TruAlt Bioenergy Limited has informed the Exchange about change in the Internal Auditor and Cost Auditor of the Company for the Financial Year 2026-27.
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TruAlt Bioenergy's Board meeting on May 22, 2026 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. The company also released audited standalone financial results showing Total Income of ₹1,77,294 lakhs (down from ₹1,94,071 lakhs in FY25) and Profit After Tax of ₹8,003 lakhs (down from ₹14,062 lakhs in FY25). Consolidated results showed Total Income of ₹1,81,396 lakhs and PAT of ₹9,687 lakhs. The auditors issued unmodified opinion on the financial statements. Key developments include successful IPO oversubscribed 75.02 times in September 2025, Karnataka High Court granting 90-day extension for ethanol supply, and Sumitomo Corporation acquiring 49% stake in TruAlt Gas Private Limited.
The auditor change appears routine for the new financial year and does not indicate any governance concerns. The year-on-year decline in profitability reflects industry-wide challenges, but the company maintains strong fundamentals with successful IPO proceeds utilization and strategic partnerships.