Re-appointment of Internal Auditor for the Financial year 2026-2027.
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The company reported FY26 standalone revenue of Rs 4,715.73 Lakhs, down 11% from Rs 5,300.85 Lakhs in FY25, showing a revenue decline. However, profit after tax grew significantly to Rs 1,114.51 Lakhs from Rs 869.13 Lakhs (28.2% increase), beating the 25% growth threshold. EPS improved to Rs 4.48 from Rs 3.50. The statutory auditor issued a clean, unmodified opinion with no going concern doubts. The Board deferred dividend consideration to a future meeting. M/s SKSS & Associates was appointed as the new internal auditor for FY 2026-27, replacing the previous firm. Cash flow from operations more than tripled to Rs 1,346.62 Lakhs. Reserves turned positive at Rs 1,075.06 Lakhs vs negative Rs 39.45 Lakhs previously.
Revenue decline of 11% is a concern, but strong PAT growth of 28% and improved cash flows indicate better cost efficiency. The clean audit opinion and positive reserves improve investor confidence. Dividend deferral may cause some near-term disappointment.