The Board at their meeting held on today considered and approved the audited financial results for the quarter and year ended 31.03.2026 and also appointed Internal Auditor of the Company
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Virat Leasing Ltd's Board approved audited financial results for Q4 and FY ended March 31, 2026. The company reported a net loss of Rs. 72.94 lakhs for FY2026, compared to a loss of Rs. 30.17 lakhs in FY2025 - more than doubling the losses year-on-year. Revenue from operations declined to Rs. 86.54 lakhs from Rs. 92.89 lakhs. The company also appointed M/s. Srimal Jain & Co. as Internal Auditor for FY 2026-27 and approved related party transactions for the half year. Statutory auditors Surajit Roy & Associates issued an unmodified (clean) opinion on the financial results.
The significant widening of losses and revenue decline are concerning for shareholders. However, the clean audit opinion provides some comfort regarding financial statement reliability. The related party transaction approval and internal auditor change may warrant monitoring.