Please see enclosed the information regarding appointment of Internal Auditors for financial year 2026-27
TBOTEK · price
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TBO Tek Limited's Board of Directors met on May 28, 2026 and approved: (1) appointment of M/s. Grant Thornton Bharat LLP as Internal Auditors for FY 2026-27, (2) audited standalone financial results showing revenue of INR 5,838.27 Mn and profit before tax of INR 757.18 Mn for FY ended March 2026, and (3) re-appointment of Mr. Ravindra Dhariwal, Mr. Rahul Bhatnagar and Ms. Anuranjita Kumar as Non-Executive Independent Directors for a second term subject to shareholder approval. The auditors issued an unmodified opinion on the financial results. The company also disclosed pending FEMA adjudication proceedings regarding alleged foreign exchange violations of INR 712.25 Mn. During the year, TBO LLC completed acquisition of Classic Vacations LLC for USD 125 Mn.
Appointment of Grant Thornton as internal auditors indicates continued focus on governance. Re-appointment of independent directors provides board stability. The FEMA matter remains a contingent liability but management is contesting it. Strong financial results with ~6% revenue growth year-over-year are positive for shareholders.