Intimation of change in Secretarial Auditor of the Comoany as attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RO Jewels Limited's Board Meeting on May 30, 2026 approved the standalone audited financial results for Q4 and FY ended March 31, 2026 with net profit of Rs. 0.29 lakh (down from Rs. 17.10 lakh in prior year). The Statutory Auditors M/s Shah Karia & Associates issued a Qualified Opinion citing four key issues: unreliable inventory valuation (Rs. 1,381.84 lakh), inability to confirm trade receivables/payables, inability to verify cash balances, and non-compliant change in depreciation method from WDV to Straight-Line without retrospective application. The Secretarial Auditor M/s Neelam Somani & Associates resigned with immediate effect citing pre-occupation. The Board appointed Priyanshi Jain as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval.
The resignation of the secretarial auditor mid-term and the qualified statutory audit opinion highlight internal control weaknesses in inventory management, receivables verification, and accounting compliance. Shareholders should monitor for adequate replacements and resolution of audit qualifications.