APPOINTMENT OF INTERNAL AUDITOR FOR F.Y. 2025-26
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The Board of Salora International approved audited financial results for Q4 and FY ended March 31, 2025, along with the appointment of M/s. SCV & Co. LLP as Internal Auditors for FY 2025-26. Statutory Auditors O P Bagla & Co LLP issued an un-modified (clean) opinion on the results. The company also appointed Cost Auditors (Gurvinder Chopra & Co) for FY 2025-26 and recommended Secretarial Auditors (SVR & Co) for a five-year term through FY 2029-30. Loss before tax narrowed to Rs. 171.79 lacs from Rs. 276.79 lacs in the previous year. However, operating cash flow turned sharply negative at Rs. (479.08) lacs compared to a positive Rs. 410.37 lacs last year. Total equity improved to Rs. 3,263.44 lacs from Rs. 2,833.42 lacs. A pending Supreme Court SLP and Delhi High Court writ petition continue as contingent liabilities.
For shareholders: the company posted reduced losses but continues to be loss-making with a significant swing to negative operating cash flow, raising concerns about near-term liquidity despite the clean audit opinion. Pending legal cases remain a watch-item as contingent liabilities.