Reappointment of the Cost Auditor & Internal Auditor for the Year 2026-27
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RMC Switchgears Limited held a Board meeting on May 29, 2026, approving audited financial results for FY ended March 31, 2026. The company reappointed M/s. DLS and Associates LLP as Internal Auditors and M/s. Deepak Mittal & Associates as Cost Auditors for FY 2026-27. Consolidated revenue grew 26% to Rs. 40,159.24 Lacs, but profit after tax declined 27% to Rs. 2,241.58 Lacs. Standalone PAT fell 48% to Rs. 1,581.71 Lacs. Notably, the company migrated from SME Platform to Main Board of BSE and NSE effective April 1, 2026, and spent Rs. 797.38 Lacs on R&D for a new product called Pulsebox.
The auditor reappointments are routine and indicate continuity in governance. However, the significant decline in profitability (PAT down 27-48%) and EPS reduction from Rs. 29.80 to Rs. 21.18 (consolidated) may concern investors. The migration to Main Board is a positive development for liquidity and visibility.