Looks Health Services Limited has appointed M/s SGAG & Co., Chartered Accountants, as its statutory auditor to fill a casual vacancy arising from the resignation of its previous auditor, M/s KPSJ & Associates LLP.

The Board of Directors approved the appointment during its meeting held on August 19, 2026. The new appointment is subject to approval by the company’s members at the ensuing Annual General Meeting (AGM) and receipt of necessary consents and declarations under the Companies Act, 2013. Ms. Shubhangi Agarwal, a practicing company secretary based in Ahmedabad, was appointed as the scrutinizer for the upcoming AGM.

Auditor Resignation Details

M/s KPSJ & Associates LLP tendered its resignation effective August 18, 2026. The firm, which holds Firm Registration No. 124845W, stated that it was unable to continue dedicating the necessary attention and diligence required for the role due to substantial time and resource demands from other new assignments.

The outgoing auditors confirmed that they had completed the limited review report for the quarter ended June 30, 2026, which was issued on August 4, 2026. They further declared that there were no material reasons other than those provided for their resignation and no concerns regarding management-imposed limitations or lack of information prior to their departure. KPSJ & Associates had been appointed as statutory auditor on September 30, 2024, for a five-year term until the conclusion of the AGM in 2029.

New Auditor Profile

M/s SGAG & Co. holds Firm Registration No. 022788C and is engaged in providing professional services including audit, assurance, and management consultancy. The firm is empanelled with the Comptroller and Auditor General (CAG) under Empanelment No. CR5879 and holds Peer Review Certificate No. 014735.

Upcoming AGM

The company scheduled its 15th Annual General Meeting for September 12, 2026, at 12:00 pm. The meeting will be conducted through video conferencing or other audio-visual means. The Board authorized directors to send the notice for the AGM.

Looks Health Services published its unaudited financial results for the quarter ended June 30, 2026, in Business Standard (Mumbai) and Mumbai Lakshdeep (Mumbai) on August 4, 2026. The publication fulfills the company’s disclosure obligations under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results confirm a net profit of ₹0.23 lakh for the quarter, marking a recovery from the ₹0.01 lakh loss recorded for FY26 as a whole.

The Board of Directors approved the financial statements at a meeting held on August 4, 2026, at the company’s registered office. The results were reviewed by the Audit Committee and approved pursuant to Regulation 30 and Regulation 33 of the SEBI Listing Regulations. KPSJ Associates & LLP, the statutory auditors, conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410. Managing Director Monika Joshi signed the compliance letter to BSE Limited on August 5, 2026.

Financial Performance

Revenue from operations for Q1FY27 reached ₹12.30 lakh, a significant increase from ₹7.00 lakh in the same quarter last year. Total income for the quarter was ₹12.30 lakh, driven entirely by revenue from operations, as other income was nil. In the previous quarter (Q4FY26), total income was ₹12.46 lakh, which included ₹0.06 lakh from other sources. Year-on-year, the income growth reflects a strong operational uptick compared to the ₹7.00 lakh recorded in Q1FY26.

Expenses for the quarter totaled ₹7.76 lakh, comprising depreciation and amortization of ₹0.72 lakh and finance costs of ₹3.53 lakh. Notably, operating expenses, employee benefit expenses, and purchases were reported as nil, suggesting a lean operational structure or potential classification differences in interim reporting. Finance costs remained stable at ₹3.53 lakh, identical to the previous quarter and the same period last year.

Taxation and Profitability

The profit before tax stood at ₹0.29 lakh. After accounting for deferred tax expenses of ₹0.68 lakh and prior year tax adjustments of -₹0.62 lakh, the net profit after tax was ₹0.23 lakh. The basic earnings per share (EPS) were ₹0.00, while diluted EPS remained at ₹0.00. The company’s paid-up equity share capital remains unchanged at 1,050.00 shares with a face value of ₹10 per share.

What the Numbers Show

A key observation from the filing is the reliance on non-operational adjustments to determine the final net profit position. While the profit before tax was ₹0.29 lakh, the deferred tax provision of ₹0.68 lakh exceeded this amount. The final positive net profit of ₹0.23 lakh was achieved primarily due to prior year tax adjustments of -₹0.62 lakh, which reduced the overall tax burden. This indicates that the current period’s operational profitability is heavily influenced by historical tax corrections rather than just current-year operational efficiency. Additionally, management noted that idle funds are being invested in interest-bearing assets while the company identifies better business opportunities, highlighting a transitional phase in its strategic operations.