Crystal Business System appoints Khushi Jain as Company Secretary

1 min read Updated on 08 Jun 2026, 01:00 PM

Reviewed by

Naman SScanX News Team

AI Summary

Crystal Business System Limited appointed Ms. Khushi Jain as Company Secretary and Compliance Officer effective June 08, 2026. The Board approved the appointment under SEBI LODR Regulations and the Companies Act, 2013. Ms. Jain, an ICSI associate, will hold office until resignation or termination.

*this image is generated using AI for illustrative purposes only.

Crystal Business System has appointed Ms. Khushi Jain as its Company Secretary and Compliance Officer effective June 08, 2026. The Board of Directors approved the appointment during its meeting held on Monday, June 08, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment is made under the provisions of Section 203 of the Companies Act, 2013 and Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ms. Jain is an Associate Member of the Institute of Company Secretaries of India (ICSI), holding membership number ACS 79892.

Ms. Jain brings experience in managing secretarial and compliance functions for listed companies. Her expertise includes the Companies Act, 2013, SEBI (LODR) Regulations, and other applicable corporate and securities laws.

The appointment details were disclosed in compliance with SEBI Circular No. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. There is no disclosed relationship between Ms. Jain and the directors of the company.

Appointment Details

Detail	Information
Name	Ms. Khushi Jain
Designation	Company Secretary & Compliance Officer
Effective Date	June 08, 2026
Membership Number	ACS 79892
Term	Until resignation or termination per applicable laws

Historical Stock Returns for Crystal Business System

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.50%	-5.66%	-28.06%	-1.96%	-25.65%	+81.82%

How will Ms. Jain's expertise influence Crystal Business System's compliance strategy in the evolving regulatory landscape?

What are the expected impacts of this leadership change on the company's corporate governance practices?

Could this appointment signal any upcoming strategic shifts or policy changes within the organization?

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Crystal Business System FY26 Net Profit at ₹11.67 Lakh; Auditors Issue Qualified Opinion

1 min read Updated on 17 May 2026, 11:45 AM

Reviewed by

Shriram SScanX News Team

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Crystal Business System Limited reported audited FY26 financial results with net profit of ₹11.67 lakh on revenue of ₹868.32 lakh, both declining sharply from the prior year. Auditors BAS & CO. LLP issued a qualified opinion citing non-compliance with ESI, EPF, and Gratuity Acts, with management noting the financial impact is unascertained but material. The results were subsequently published as a newspaper advertisement under Regulation 33.

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Crystal Business System Limited has released its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 15, 2026, at the company's registered office in New Delhi. The statutory auditors conducted a limited review of the financial results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company subsequently published the audited financial results as a newspaper advertisement, confirming the figures under Regulation 33.

Financial Performance

For the financial year ended March 31, 2026, Crystal Business System reported a net profit of ₹11.67 lakh, a significant decrease from ₹90.55 lakh in the previous year. Revenue from operations for the year stood at ₹868.32 lakh, down from ₹1772.18 lakh in FY25. Total income for the year was ₹914.44 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹318.57 lakh compared to a loss of ₹126.56 lakh in the corresponding quarter of the previous year.

Key Financial Metrics

The following table summarizes the key financial figures for the year ended March 31, 2026:

Parameter:	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from Operations:	868.32	1772.18
Total Income:	914.44	1760.94
Total Expenses:	879.89	1625.02
Net Profit for the Period:	11.67	90.55
Earnings Per Share (Basic):	0.01	0.09

Audit Qualification

BAS & CO. LLP, Chartered Accountants, issued a qualified opinion on the standalone annual financial results. The qualification arises because the company has not complied with the provisions of the Employees' State Insurance Act, 1948, the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and the Payment of Gratuity Act, 1972. Consequently, the company has not recognized employee benefit obligations in accordance with Ind AS 19. The management stated that the financial impact is presently unascertained due to the absence of historical employee data but believes the effect is material and not pervasive.

Trading Window Update

In a separate intimation, the company informed the exchanges that the trading window for equity shares shall reopen on May 18, 2026. The intimation was signed by Bal Mukund Tiwari, Managing Director, on behalf of Crystal Business System Limited.

Historical Stock Returns for Crystal Business System

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.50%	-5.66%	-28.06%	-1.96%	-25.65%	+81.82%

Will Crystal Business System face regulatory penalties or enforcement action from ESIC and EPFO authorities for non-compliance, and what could be the estimated financial liability once historical employee data is reconstructed?

Given the ~51% revenue decline in FY26, what strategic measures is Crystal Business System's management planning to reverse the revenue contraction and restore profitability to FY25 levels?

How might the unresolved audit qualification regarding employee benefit obligations under Ind AS 19 impact the company's ability to raise capital or secure credit facilities in the near term?