Re-appointment of M/s. Sandesh Kadam & Associates, Chartered Accountants, as the Internal Auditor of the Company.
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The board of The Ravalgaon Sugar Farm Ltd met on February 11, 2026 and approved two items. First, unaudited financial results for Q3 FY26 and nine months ended December 31, 2025, showing total income of Rs. 41.63 lakhs for the quarter and Rs. 42.12 lakhs for the nine months, against a net loss of Rs. 19.52 lakhs and Rs. 135.07 lakhs respectively. The company continues to report zero revenue from operations during the period. Second, M/s. Sandesh Kadam & Associates, Chartered Accountants, was re-appointed as Internal Auditor for FY 2025-26 at a fixed fee of Rs. 30,000 plus taxes. The results also flag three pending legal/tax disputes: a Rs. 62 lakh gratuity claim, Rs. 23 lakh water-use charge dispute, and a Rs. 231.91 lakh Gram Panchayat tax demand.
Continued losses and absence of operating revenue raise concerns about the company's business outlook, though loss for the period has narrowed compared to the prior year. The internal auditor re-appointment is routine, but ongoing tax and labour disputes worth over Rs. 3 crore remain a contingent risk for shareholders.