Approval of the appointment of M/s. SPDS & Associates LLP, Chartered Accountants (FRN: W100383), as the Internal Auditor of the Company for a tenure of 3 years, effective from conclusion ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Valencia Nutrition's Board approved the re-appointment of M/s. SPDS & Associates LLP as Internal Auditor for 3 years (FY 2025-26 to FY 2028-29). The Board also approved audited standalone and consolidated financial results for FY ended March 31, 2026. Standalone revenue was Rs. 692.53 lakhs with profit of Rs. 103.72 lakhs, while consolidated profit was Rs. 109.27 lakhs. The Exchange had issued a non-compliance notice which the Board confirmed has been addressed—penalty fully paid and systemic rectifications completed. The Board directed strengthening of internal compliance tracking mechanisms to prevent recurrence. Statutory auditors HAY & Associates LLP issued unmodified opinions on both standalone and consolidated results.
Neutral outcome—clean audit opinions and compliance remediation provide clarity. The non-compliance fine, while resolved, indicates past governance weaknesses the company is addressing. New subsidiaries (beverages, nutra, Spain entity) are ramping up operations.