Appointment of Internal Auditor for the F.Y 2026-27
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Samsrita Labs Limited's board meeting on May 29, 2026 approved the appointment of M/s Tungala & Co., Chartered Accountants as Internal Auditors for FY 2026-27. The meeting also approved audited financial results showing significant losses - standalone net loss of Rs 868.60 lakhs for FY 2025-26 compared to Rs 25.95 lakhs loss in the previous year. The company wrote off long-outstanding sundry creditors of Rs 3.15 lakhs and irrecoverable trade receivables of Rs 2.09 crore from Mangala Savitri Bizcon Private Limited. Cash position improved to Rs 162.88 lakhs from Rs 0.24 lakhs last year. The statutory auditors MGR & Co. issued an unmodified opinion on the financial statements.
The appointment of a new internal auditor is a routine governance action and should strengthen internal controls. However, the significant increase in losses and substantial bad debt write-offs may concern investors about the company's financial health.