Intimation of Appointment of Internal Auditor for FY 2026 - 2027 in Board Meeting dated 25th May, 2026
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The Board of Directors of Signature Green Corporation Limited (formerly Sagar Soya Products Limited) met on May 25, 2026, and approved two key items: (1) Audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, with statutory auditors C.P. Jaria & Co. giving an unmodified (clean) opinion; and (2) Appointment of M/s Ajit Jain & Co., Chartered Accountants as Internal Auditors for FY 2026-2027. During the quarter, the company completed 100% acquisition of Arvind Foods Limited, making it a wholly-owned subsidiary, and also approved a draft Scheme of Merger by Absorption with the subsidiary. Standalone profit after tax declined to Rs 19.84 Lakhs from Rs 30.84 Lakhs in the prior year, though EPS stands at Rs 0.55.
The appointment of a new internal auditor and the acquisition of Arvind Foods Limited are routine governance actions. The decline in profitability year-over-year may warrant monitoring, but the clean audit opinion indicates no material concerns.