Re-appointment of Internal Auditors of the Company and Appointment of Statutory Auditors for a period of five consecutive years from the conclusion of ensuing 14th AGM till the conclusion ....
TRACXN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tracxn Technologies held a board meeting on May 25, 2026 approving multiple items. The company reported audited FY2026 results with total income of Rs 9,014 Lakhs (vs Rs 9,037 Lakhs in FY2025) and a net loss of Rs 789 Lakhs, narrower than the prior year's loss of Rs 954 Lakhs. The loss was partly impacted by an exceptional charge of Rs 130 Lakhs due to new Labour Codes. Key changes include: (1) re-appointment of M/s. SPR & Co as Internal Auditors for FY 2026-27, (2) appointment of M/s. M S K C & Associates LLP as new Statutory Auditors for five years replacing Price Waterhouse which completed its tenure, (3) appointment of Mr. Akshay Bhushan (Venture Capital investor, ex-Lightspeed India Partner) as Additional Non-Executive Independent Director for five years subject to shareholder approval, and (4) dissolution of the CSR Committee as it was never applicable to the company. The auditor gave an unmodified opinion on the financial statements.
The company reported a narrower loss year-on-year, with clean financials (unmodified audit opinion). The new auditor appointment and independent director addition represent routine governance updates and could bring fresh perspective to the board without any red flags for investors.