The Stock Exchange and stakeholders are requested to take on record the Appointment of Internal and Secretarial Auditors of the Company.
Awaiting price reaction for this filing.
Aris International Ltd reported audited standalone financial results for Q4 and FY ended March 31, 2026. The company posted a net loss of Rs 28.95 lakhs for FY2026, a significant decline from a profit of Rs 4.40 lakhs in FY2025. Total income was Rs 263.34 lakhs. Reserves and surplus dropped sharply from Rs 15,000 to Rs 715 lakhs. The Board also appointed M/s. C C Patil & Co as Internal Auditors and M/s. HRU & Associates as Secretarial Auditors for FY2025-26. Statutory auditors B M Gattani & Co issued an unmodified (clean) opinion on the financial statements. Operating cash flow was marginally positive at Rs 0.63 lakhs.
The sharp swing to net loss and severe depletion of reserves are concerning for shareholders, indicating deteriorating financial health despite the clean audit opinion. The appointment of new auditors appears to be a routine annual change.