The Details of Appointed Auditor is enclosed.
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Awaiting price reaction for this filing.
Sawaca Enterprises' board, meeting on August 13, 2025, approved unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 846.86 lakhs, down from Rs. 1,704.85 lakhs in the same quarter last year but better than the Rs. 965.66 lakhs reported in the preceding quarter. The company swung to a small net profit of Rs. 4.37 lakhs versus a loss of Rs. 173.75 lakhs in Q4 FY25. The board also appointed M/s Shah Sanghvi & Associates, Chartered Accountants (Ahmedabad), as the new statutory auditor for a 5-year term, replacing M/s M A A K & Associates whose term ended. The appointment is subject to shareholder approval at the upcoming AGM and is driven by mandatory auditor rotation under the Companies Act, 2013.
Routine compliance event — the auditor change is a scheduled mandatory rotation, not a red flag. Q1 results show weak top-line but a return to profitability, which may be mildly positive for sentiment.