Appointment/Re-appointment of Internal Auditor and Tax Auditor.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Virat Industries Ltd reported FY2026 profit after tax of Rs 493.87 lakh, a 446% jump from Rs 90.45 lakh in FY2025. However, revenue from operations fell 15.3% to Rs 2,679.21 lakh from Rs 3,162.58 lakh. The company completed a preferential allotment of 96 lakh equity shares at Rs 104 each, raising approximately Rs 100 crore, which significantly increased cash and bank balances from Rs 232.87 lakh to Rs 5,780.89 lakh. No dividend was declared for FY2025-26. Both internal auditor (M/s S. R. Rege & Co.) and tax auditor (M/s B. K. Khare & Co.) were re-appointed for FY2026-27. The earlier proposal to incorporate a WOS in UAE (BRHAM HOLDING FZ-LLC) has been withdrawn. Auditors issued an unmodified opinion on the financial statements.
Strong profitability improvement despite revenue decline; substantial capital raise provides ample liquidity. However, no dividend and top-line decline may concern growth-focused investors. Re-appointment of auditors indicates stability.