MITCON Board Approves Audited FY26 Results, Appoints New Auditors
MITCON's Board approved audited standalone and consolidated financial results for the year ended March 31, 2026. The company also appointed M/s Galgali and Associates as Internal Auditors and M/s. Shahane & Co. as Tax Auditors for FY27. No deviation was reported in Rights Issue proceeds.
The approval of financial results and auditor appointments are standard corporate actions, but the confirmation of no deviation in rights issue proceeds and the appointment of auditors are material for compliance and governance.
The announcement primarily concerns the approval of financial results and routine appointments, with no significant positive or negative financial performance indicators explicitly highlighted in the summary.
MITCON Consultancy & Engineering Services Limited announced the outcome of its Board Meeting held on May 27, 2026. The Board reviewed and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the auditor's report.
The company also announced the appointment of M/s Galgali and Associates as Internal Auditors and M/s. Shahane & Co. as Tax Auditors for the financial year 2026-27.
Furthermore, MITCON confirmed that there has been no deviation in the utilization of proceeds from its Rights Issue, as per the requirements of SEBI regulations. The company's auditors, J. Singh & Associates, have issued unmodified audit reports for both standalone and consolidated financial results.
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