The Board took note of the resignation of M/s Sobhani & agarwal as Internal Auditor and considered and approved the appointment of M/s S Bhattacharya & Associates as Internal Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Som Distilleries & Breweries Ltd's Board meeting on May 30, 2026 approved audited financial results for FY2026 ending March 31. Standalone revenue was Rs 82,822 Lakhs (down from Rs 97,101 Lakhs YoY), with profit after tax of Rs 2,399 Lakhs (vs Rs 5,772 Lakhs previous year). The Board noted the resignation of Mr. Mayank Agarwal from M/s Sobhani & Agarwal as Internal Auditor effective the same day, and appointed CA. Shubham Bhattacharya of S Bhattacharya & Associates as the new Internal Auditor. The auditors AKB Jain & Co gave an unmodified opinion. Note 4 mentions ongoing license renewal process for the Bhopal plant per Madhya Pradesh High Court order, with management asserting no material adverse impact on operations.
The change in internal auditors is routine governance; shareholders should note the significant profit decline of about 58% YoY and the ongoing Bhopal plant license uncertainty. However, the clean audit opinion and continuation as going concern are positive signals.