Appointment of Internal Auditor 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 Directors meeting on May 20, 2026 approved three items: (1) Standalone Audited Financial Results for FY 2025-26 showing total income of Rs. 182.94 lakh and net profit of Rs. 23.25 lakh, though the statutory auditor issued a Qualified Opinion citing issues with audit trail software implementation, unverified bank balances with HDFC and Canara Bank, and a reclassification of equity shares from FVTPL to FVTOCI that inflated reported profit by Rs. 72.17 lakh (without which the company would have reported a loss of Rs. 48.93 lakh); (2) Appointment of M/s. A R Rathod & Associates as Internal Auditor for FY 2026-27; and (3) Appointment of Ms. Ankita Singh as Company Secretary and Compliance Officer effective the same date.
The internal auditor appointment is routine governance. However, the Qualified Opinion and the accounting reclassification that masked a potential loss raise concerns about financial transparency and earnings quality. Shareholders should monitor the company's compliance remediation.