Outcome of Meeting held on Thursday, May 28, 2026
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The Board of Directors approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported revenue from operations of Rs. 127.32 lakh for FY26, up 9.3% from Rs. 116.50 lakh in FY25. Profit after tax turned around significantly to Rs. 28.95 lakh from a loss of Rs. 15.36 lakh in the previous year. Total assets declined substantially from Rs. 4,244.67 lakh to Rs. 2,614.61 lakh. The board also appointed Mr. Ronak Ranka, a Chartered Accountant with prior experience at PwC and Vedanta Ltd., as Internal Auditor for FY 2026-27. Statutory auditors G RAM and Associates LLP issued an unmodified (clean) opinion on the financial statements.
The turnaround from loss to profit is positive for shareholders, though the significant reduction in total assets warrants monitoring. The clean audit opinion provides comfort on financial reporting quality. The appointment of a qualified internal auditor with Big 4 experience may strengthen governance controls.