Appointment of Internal Auditor for the Financial Year 2026-27
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Swojas Foods Ltd's Board meeting on May 22, 2026 approved appointment of Mr. Ravi Yashwantbhai Patel as Internal Auditor for FY 2026-27. The meeting also approved audited standalone financial results showing total revenue of Rs 14,617.93 lakhs for FY2026, up 103% from Rs 7,211.23 lakhs in FY2025. However, profit after tax declined significantly to Rs 88.94 lakhs from Rs 285.79 lakhs, while EPS fell to Rs 0.28 from Rs 0.92. The statutory auditor issued an unmodified opinion but flagged two minor issues: an outstanding income tax demand of Rs 0.86 lakhs and a duplicate sales invoice that was rectified in books but GST returns not yet amended. The company also completed conversion of 77 lakh warrants into equity shares during the year.
The appointment of a new internal auditor is a routine governance action with no immediate shareholder impact. The sharp decline in profitability despite strong revenue growth may concern investors, though the company maintains adequate internal controls as evidenced by the unmodified statutory audit opinion.