Appointment of Ms. Anoushka Jain as Assistant Finance Manager
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Universal Autofoundry's board approved the appointment of Ms. Anoushka Jain, daughter of Wholetime Director Mr. Vikram Jain, as Assistant Finance Manager effective April 1, 2026. She is a CA Finalist with prior articleship experience at Deloitte Haskins and Sells LLP and Ummed Jain & Co., with skills in financial management, statutory audits, and taxation. Separately, the board also approved unaudited Q3 FY26 results, where the company swung to a net loss of ₹308.59 lakhs versus a profit of ₹61.35 lakhs in Q3 FY25. Total income for the quarter rose slightly to ₹4,938.76 lakhs from ₹4,644.69 lakhs, while nine-month profit fell sharply to ₹52.37 lakhs from ₹351.27 lakhs last year. Borrowings also increased to ₹5,493 lakhs from ₹4,607 lakhs as of March 2025.
The appointment places a promoter-family member in a senior finance role, which some investors may view as a governance concern even though it is not a board position. Weak Q3 results, with a sharp swing to loss, are a negative signal for near-term earnings momentum despite higher revenues.