appointment of mr. vishal mehta as a internal auditor & appointment of Tadhani niketan g. as a cost auditor
SRTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shree Ram Twistex Limited held its Board meeting on May 13, 2026, and approved the audited financial results for FY2026 ending March 31. The company reported net profit of Rs 1,416.51 lakhs, a significant jump of 77% from Rs 799.59 lakhs in the previous year. Revenue from operations stood at Rs 27,289.35 lakhs. As part of governance updates, the board appointed Mr. Vishal H. Mehta as Internal Auditor and Mr. Tadhani Niketan Govindbhai as Cost Auditor for FY 2026-27. The company also filed a statement confirming no deviation in the use of IPO proceeds of Rs 11,024 lakhs, with funds being deployed towards solar/wind power plants, debt repayment, and working capital as planned. Statutory auditors Doshi & Doshi & Co issued an unmodified opinion on the financial statements.
Strong profit growth and clean audit opinion are positive signals for investors. The appointment of both internal and cost auditors indicates enhanced governance controls. IPO fund utilization is on track with no deviations reported.