Ambassador Intra Holdings Limited has appointed M/s Shivam Soni & Co as its new statutory auditors to fill a casual vacancy, subject to shareholder approval. The Board of Directors approved the appointment on June 29, 2026, following the resignation of the former statutory auditor, M/s Maark & Associates, effective May 28, 2026. The new auditors will hold office from June 29, 2026, until the conclusion of the Annual General Meeting for the financial year 2025-26 and will conduct the statutory audit for FY26-27.

The company also appointed M/s Mitt & Co as its internal auditor for the financial year 2026-27, effective June 29, 2026. This appointment was made on the recommendation of the Audit Committee and fills the vacancy created by the resignation of M/s S. Mandawat & Co. The previous internal auditor resigned citing preoccupation with other assignments.

Auditor Changes

The changes in the company's audit firm were detailed in a filing to BSE Limited. The following table summarizes the key details of the appointments and resignations:

The appointment of M/s Shivam Soni & Co is pursuant to Section 139 of the Companies Act, 2013, read with the Companies (Audit and Auditors) Rules, 2014, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board has recommended the appointment for shareholder approval at the ensuing Annual General Meeting. The company will intimate the date and venue of the AGM in due course.

Ambassador Intra Holdings Limited reported a net loss of ₹8.70 lakh for the financial year ended March 31, 2026, reversing from a net profit of ₹16.48 lakh in the prior year. The company's board approved the standalone audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

For the quarter ended March 31, 2026, the company recorded a total income of ₹216.28 lakh and a net loss of ₹25.09 lakh. In comparison, the net profit for the same quarter in the previous year was ₹0.24 lakh. Revenue from operations for the full year stood at ₹432.63 lakh, up from nil in the previous year, while total expenses increased to ₹466.34 lakh from ₹41.82 lakh.

Board Decisions and Auditor Changes

The board took note of the resignation of Mr. Durgesh Pandey, Non-Executive Director, effective May 8, 2026, due to personal reasons. Furthermore, the board accepted the resignation of M/s Maark & Associates as statutory auditors effective May 28, 2026. The resignation followed concerns regarding audit fees, with the firm stating that the proposed remuneration would not be commensurate with the efforts required to conduct the audit in accordance with Standards on Auditing.

M/s Maark & Associates issued an audit report with an unmodified opinion on the financial results for the period. The firm had been appointed on July 2, 2024, with a term scheduled to expire on March 31, 2030.

New Appointments

Following the resignation of the statutory auditor, the board appointed M/s S. Mandawat & Co as the internal auditor for the financial year 2026-27, based on the recommendation of the Audit Committee. The firm's appointment is effective from May 28, 2026.

Financial Performance Summary

The following table outlines the key financial metrics for the quarter and year ended March 31, 2026:

The company's assets totaled ₹994.58 lakh as of March 31, 2026, compared to ₹471.62 lakh in the previous year. Equity attributable to shareholders stood at ₹445.07 lakh, while total current liabilities were reported at ₹549.51 lakh.