Adeshwar Meditex FY26 net profit at Rs 126.49 lakh

1 min read     Updated on 21 May 2026, 01:44 PM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Adeshwar Meditex announced its audited financial results for the year ended March 31, 2026, reporting a net profit of Rs 126.49 lakh on revenue of Rs 5,610.38 lakh. The board approved the appointment of Ms. Bhagyalaxmi Kavital as an Additional Independent Director and discussed fund raising plans of up to Rs 40 Crores. The trading window closure will end 48 hours post-results announcement.

powered bylight_fuzz_icon
40325765

*this image is generated using AI for illustrative purposes only.

adeshwar meditex has announced the outcome of its board meeting held on May 21, 2026. The board approved the audited financial results for the half year and financial year ended March 31, 2026. The statutory auditors issued an unmodified opinion on the results.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net profit of Rs 126.49 lakh, a decrease from Rs 206.57 lakh in the previous year. Revenue from operations stood at Rs 5,610.38 lakh, down from Rs 8,371.31 lakh in FY25. Total income for the year was Rs 5,620.76 lakh.

For the half year ended March 31, 2026, the net profit was Rs 53.38 lakh on a total income of Rs 2,609.77 lakh.

Particulars Year Ended 31.03.2026 (Audited) Year Ended 31.03.2025 (Audited)
Revenue From Operations 5,610.38 8,371.31
Total Income 5,620.76 8,397.17
Total Expenses 5,437.57 8,117.83
Net Profit 126.49 206.57

Board Decisions

In addition to the financial results, the board took note of the resignation of Mr. Arun Koli from the post of Independent Director. The board approved the appointment of Ms. Bhagyalaxmi Kavital as an Additional (Non-Executive) Independent Director. The directors also discussed raising funds up to Rs 40 Crores by way of further issue of Equity shares and the acceptance of director's loans or borrowing funds in the form of debentures.

Compliance and Trading Window

The trading window for the company's securities, which was closed since April 1, 2026, will reopen 48 hours after the announcement of the financial results. The intimation regarding the board meeting was submitted to BSE Limited in compliance with Regulation 29 and 33 of the SEBI (LODR) Regulations, 2015.

How does Adeshwar Meditex plan to deploy the Rs 40 crore raised through equity issuance to reverse the significant revenue decline from FY25 to FY26?

What strategic initiatives is Adeshwar Meditex considering to recover the ~33% drop in revenue from operations and restore profitability to FY25 levels?

How might the appointment of Ms. Bhagyalaxmi Kavital as Independent Director influence the company's governance and fundraising strategy going forward?

Adeshwar Meditex Reappoints M/s. Basude Makote & Saini as Internal Auditors for FY 2025-26 to 2027-28

1 min read     Updated on 14 May 2026, 10:00 PM
scanx
Reviewed by
Suketu GScanX News Team
AI Summary

Adeshwar Meditex Limited's Board of Directors approved the reappointment of M/s. Basude Makote & Saini, Chartered Accountants (FRN No. 124381W), as Internal Auditors for FY 2025-26 to 2027-28 at its meeting on May 14, 2026. The firm has been serving as Internal Auditor since August 26, 2023, and the reappointment was made under Section 138 of the Companies Act, 2013. The disclosure was filed with BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015. The board meeting was held from 4:00 PM to 4:30 PM (IST) and was authorized by Whole-time Director Krishnojirao Nagaraja Rao.

powered bylight_fuzz_icon
40321798

*this image is generated using AI for illustrative purposes only.

Adeshwar Meditex Limited announced the reappointment of M/s. Basude Makote & Saini, Chartered Accountants, as its Internal Auditors for the financial years 2025-26 to 2027-28. The decision was taken at a Board of Directors meeting held on May 14, 2026, commencing at 4:00 PM (IST) and concluding at 4:30 PM (IST). The reappointment was made pursuant to Section 138 of the Companies Act, 2013, and the disclosure was submitted to BSE Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Reappointment Details

The following key details of the reappointment were disclosed by the company:

Parameter: Details
Name of Internal Auditors: M/s. Basude Makote & Saini
FRN No.: 124381W
Membership No.: 183122
Date of Appointment: May 14, 2026
Tenure: FY 2025-26 to FY 2027-28
Internal Auditor Since: August 26, 2023
Statutory Basis: Section 138 of the Companies Act, 2013

Profile of M/s. Basude Makote & Saini

M/s. Basude Makote & Saini is a well-established Chartered Accountant firm with extensive experience working with corporate entities, LLPs, partnership firms, banks, and co-operatives. The firm offers a broad range of professional services, as highlighted below:

  • Statutory Audit and Internal Audit
  • Stock Audit and Forensic Audit
  • Project Financing
  • Direct and Indirect Tax Consultancy
  • Due Diligence and Legal Services
  • Preparation and Finalization of Balance Sheets for companies, firms, educational institutions, and other organizations
  • Reconciliation of Accounts
  • Extensive litigation before appeal

The firm is also engaged in rendering legal and due diligence services to various industries and corporates across the country.

Board Authorization

The reappointment was authorized by Krishnojirao Nagaraja Rao, Whole-time Director (DIN: 07684308), on behalf of Adeshwar Meditex Limited. The company noted that there is no disclosure of relationships between directors applicable in this case, as the appointment pertains to an auditing firm and not a director. The outcome of the board meeting was communicated to BSE Limited for record purposes in compliance with applicable regulatory requirements.

How might the three-year tenure of M/s. Basude Makote & Saini as internal auditors impact Adeshwar Meditex's financial governance and compliance standards through FY 2027-28?

Could the continuity of the same internal audit firm since 2023 raise concerns about auditor independence, and how might regulators or investors respond to this extended relationship?

What strategic financial initiatives or expansions is Adeshwar Meditex planning that may necessitate the broader forensic audit and due diligence capabilities offered by the reappointed firm?

More News on Adeshwar Meditex