Appointment of Internal Auditor and Tax Auditor
WSI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
W.S. Industries (India) Limited announced the re-appointment of M/s. R. Subramanian and Company LLP as Internal Auditors for FY 2026-27 and appointment of M/s. Sudarshan & Ranganathan as Tax Auditors for FY 2025-26. The company also reported audited financial results for Q4 and FY ended March 2026. Standalone revenue declined significantly to Rs. 91.50 Cr (vs Rs. 239.04 Cr in FY 2024-25), but the company returned to profitability with PAT of Rs. 1.81 Cr compared to a loss of Rs. 15.27 Cr in the previous year. Total equity share capital increased to Rs. 75.90 Cr due to multiple equity issuances and warrant conversions during the year. The auditors issued unmodified opinions, though they drew attention to an Emphasis of Matter regarding Rs. 5.55 Cr write-back of old overseas creditors pending regulatory approvals and project cost budget uncertainties.
The company achieved a turnaround from heavy losses to profitability despite a sharp revenue decline, indicating improved operational efficiency. The equity raise and debt redemption reflect ongoing capital restructuring. However, the significant revenue drop and auditor's emphasis on pending approvals for the write-back and project uncertainties warrant close monitoring.