Shivam Autotech Board Approves Audited FY26 Results, Reappoints Internal Auditors
Shivam Autotech Limited's Board approved audited financial results for FY26, reporting a net loss of ₹8,133.16 lakhs for the year. The company also re-appointed JHS & Associates LLP as Internal Auditors for FY27. Despite a negative net worth, the company generated positive EBITDA and met debt obligations.
The approval of audited financial results, especially with a reported net loss and negative net worth, is material information for investors and stakeholders. The re-appointment of internal auditors is a standard corporate action.
The announcement reports the approval of audited financial results, which include a significant net loss. While the re-appointment of auditors is routine, the financial performance indicates a challenging situation, making the sentiment neutral.
Shivam Autotech Limited announced the outcome of its Board of Directors meeting held on May 28, 2026. The Board has duly considered and approved the Audited Financial Results for the financial year ended March 31, 2026. Additionally, the Board has approved the re-appointment of M/s. JHS & Associates LLP, Chartered Accountants, New Delhi, as the Internal Auditors of the Company for the financial year 2026-27.
The meeting commenced at 03:45 PM and concluded at 06:25 PM. The company also enclosed the Auditor's Report, Audited Financial Results for the financial year ended March 31, 2026, and a Statement on Impact of Audit Qualifications. Disclosures relating to outstanding default on loans and debt securities, and statement of deviation(s) or variation(s) in utilization of proceeds were marked as 'Not Applicable'. A disclosure of related party transactions for the quarter and half-year ended March 31, 2026, was also provided.
The audited financial results for the year ended March 31, 2026, show a net loss after tax of ₹2,671.86 lakhs for the quarter and ₹8,133.16 lakhs for the year. The total comprehensive income (loss) for the year was ₹8,205.27 lakhs. The company's current liabilities exceeded its current assets by ₹5,060.08 lakhs, and it had a negative net worth of ₹4,068.21 lakhs as of March 31, 2026. However, the company generated EBITDA of ₹3,179.99 lakhs during the year and met its debt obligations. The management has prepared the financial results on a going concern basis, anticipating an improvement in financial position through strategic refinancing and better operational performance.
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Shivam Autotech Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. 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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