VINNYBSEVinny Overseas LtdMediumNeutral
Announced Wed, 20 May · 17:40 IST

Reappointment of Internal auditor and Cost auditor

Management Changes View source PDF

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AI summary

Vinny Overseas Limited's Board of Directors approved the reappointment of M/s. P Prajapat & Associates as Internal Auditor and M/s. KVM & Co. as Cost Auditor for FY 2026-27. Both appointments were based on the Audit Committee's recommendation. The Board also approved audited standalone financial results for Q4 and FY ended March 31, 2026, with statutory auditors issuing an unmodified opinion. For the full year, total income was ₹12,750.02 lakhs and net profit stood at ₹515.42 lakhs, compared to ₹718.78 lakhs in the previous year, mainly due to lower subsidy receipts under Gujarat Textile Policy.

Likely market impact

The reappointment of auditors is a routine governance matter with no material impact on shareholders. The company reported lower profits year-on-year, though the audit opinion remained clean.