Re-appointment of M/s Shah Patni & Co. as Internal Auditor for FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Universal Autofoundry held its first board meeting for FY 2026-27 on May 27, 2026, approving audited financial results for Q4 and FY ended March 2026. The company reported total income of ₹6,162.53 lakhs for Q4 and ₹21,349.78 lakhs for FY26, with a net loss of ₹334.39 lakhs for the year compared to a profit of ₹235.37 lakhs in FY25. The board re-appointed Shah Patni & Co. as Internal Auditors, Girdhar Chaudhary & Co. as Cost Auditors, and Goverdhan Agarwal & Co. as Statutory Auditors for a second 5-year term. Additionally, the company increased its borrowing and aggregate limits from ₹100 crore to ₹150 crore, subject to shareholder approval.
The shift from profit to loss in FY26 may concern investors, though revenue grew year-on-year. The increased borrowing limits suggest potential expansion plans or working capital needs. Re-appointment of auditors reflects continuity in governance with no red flags.