Please find the attaced outcome of Board Meeting held on 15th May, 2026 in which company has appointed Internal Auditor for the FY 26-27
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Retaggio Industries Ltd reported strong financial results for FY26 with revenue from operations jumping to Rs 8,398.45 Lakhs from Rs 2,349.21 Lakhs in FY25 (257% YoY growth). Profit after tax surged to Rs 894.68 Lakhs from Rs 243.29 Lakhs (268% growth). However, operating cash flow turned deeply negative at Rs 2,524.19 Lakhs versus positive Rs 68.06 Lakhs in FY25, indicating significant working capital stress. Trade receivables nearly tripled to Rs 4,936.55 Lakhs while short-term loans and advances jumped to Rs 1,558.36 Lakhs from Rs 96.72 Lakhs. The company also raised Rs 880 Lakhs via equity issuance and Rs 1,073.04 Lakhs via convertible warrants. Statutory auditors Gopal Agarwal & Co. issued an unmodified opinion. The Board also appointed Mr. Vinaykumar Kadedeen Yadav as Internal Auditor for FY27 and approved Rs 200 Crore borrowing limits.
While profit and revenue growth are impressive, the severe negative operating cash flow despite profitability raises concerns about working capital management and potential earnings quality issues. Shareholders should monitor receivables collection and cash conversion.