Announced Fri, 15 May · 15:48 IST

Appointment of Internal Auditor

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-5.5%1-day move
₹8.94
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

Yunik Managing Advisors Limited (BSE: 533149) held a Board meeting on May 15, 2026, approving several items including Q4 and full year FY26 financial results, and multiple appointments. The company reported audited net loss of Rs. 25.41 lakhs for FY26 vs loss of Rs. 6.52 lakhs in FY25, with total income declining to Rs. 3.85 lakhs from Rs. 11.35 lakhs. Statutory auditors issued an unmodified (clean) opinion. The Board appointed M/s. Sushil Vyas & Associates as Internal Auditor for FY26-27, M/s. SVP & Associates as Secretarial Auditor for 5 years, two Additional Directors (Mr. Pankaj Kumar Maskara and Mr. Kalpesh Virji Dedhiya), and Ms. Prachi Vichare as Company Secretary and KMP. The company's books of accounts will be shifted from Essar House to a new Mumbai address.

Likely market impact

The company remains small with declining revenues and negative equity of Rs. 10.23 lakhs. The appointment of a new internal auditor and expansion of the board may improve governance oversight. However, the continued losses and thin financials indicate limited near-term positive impact on the stock, which has negligible trading volume.