Auditor and Company Secretary resign; new auditor appointed
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The board noted the resignation of statutory auditor M/s. Narasimha Rao and Associates effective August 13, 2026, citing manpower constraints and not any disagreement with management. New auditor M/s. G. Nagendra Sundaram and Co., a Hyderabad-based firm established in 1991, has been appointed for FY 2026-27, subject to shareholder approval. The board also noted the earlier resignation of Company Secretary and Compliance Officer Ms. Simran Sharma effective July 24, 2026. Q1 FY27 unaudited results showed a loss of about 0.074 million versus a profit of 0.147 million in Q4 FY26.
Mid-term auditor change with no governance concerns flagged. Company Secretary also stepped down. Q1 FY27 swung to a small loss from the prior quarter's profit.