Impera Worldwide appoints Bhattar & Associates as statutory auditors for five years

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Impera Worldwide appointed M/s. Bhattar & Associates as statutory auditors
  • The firm will serve a five-year term from the 38th to the 43rd AGM
  • Appointment requires final approval from shareholders at the upcoming AGM
  • The auditor firm holds Registration Number 131411W and has 15 years of experience
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Impera Worldwide Limited appointed M/s. Bhattar & Associates as its statutory auditors for a five-year term during its board meeting on September 6, 2026. The appointment is subject to shareholder approval at the company’s 38th Annual General Meeting.

The Board of Directors approved the engagement based on recommendations from the Audit Committee. M/s. Bhattar & Associates, holding Firm Registration Number 131411W, will hold office from the conclusion of the ensuing 38th Annual General Meeting until the conclusion of the 43rd Annual General Meeting.

Auditor Profile

M/s. Bhattar & Associates brings 15 years of experience to the role. The firm specializes in GST registration consulting, income tax consulting, general tax advisory, and accounting services.

Regulatory Disclosure

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the Bombay Stock Exchange Limited listing department.

Historical Stock Returns for Impera Worldwide

1 Day5 Days1 Month6 Months1 Year5 Years
+4.47%+14.68%+19.17%+3.62%+29.38%0.0%

What specific audit reforms or internal control enhancements does Impera Worldwide plan to implement under the new five-year tenure of M/s. Bhattar & Associates?

How might the specialization of M/s. Bhattar & Associates in GST and tax advisory influence Impera's future tax planning strategies and compliance efficiency?

Are there any anticipated changes in Impera's financial reporting standards or disclosure practices resulting from this long-term auditor appointment?

Impera Worldwide Q1 Results: Net loss widens 70% YoY to ₹7.01 lakh

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Reviewed by
Suketu GScanX News Team
Key Highlights

Impera Worldwide Limited posted a net loss of ₹7.01 lakh for Q1FY27, widening from ₹4.14 lakh in Q1FY26. Revenue remained at zero, while total expenses rose to ₹7.01 lakh due to higher employee and other costs. The board also approved the appointment of new secretarial auditors.

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Impera Worldwide Limited (formerly Rishab Special Yarns Limited) reported a net loss of ₹7.01 lakh for the first quarter of FY27, ending June 30, 2026. The loss widened significantly compared to the ₹4.14 lakh loss recorded in the corresponding quarter of FY26. The company recorded zero revenue from operations during the period.

The board of directors approved the unaudited financial results on August 12, 2026. Alongside the financials, the board recommended the appointment of M/s. Shravan A. Gupta & Associates as secretarial auditors for a five-year term commencing from FY27, subject to shareholder approval at the upcoming annual general meeting.

Financial Performance

The company’s standalone results reflect a period of operational dormancy in terms of top-line generation, with expenses constituting the entirety of the financial activity.

Metric Q1FY27 Q1FY26 Change
Revenue from Operations ₹0.00 lakh ₹0.00 lakh
Total Expenses ₹7.01 lakh ₹4.14 lakh +69.3%
Net Loss ₹7.01 lakh ₹4.14 lakh +69.3%

Total income remained at zero, as there was no revenue from operations or other income. Total expenses rose to ₹7.01 lakh from ₹4.14 lakh in the previous year’s quarter. This increase was driven by higher employee benefit expenses and other expenses.

Employee benefit expenses increased to ₹1.66 lakh from ₹0.51 lakh year-on-year. Other expenses also saw a rise, climbing to ₹5.35 lakh from ₹3.63 lakh. There were no purchases of stock-in-trade, finance costs, or depreciation charges recorded in the current quarter.

What the Numbers Show

The financial data highlights a complete absence of revenue-generating activities during Q1FY27. With revenue at zero, the entire expense base—comprising employee benefits and other administrative outflows—translated directly into the net loss. This indicates that the company is incurring fixed operational costs without any offsetting business inflows, a pattern consistent with the zero revenue reported in the prior year’s quarter as well.

Historical Stock Returns for Impera Worldwide

1 Day5 Days1 Month6 Months1 Year5 Years
+4.47%+14.68%+19.17%+3.62%+29.38%0.0%

What strategic initiatives is Impera Worldwide planning to initiate to transition from operational dormancy to revenue generation in the upcoming quarters?

How will the appointment of Shravan A. Gupta & Associates as secretarial auditors impact the company's corporate governance and compliance framework over the next five years?

Given the 69.3% increase in expenses despite zero revenue, what specific cost-cutting measures or restructuring plans are management considering to stabilize the burn rate?

More News on Impera Worldwide

1 Year Returns:+29.38%