Appointment of Internal Auditor and Cost Auditor of the company for the Financial Year 2026-27.
TRUALT · price
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TruAlt Bioenergy's Board approved appointment of M/s ZADN and Associates LLP as Internal Auditors and M/s R. Nanabhoy & Co. as Cost Auditors for FY 2026-27, based on Audit Committee recommendations. The filing also includes audited FY 2025-26 results showing standalone revenue of Rs 1,70,465 lakhs (down 9% YoY) and consolidated PAT of Rs 9,687 lakhs (down 34% YoY). The company recently listed on exchanges in October 2025 following a 75x oversubscribed IPO. Key developments include a Karnataka High Court ruling favoring the company on ethanol supply shortfall, a joint venture with Sumitomo for CBG plants, and GAIL acquiring 49% stake in a subsidiary.
Routine auditor appointments signal proper governance without direct stock price impact. However, the 34% decline in consolidated PAT and lower EPS (Rs 12.30 vs Rs 20.94) may concern investors, though the ethanol court ruling and new partnerships provide growth visibility.