Revised Outcome of the Meeting held on Wednesday, 27th May, 2026 due to revision in Audited Standalone Financial Results for Quarter and Year ended 31st March, 2026 (Clarification stated)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Universal Autofoundry Limited filed a revised outcome of its May 27, 2026 board meeting due to an inadvertent totaling/formula error in the total other comprehensive income, total comprehensive income, and EPS figures. The company reported revenue from operations of ₹21,009.78 lakhs for FY2026, up 8.7% from ₹19,335.40 lakhs in FY2025. However, the company swung to a net loss of ₹(334.39) lakhs in FY2026 from a profit of ₹235.37 lakhs in FY2025. EBITDA declined sharply to ₹897.86 lakhs from ₹1,687.33 lakhs in the previous year. The board also approved reappointment of statutory auditors for a second 5-year term and proposed increasing borrowing limits from ₹100 Cr to ₹150 Cr, subject to shareholder approval. Auditors issued an unmodified opinion.
The stock may face negative sentiment due to the company's transition from profit to loss in FY2026, significant EBITDA margin compression, and the need to restate financial results. Increased borrowing limits also suggest higher leverage concerns for shareholders.