Tracxn Technologies Limited has informed the Exchange regarding Re-appointment of M/s. SPR & Co, Chartered Accountants as the Internal Auditor of the Company and Appointment of M/s. M S K C & Associates LLP, Chartered Accountants, as the Statutory Auditor of the Company for a period of five consecutive years from the conclusion of ensuing 14th AGM till the conclusion of 19th AGM to be held for the financial year 2030-31, subject to approval of shareholders
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Tracxn Technologies Limited held a board meeting on May 25, 2026, approving its audited financial results for Q4 and FY 2025-26. For the full year, total income stood at Rs. 9,014.07 Lakhs, but the company reported a net loss of Rs. 789.02 Lakhs compared to a loss of Rs. 954.41 Lakhs in FY25. The loss narrowed significantly year-on-year. The auditors issued an unmodified opinion. The company re-appointed M/s. SPR & Co as Internal Auditor for FY26-27 and appointed M/s. M S K C & Associates LLP as the new Statutory Auditor for 5 years (from 14th to 19th AGM), replacing Price Waterhouse Chartered Accountants LLP upon tenure completion. Additionally, Mr. Akshay Bhushan, a veteran venture capital investor with 18+ years of experience (including Lightspeed India and Flipkart), was appointed as an Additional Non-Executive Independent Director for 5 years, subject to shareholder approval. The CSR Committee was dissolved as applicable CSR provisions remain non-applicable to the company.
The narrowing of losses signals improving operational performance, though the company remains unprofitable. The appointment of an experienced VC investor as an independent director strengthens board credibility, potentially positive for governance perception. The statutory auditor change follows a planned rotation and is neutral for investors.