Appointment of M/s Motilal & Associates LLP as Statutory Auditor of the Company subject to the Approval of the Shareholders
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Risa International's board, meeting on August 13, 2025, approved the appointment of M/s. Motilal & Associates LLP as the new Statutory Auditor for a five-year term (FY 2025-26 to 2029-30), subject to shareholder approval at the upcoming AGM. This follows the cessation of M/s. AM S & Co as auditor after completing their five-year tenure — this is a routine rotation, not a mid-term exit. The board also approved unaudited Q1 FY26 results, showing a sharply reduced net loss of Rs. 14.89 lakhs compared to a Rs. 119.92 lakh loss in Q1 FY25. The 31st AGM is scheduled for September 22, 2025 via video conferencing. The company's other equity remains deeply negative at Rs. (3,554.67) lakhs against share capital of Rs. 3,190.01 lakhs, indicating accumulated losses.
Routine auditor rotation with no governance red flags; the narrowed Q1 loss is a modest positive, though the deeply negative net worth remains a concern for shareholders.