MosChip Technologies Approves Audited FY26 Results and Appoints New Internal Auditors
MosChip Technologies Limited's Board approved audited consolidated and standalone financial results for FY26, reporting total income of ₹59,062.84 lakhs and net profit of ₹3,520.43 lakhs. The company also appointed M/s Gokhale & Co. as Internal Auditors for FY27 and approved the allotment of 85,604 equity shares to employees.
The approval of audited financial results is material for investors. The appointment of a new internal auditor and ESOP allotment are standard corporate actions. The financial figures themselves will determine the market's reaction.
The announcement reports audited financial results and routine corporate actions like auditor appointment and ESOP allotment. While the results are approved, there are no significant positive or negative surprises that would strongly sway the sentiment.
MosChip Technologies Limited announced the outcome of its Board Meeting held on May 20, 2026. The Board approved the audited financial results, both consolidated and standalone, for the quarter and financial year ended March 31, 2026. These results have been reviewed by the Audit Committee and have received an unmodified audit opinion from the statutory auditors, M/s S.T. Mohite & Co.
In addition to approving the financial statements, the Board also appointed M/s Gokhale & Co. as the Internal Auditors for the financial year 2026-27. The Nomination & Remuneration Committee also approved the allotment of 85,604 equity shares to eligible employees under various stock option schemes.
The company's financial statements reflect a total income of ₹15,554.95 lakhs for the quarter ended March 31, 2026, and ₹59,062.84 lakhs for the full financial year. The net profit after tax for the quarter was ₹794.54 lakhs, and for the year, it was ₹3,520.43 lakhs. The financial year's results include an exceptional item of ₹581.86 lakhs related to adjustments for new Labour Codes.
The meeting commenced at 06:45 p.m. and concluded at 08:40 p.m. The audited financial results and auditor's reports are available on the company's website and the stock exchange websites.
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Moschip Technologies Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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