Reappointment of Internal Auditors of the Company for the FY 2026-27.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board meeting held on May 27, 2026 approved the appointment of two new internal auditors - M/s. Himank Desai & Co. and M/s. V. V. Kale & Co. - for the financial year 2026-27. The same meeting also approved audited financial results showing a significant decline in standalone profit after tax to Rs. 89.75 lakhs (from Rs. 316.67 lakhs) and consolidated profit after tax of Rs. 647.25 lakhs (from Rs. 2,717.64 lakhs). Revenue also declined on both standalone (Rs. 2,160.96 lakhs) and consolidated (Rs. 8,857.33 lakhs) basis. Additionally, Mr. Sanyo Rodrigues was appointed as Company Secretary and Compliance Officer effective June 1, 2026. The statutory auditors J. G. Verma & Co. provided unmodified audit opinions on both standalone and consolidated results.
Appointment of new internal auditors is a routine governance matter. The significant decline in profitability (both standalone and consolidated) for FY 2025-26 may raise concerns among investors, though the company maintained profitability. No immediate material impact on stock from the auditor appointment itself.