Re-appointment of Internal Auditor
STLNETWORK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
STL Networks Ltd held its Board meeting on May 7, 2026, and approved the audited financial results for Q4 and FY ended March 31, 2026. For the standalone entity, revenue declined to ₹851.17 crore from ₹1,059.90 crore in the previous year, with the company reporting a net loss of ₹25.64 crore versus a net profit of ₹30.92 crore in FY2025. Operating margin dropped to 10.32% from 13.00% year-on-year. The Board also re-appointed KPMG Assurance And Consulting Services LLP as Internal Auditors for FY 2026-27. Additionally, the company issued 15,000 NCDs worth ₹150 crore (10.25% p.a.) and 10,000 NCDs worth ₹100 crore (10.35% p.a.) during the year, both secured by charges on current and movable fixed assets. Trade receivables include ₹715.53 crore pertaining to slow-moving projects.
The company swung to a loss in FY2026 with declining revenues and margins, indicating operational stress. The re-appointment of the internal auditor is a routine matter with no immediate shareholder impact. However, investors should monitor the high level of slow-moving receivables and debt servicing metrics.