Auto Pins (India) Limited has re-appointed its secretarial and internal auditors for the upcoming financial year, ensuring continuity in its compliance and internal control frameworks. The Board of Directors approved the appointments during its meeting held on August 12, 2026.

Auditor Appointments

The company retained M/s. Parveen Rastogi and Co., Practicing Company Secretaries, as its Secretarial Auditor for FY27. The firm, registered with the Institute of Company Secretaries of India, brings extensive experience in handling secretarial audits for listed entities. Its core team consists of Qualified Company Secretaries specializing in corporate laws, FEMA, commercial laws, contract laws, and labour laws. The firm is also peer-reviewed under ICSI guidelines.

For internal audit functions, the Board re-appointed M/s. Bhardwaj & Co. Chartered Accountant upon the recommendation of the Audit Committee. Established in 1983, the chartered accountancy firm has over 40 years of experience providing audit and advisory services to public and private limited companies, educational institutions, and charitable societies.

These appointments were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The disclosures confirm that there are no relationships between the directors and the appointed firms that would impact their independence.

The Board of Directors of Auto Pins (India) Limited approved the unaudited standalone financial results for the first quarter ended June 30, 2026, during a meeting held on August 12, 2026. The company reported a net profit after tax of ₹5.75 lakh, a significant increase from the ₹2.36 lakh recorded in the corresponding quarter of FY25.

Revenue from operations grew to ₹1,073.64 lakh in Q1FY26, compared to ₹980.40 lakh in Q1FY25. This top-line growth was accompanied by a reduction in cost of materials and consumables consumed, which fell to ₹703.61 lakh from ₹623.36 lakh in the prior year period. However, this saving was partially offset by a rise in power and fuel expenses to ₹209.87 lakh from ₹171.75 lakh year-on-year.

Financial Performance

Profit before tax improved to ₹7.56 lakh from ₹5.04 lakh in the previous year's quarter. The total tax expense was ₹1.81 lakh, comprising current tax of ₹1.91 lakh and deferred tax credit of ₹0.09 lakh. Other income declined sharply to ₹2.76 lakh from ₹8.52 lakh in Q1FY25, indicating a greater reliance on operational margins for profitability in the current period.

What the Numbers Show

The divergence between revenue growth and expense management highlights a shift in cost structure. While material costs decreased as a proportion of revenue, power and fuel costs rose significantly, suggesting potential pressure on gross margins from energy inputs. Additionally, the sharp decline in other income means that the reported profit growth is driven almost entirely by core operational efficiency rather than non-operating gains.

Corporate Actions and Notes

The Board also re-appointed M/s Parveen Rastogi & Co. as the Secretarial Auditor and M/s Bhardwaj & Co. as the Internal Auditor for the financial year 2026-27. No dividend was recommended for the quarter. The financial results were reviewed by Sanjay Rawal & Co., Chartered Accountants, pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015.

The company disclosed a dispute with a debtor regarding rate differences, resulting in an amount of ₹133.46 lakh being withheld by the debtor but shown as Trade Receivables. Management is negotiating with the debtor and remains hopeful for recovery. Furthermore, the company noted that the implementation of the new Labour Codes notified by the Government of India does not have any material impact on its financial statements for the quarter and year ended March 31, 2026.