Appointment of Internal Auditor for the Financial Year 2026-27
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VJTF Eduservices Ltd held a board meeting on May 30, 2026, where the board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company appointed Manish Chandak & Associates, Chartered Accountants as the internal auditor for FY 2026-27, with the appointment recommended by the Audit Committee. For FY 2026, standalone results show a net loss of Rs 82.49 lakhs versus a net profit of Rs 667.55 lakhs in FY 2025. Consolidated results show a net loss of Rs 8.46 lakhs versus a profit of Rs 534.20 lakhs in FY 2025. The auditors issued unmodified opinions on both standalone and consolidated financial statements.
The appointment of a new internal auditor is a routine governance action and does not signal any immediate concern. However, the significant decline in profitability (from Rs 667.55 lakhs profit to Rs 82.49 lakhs loss on standalone basis) and RBI compliance issues noted by auditors may be areas of concern for investors.