Appointment of Internal Auditors
SMARTLINK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Smartlink Holdings reported strong FY26 results with standalone revenue up 29.4% to Rs 12,547 lakhs and PAT surging over 5x to Rs 1,322 lakhs from Rs 254 lakhs in FY25. Consolidated revenue grew 25.5% to Rs 26,935 lakhs with PAT of Rs 1,315 lakhs (vs Rs 661 lakhs). The company reappointed Marathe Rao & Swarup as internal auditors for FY27 and appointed M S K A & Associates LLP as new statutory auditors for 5 years. An exceptional item of Rs 1,288.36 lakhs represents reversal of impairment in subsidiary Digisol Systems. The board recommended dividend of Rs 2 per share. Statutory auditors issued unmodified (clean) opinion. Operating cash flow turned positive at Rs 407.46 lakhs vs negative Rs 2,916.46 lakhs in FY25.
The company showed turnaround with strong revenue growth and improved profitability, though standalone performance was boosted by a non-recurring impairment reversal. Shareholders can expect dividend if approved at AGM. The appointment of new statutory auditors may indicate rotation practices.