Associated Coaters re-appoints internal and secretarial auditors for FY27

0 min read     Updated on 19 Aug 2026, 04:48 PM
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Associated Coaters Limited announced the re-appointment of M/s. AHK & Co. as Internal Auditor and M/s. Mamta Binani & Associates as Secretarial Auditor for FY27. The Board approved the moves on August 19, 2026, in compliance with SEBI Listing Regulations.

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Associated Coaters Limited has re-appointed M/s. AHK & Co. as its Internal Auditor and M/s. Mamta Binani & Associates as its Secretarial Auditor for the financial year 2026-2027. The Board of Directors approved these appointments during a meeting held on August 19, 2026, acting on the recommendations of the Audit Committee.

The company disclosed the appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 3:30 pm and concluded at 4:00 pm.

Auditor Appointment Details

The specific details of the re-appointments are outlined below:

Particulars Internal Auditor Secretarial Auditor
Firm Name M/s. AHK & Co. M/s. Mamta Binani & Associates
Registration/Code FRN: 326964E ICSI Unique Code: P2016WB060900
Appointment Date August 19, 2026 August 19, 2026
Term Financial Year 2026-2027 Financial Year 2026-2027
Reason Re-appointment Re-appointment

Heenal Hitesh Rathod, Company Secretary and Compliance Officer of Associated Coaters, signed the intimation filed with BSE Limited.

Historical Stock Returns for Associated Coaters

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+9.24%-14.82%+16.18%-25.50%

How might the re-appointment of AHK & Co. as Internal Auditor influence Associated Coaters' compliance strategy for the 2026-2027 fiscal year?

Are there any pending regulatory observations from previous audits that Mamta Binani & Associates is expected to address during their term as Secretarial Auditor?

What impact could these continuity appointments have on investor confidence regarding the company's corporate governance standards?

Associated Coaters revises FY26 cash flow statement, profit rises 7.8%

1 min read     Updated on 30 May 2026, 09:09 PM
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Associated Coaters Limited reported a 7.8% rise in FY26 net profit to ₹114.52 lakh, with revenue increasing 38.7% to ₹826.33 lakh. The company submitted revised audited financial results on May 30, 2026, to correct an inadvertent discrepancy in the Cash Flow Statement. Statutory auditors JMP Associates issued an unmodified opinion with an emphasis of matter regarding pending confirmations from certain parties.

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Associated Coaters Limited reported a 7.8% increase in net profit to ₹114.52 lakh for the financial year ended March 31, 2026, compared to ₹106.18 lakh in the previous year. Revenue from operations surged 38.7% to ₹826.33 lakh from ₹595.78 lakh in FY25, driven by higher operational activity. The company filed revised audited financial results on May 30, 2026, to correct an inadvertent discrepancy observed in the Cash Flow Statement, while other financial information remained unchanged.

Financial Performance

The company’s total income for FY26 stood at ₹836.64 lakh, up from ₹595.78 lakh in the previous year. Total expenses increased to ₹687.58 lakh from ₹452.00 lakh in FY25. Profit before tax for the year was ₹149.07 lakh, compared to ₹143.78 lakh in the prior year. Basic earnings per share (EPS) improved to ₹8.47 from ₹7.85 in the corresponding period last year.

Metric FY26 (₹ in Lakhs) FY25 (₹ in Lakhs)
Revenue from Operations 826.33 595.78
Total Income 836.64 595.78
Total Expenses 687.58 452.00
Profit Before Tax 149.07 143.78
Net Profit 114.52 106.18
Basic EPS 8.47 7.85

Balance Sheet Highlights

The company’s total assets stood at ₹1,041.68 lakh as of March 31, 2026, compared to ₹933.58 lakh a year ago. Shareholders' funds increased to ₹782.35 lakh from ₹677.83 lakh. Trade receivables rose to ₹380.49 lakh from ₹367.18 lakh, while cash and cash equivalents decreased to ₹152.77 lakh from ₹270.08 lakh.

Auditor's Report and Disclosures

M/s. JMP Associates, Statutory Auditors, issued an unmodified opinion on the audited financial results. The auditors included an emphasis of matter noting that the company is yet to receive pending confirmations in respect of certain parties, though this did not modify their opinion. The trading window for dealing in the company's securities will reopen 48 hours after the declaration of the results.

Historical Stock Returns for Associated Coaters

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%+9.24%-14.82%+16.18%-25.50%

What strategies will the company employ to sustain the 38.7% revenue growth in the upcoming fiscal year?

How will the significant decrease in cash and cash equivalents impact the company's short-term liquidity and operational flexibility?

What measures are being taken to resolve the pending confirmations noted by the auditors to ensure smoother future audits?

More News on Associated Coaters

1 Year Returns:+16.18%