The Board at their meeting held on today considered the appointment of Internal Auditors of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Scintilla Commercial & Credit Ltd held a meeting on 30th May 2026 and approved the audited financial results for FY 2026 (year ended 31st March 2026). The company reported a net loss of Rs 18.81 Lacs compared to a profit of Rs 3.45 Lacs in the previous year, primarily due to impairment on financial instruments. Revenue from operations increased slightly to Rs 65.02 Lacs from Rs 61.91 Lacs. The Board also appointed M/s. Srimal Jain & Co., Chartered Accountants, as Internal Auditors for FY 2026-27, replacing the previous firm (which was a member of Surajit Roy and Associates network). Statutory auditors remain Surajit Roy & Associates, who issued an unmodified audit opinion.
The company swung to a loss in FY2026, which is a concern for shareholders. The change in internal auditors appears routine, with the new firm having experience in internal audits of diversified corporates. The unqualified audit opinion on financial statements provides some comfort on reporting quality.