Caspian Corporate Services schedules board meeting for auditor appointment

Caspian Corporate Services has scheduled a meeting of its Board of Directors for Wednesday, August 5, 2026, to consider the appointment of an Internal Auditor for the financial year 2026-27. The company notified the Bombay Stock Exchange (BSE) of the upcoming meeting on July 31, 2026, in compliance with regulatory disclosure requirements. This appointment is a standard governance procedure aimed at ensuring robust internal control mechanisms and audit processes for the coming fiscal year.

The intimation was filed pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was signed by Sukumar Reddy Garlapati, Managing Director of Caspian Corporate Services Limited, who holds DIN 00966068. The filing confirms that the Board will convene to discuss this specific agenda item along with any other business placed before it with the permission of the Chairman.

Meeting Agenda

The primary objective of the board meeting scheduled for August 5, 2026, is to finalize the internal audit function for the upcoming fiscal period. The specific agenda items are outlined below:

Agenda Item	Description
Internal Auditor Appointment	Consider and approve the appointment of Internal Auditor for F.Y. 2026-27
Other Business	Consider and transact any other business placed before the board with the permission of the chairman

The appointment of an Internal Auditor is critical for maintaining compliance with statutory requirements and enhancing the effectiveness of risk management and internal controls. The Board’s approval will formalize the engagement for the financial year beginning April 1, 2026, and ending March 31, 2027.

Regulatory Compliance

Caspian Corporate Services Limited adheres to the listing obligations mandated by SEBI. By intimating the BSE prior to the meeting, the company ensures transparency with its shareholders and regulators regarding key governance decisions. The filing explicitly references Regulation 29, which governs the intimation of board meetings and their agendas to stock exchanges.

No other material announcements or financial results were included in this specific intimation. The focus remains solely on the administrative and governance task of appointing the Internal Auditor for FY27.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.90%	-6.45%	-12.75%	-32.98%	-55.33%	-55.33%

Caspian Corporate Services reported a standalone net profit of ₹1.00 lakh for the financial year ended March 31, 2026, a sharp decrease from ₹75.62 lakh in the previous year. The company's board, led by Managing Director Sukumar Reddy Garlapati, approved the audited financial results on May 27, 2026, and recommended a final dividend of 5%, or ₹0.50 per equity share, subject to shareholder approval. M/s. MAAK & Associates, Chartered Accountants, audited the results and issued an unmodified opinion. The company submitted newspaper clippings of the audited standalone and consolidated financial results to the Bombay Stock Exchange on May 29, 2026, as published in 'Financial Express' and 'Mana Telangana'.

Financial Performance

The company's total income from operations for FY26 rose to ₹720.23 lakh from ₹278.25 lakh in FY25. However, total expenses increased significantly to ₹708.26 lakh compared to ₹196.42 lakh in the prior year, primarily driven by employee benefit expenses which surged to ₹664.85 lakh from ₹133.51 lakh. Consequently, profit before tax for the year stood at ₹11.99 lakh, down from ₹81.84 lakh in FY25.

For the quarter ended March 31, 2026, revenue from operations was ₹349.29 lakh, with total expenses at ₹342.44 lakh, resulting in a net profit of ₹6.85 lakh. In the corresponding quarter of the previous year, the company had reported a net profit of ₹59.84 lakh.

Consolidated Results

On a consolidated basis, Caspian Corporate Services reported a net profit of ₹4.40 lakh for FY26, a drastic reduction from ₹259.30 lakh in FY25. Total income for the year increased to ₹10,221.92 lakh from ₹9,566.28 lakh, but total expenses also rose to ₹10,155.54 lakh from ₹9,162.76 lakh. For the quarter ended March 31, 2026, the consolidated net profit was ₹6.17 lakh.

Share Consolidation

During the quarter ended March 31, 2026, the Board of Directors fixed December 29, 2025, as the record date for consolidating 10 equity shares of ₹1/- each into 1 share of ₹10/- each.