Grameva Limited has informed the stock exchanges regarding the resignation of its Statutory Auditor, M/s. Amit Ray & Co. The resignation is effective from May 25, 2026, and was submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The firm cited professional and resource constraints as the reason for stepping down. In its resignation letter, the auditor confirmed that there are no concerns or issues raised about the management of the company. Furthermore, there is no disagreement with the management on any matter relating to the financial statements or the audit process.

The auditor was originally appointed for a five-year term starting from the financial year 2023-24. The firm had completed the statutory audit for the financial year ended March 31, 2026, and issued the audit report on May 20, 2026. The resignation creates a casual vacancy that the Board of Directors intends to fill by appointing a new Statutory Auditor, subject to applicable approvals.

Auditor Details

The following table outlines the key details regarding the change in statutory auditor:

The Audit Committee will take note of the resignation in accordance with regulatory requirements. The company confirmed that the necessary disclosures as per SEBI Master Circular have been enclosed.

Grameva Limited has reported its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The company published the extract of these audited financial results in newspapers on May 21, 2026, in compliance with Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

For the financial year ended March 31, 2026, the company recorded a net profit of ₹301.73 lakh, a substantial increase from ₹48.73 lakh in the previous year. Revenue from operations surged to ₹8,268.09 lakh, compared to ₹4,141.11 lakh in the corresponding period last year. Total income for the year stood at ₹8,338.26 lakh.

The company’s profit before tax for the year improved to ₹412.05 lakh from ₹55.43 lakh in FY25. Basic earnings per share for the year increased to ₹6.29, up from ₹1.02 in the previous year. For the quarter ended March 31, 2026, net profit was ₹262.97 lakh, with revenue from operations at ₹5,567.65 lakh.

Financial Performance Overview

The following table summarizes the key financial metrics for the year and quarter ended March 31, 2026:

Asset and Liability Position

As of March 31, 2026, the company’s total assets stood at ₹2,790.53 lakh, up from ₹2,232.30 lakh in the previous year. Total equity increased to ₹1,122.23 lakh from ₹819.29 lakh. Current assets were reported at ₹1,788.10 lakh, while current liabilities stood at ₹1,366.99 lakh.

Strategic Developments

In addition to the financial results, the Board of Directors approved the acquisition of office premises located at Room No. 7D, 7th Floor, Mani Square Mall, Kolkata. The acquisition is from M/s. Marytime Vincom Private Limited and is subject to the execution of definitive agreements and completion of necessary statutory and regulatory formalities.