against a profit of Rs. 31.82 lakhs in the prior-year period. The statutory auditor issued an emphasis-of-matter note flagging inability to verify Rs. 18.73 lakhs of investments due to missing demat statements. The board also extended Nitin Bhatia & Associates as Internal Auditor and appointed Ms. Palak Desai (PCS) as Scrutinizer for FY26-27.
A sharp swing from profit to loss, declining quarterly revenue, and an auditor flag on unverifiable investments are negative signals for retail shareholders and could weigh on the stock. The governance red flag around missing investment documents is worth watching closely.