Lovable Lingerie Limited has re-appointed M/S ASSP & Co as its internal auditor for FY 2026-27 following a recommendation by its Audit Committee. The decision was approved during a board meeting held on May 29, 2026. The re-appointment ensures continuity in the company's internal audit oversight for the upcoming financial year.

The board meeting, which commenced at 5:15 P.M. and concluded at 6:30 P.M., sanctioned the appointment. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025CFDPOD2/I/3762/2026 dated January 30, 2026.

Re-appointment Details

The re-appointment of M/S ASSP & Co covers the financial year 2026-2027. The firm brings a team of professionals with experience ranging from 8 to 22 years in audit and accounting services. The key details of the appointment are outlined below:

Auditor Profile

M/S ASSP & Co offers a range of services including internal audit for listed companies, statutory audit under the Companies Act, and tax audit under the Income Tax Act. The firm's team includes partners Mr. Ravi. S and Mr. Srinivas Prasad K, along with consultants and assistants supporting accounting, statutory compliance, and salary processing functions. The firm has previously served as an internal auditor for JSO CATHEDRAL and currently acts as the statutory auditor for JACOBITE SYRIAN CHRISTIAN CHURCH BANGALORE DIOCESE TRUST.

Lovable Lingerie reported a net profit of ₹334.78 lakh for the financial year ended March 31, 2026, an increase from ₹178.65 lakh in the previous year. Revenue from operations for FY26 stood at ₹4,217.21 lakh, while total income from operations was recorded at ₹4,730.08 lakh. The company’s profit for the period was positively impacted by a deferred tax adjustment of ₹734.68 lakh.

The Board of Directors approved the audited standalone financial results for the fourth quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, M/s. DMKH & Co., issued an audit report with an unmodified opinion on the financial results. The meeting commenced at 05:15 P.M. and concluded at 6:30 P.M.

For the quarter ended March 31, 2026, the company reported a profit of ₹292.87 lakh, compared to ₹319.10 lakh in the same period of the previous year. Revenue from operations for the quarter was ₹628.19 lakh. Total expenses for the quarter were ₹838.70 lakh. The company also reported a loss from discountinuing operations of ₹102.63 lakh for the quarter.

Financial Performance

The following table outlines the key financial figures for Lovable Lingerie Limited for the year and quarter ended March 31, 2026:

Balance Sheet Highlights

As of March 31, 2026, the company's total assets stood at ₹19,817.68 lakh, a decrease from ₹21,082.29 lakh in the previous year. Non-current assets included investments of ₹9,177.07 lakh. Current assets were recorded at ₹7,518.38 lakh, with inventories constituting ₹4,059.53 lakh. Equity share capital remained unchanged at ₹1,480.00 lakh, while other equity increased to ₹16,601.11 lakh from ₹16,318.40 lakh.

Cash Flow Statement

Net cash flow from operating activities for the year was ₹168.00 lakh, compared to ₹573.13 lakh in the previous year. Investing activities resulted in a net cash inflow of ₹501.37 lakh, while financing activities saw a net outflow of ₹677.24 lakh. Cash and cash equivalents at the end of the year stood at ₹84.37 lakh.