ams polymers has appointed M/s. KVA & Company, Chartered Accountants, as its new Statutory Auditor to fill a casual vacancy arising from the resignation of its previous auditors. The Board of Directors approved the appointment during a meeting held on July 28, 2026, at the company's registered office in New Delhi. The new auditors will hold office from July 28, 2026, until the conclusion of the Annual General Meeting pertaining to Financial Year 2025-26. Shareholders must ratify this appointment at the upcoming meeting for it to become permanent.

The appointment follows the resignation of M/s. Roshan Agarwal & Associates, Chartered Accountants (Firm Registration Number: 019919C), which ceased to be the Statutory Auditors with effect from June 30, 2026. The Audit Committee recommended M/s. KVA & Company (Firm Registration Number: 017771C) to fill the resulting gap in statutory oversight. This transition ensures continuous audit coverage for the company’s financial statements during the interim period before shareholder approval.

The Board’s decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dilshad Ahmed, the Company Secretary, communicated the outcome to the Bombay Stock Exchange, Ahmedabad Stock Exchange, Delhi Stock Exchange, and Ludhiana Stock Exchange on July 28, 2026. The disclosure confirms that there are no relationships between the directors and the newly appointed audit firm that would require additional disclosure under regulatory guidelines.

Auditor Transition Details

M/s. KVA & Company is described as a professionally managed firm offering comprehensive services including audit, management consultancy, tax consultancy, and accounting services. The firm’s team comprises Chartered Accountants, Corporate Financial Advisors, and Tax Consultants. The appointment aims to maintain rigorous financial reporting standards while the company awaits final shareholder validation at the Annual General Meeting.

AMS Polymers reported a net profit of ₹78.84 lakh for the financial year ended March 31, 2026, a slight increase from ₹77.02 lakh in the previous year. Revenue from operations for the year stood at ₹10,959.75 lakh, compared to ₹10,096.36 lakh in FY25. The company’s total income for FY26 was ₹10,963.34 lakh.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹10.24 lakh, a decline from ₹16.60 lakh in the same quarter of the previous year. Revenue from operations for Q4FY26 was ₹2,850.33 lakh, up from ₹2,811.66 lakh in Q4FY25. Total expenses for the quarter increased to ₹2,831.24 lakh from ₹2,788.46 lakh in the corresponding period last year.

The Board of Directors, in its meeting held on May 22, 2026, approved the audited standalone financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s Roshan Agarwal & Associates, issued an audit report with an unmodified opinion on the annual audited standalone financial statements. The Board also appointed M/s A Saini & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27.

The company’s earnings per equity share (basic and diluted) for FY26 stood at ₹2.39, compared to ₹2.33 in the previous year. For the quarter ended March 31, 2026, the earnings per share were ₹0.31. The paid-up equity share capital remained unchanged at ₹330.25 lakh with a face value of ₹10 per share.

Financial Performance Summary

The company also addressed a discrepancy in its financial results submitted under Regulation 33/52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It clarified that the required declaration in XBRL mode was not submitted due to a clerical error and has since been uploaded to the BSE Listing Portal.