Intimation for appointment of M/s Mohan Gupta & Co., Chartered Accountants as Internal Auditor of the Company for FY 2025-26.
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The Board of Directors approved the appointment of M/s Mohan Gupta & Co., Chartered Accountants (a peer-reviewed firm established in 1986) as the Internal Auditor of the company for FY 2025-26, for a one-year term. The Board also approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at ₹8,554.40 lakhs, slightly up from ₹8,473.93 lakhs in the same quarter last year. However, profit after tax dropped sharply to ₹95.71 lakhs (from ₹234.60 lakhs in Q1 FY25), and EPS fell to ₹0.53 from ₹1.31. The decline was mainly driven by higher finance costs (₹188.57 lakhs vs ₹75.44 lakhs) and increased power & fuel expenses. The liquor segment continues to be the main revenue and profit driver, while the edible oils segment remained in the red.
Routine internal auditor appointment is a standard governance requirement with no material impact. However, the sharp drop in quarterly profit — nearly 60% YoY — on rising finance and power costs may be a concern for shareholders and could weigh on near-term sentiment.