Appointment of Cost Auditor and Secretarial Auditor.
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Sharda Ispat Ltd's board, at its meeting on 13 August 2025, approved unaudited financial results for Q1 FY26 (ended 30 June 2025). Revenue from operations fell sharply to Rs. 2,781.96 lakhs versus Rs. 4,775.82 lakhs in Q1 FY25, while net profit dropped to Rs. 28.39 lakhs from Rs. 296.42 lakhs in the same quarter last year. Basic and diluted EPS stood at Rs. 0.56 versus Rs. 5.84 a year ago. The board also approved the re-appointment of M/s. Panpaliya Taori & Co. as Statutory Auditors for a second five-year term (FY 2025-26 to 2029-30), re-appointed M/s. Narendra Peshne & Associates as Cost Auditors for FY 2025-26, and appointed M/s. Sunil Kumar Sharma & Associates as Secretarial Auditors for a five-year term. All auditor appointments are subject to shareholder approval at the 64th AGM.
Weak Q1 print — steep YoY declines in both revenue and profit — could weigh on sentiment, though the auditor re-appointments signal stable governance with no disruption in audit oversight.