Delta Industrial Resources Limited has appointed M/s. Bhattar & Associates as its statutory auditors for a five-year term. The Board of Directors approved the appointment on September 4, 2026, following a recommendation from the Audit Committee. The firm will hold office from the conclusion of the ensuing 41st Annual General Meeting until the conclusion of the 46th Annual General Meeting, subject to member approval.

The company disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Bhattar & Associates, holding Firm Registration Number 131411W, brings 15 years of experience in GST registration, income tax consulting, and accounting services. The appointment replaces the previous statutory auditor arrangement for the specified tenure.

Appointment Details

The Board’s decision aligns with standard corporate governance practices for statutory audit rotations and appointments. Key details of the engagement include:

• Auditor Firm: M/s. Bhattar & Associates (Firm Reg. No. 131411W)
• Tenure: Five consecutive years
• Start Date: Conclusion of the 41st Annual General Meeting
• End Date: Conclusion of the 46th Annual General Meeting
• Approval Status: Pending shareholder approval at the AGM

The company has intimated both the BSE Limited and the Metropolitan Stock Exchange of India Limited regarding the change. No relationships between directors and the appointed auditors were disclosed in the filing.

Delta Industrial Resources reported a widened standalone net loss for the first quarter of FY27, reflecting continued operational idleness. The company posted a net loss of ₹7.14 lakh for the quarter ended June 30, 2026, compared to a net loss of ₹2.47 lakh in the corresponding quarter of the previous year.

The loss expansion was driven entirely by an increase in operating expenses, as the company recorded zero revenue from operations. Total expenses rose to ₹7.14 lakh from ₹2.47 lakh year-on-year. Employee benefit expenses increased to ₹1.38 lakh from ₹0.57 lakh, while other expenses more than doubled to ₹5.53 lakh from ₹1.90 lakh. Administrative expenses were logged at ₹0.23 lakh, a new line item not present in the prior year comparison.

Financial Performance Overview

The following table details the key financial metrics for the quarter:

For the full financial year ended March 31, 2026, the company had reported a net loss of ₹3.83 lakh on total income of ₹12.32 lakh, which was derived entirely from other income. In contrast, Q1FY27 saw no contribution from other income, leaving operating costs as the sole determinant of the bottom line.

What the Numbers Show

The absence of revenue from operations in both Q1FY27 and Q1FY26 confirms that Delta Industrial Resources remains inactive in its primary business segment of commodity trading. The divergence between the two quarters lies in cost management: while revenue remained flat at zero, operational burn rate accelerated. The rise in "other expenses" from ₹1.90 lakh to ₹5.53 lakh suggests increased overheads or compliance costs despite the lack of commercial activity. With paid-up equity capital standing at ₹539.30 lakh, the current quarterly losses represent a minimal erosion of shareholder equity, but the trajectory indicates sustained cash outflows without offsetting inflows.

Corporate Governance Updates

During its board meeting held on August 12, 2026, the company also approved the appointment of M/s. Shravan A. Gupta & Associates as Secretarial Auditor. The firm will hold office for five consecutive years, commencing from FY27 until FY31, subject to shareholder approval at the ensuing Annual General Meeting.

The unaudited financial results were reviewed by M/s. Bhatteer & Associates, Chartered Accountants, who issued a limited review report stating that nothing came to their attention to cause them to believe the statement did not disclose information required under SEBI Listing Regulations.