Meera Industries appoints auditors for FY 2026-27 to FY 2030-31

Meera Industries Limited has appointed M/s. M R Bombaywala & Co. as its statutory auditors for a five-year term, subject to shareholder approval. The Board of Directors approved the recommendation during its meeting held on June 26, 2026. The appointment is proposed for the period commencing from the financial year 2026-27 and ending with the financial year 2030-31.

The decision follows the advice of the Audit Committee. M/s. M R Bombaywala & Co., holding ICAI Firm Registration No. 123117W, will undertake the statutory audit and limited review starting from the quarter ending September 30, 2026. The existing statutory auditors will conduct the limited review for the quarter ending June 30, 2026.

Additionally, the Board approved the appointment of M/s. Christie & Co. as the internal auditor for the financial year 2026-27. This firm, with ICAI Firm Registration No. 101939W, will conduct the internal audit including the report for the quarter ending June 30, 2026.

Auditor Details

The table below outlines the key details regarding the appointments:

Particulars	Statutory Auditor	Internal Auditor
Firm Name	M/s. M R Bombaywala & Co.	M/s. Christie & Co.
Term	FY 2026-27 to FY 2030-31	FY 2026-27
ICAI Registration No.	123117W	101939W
Date of Appointment	June 26, 2026	June 26, 2026
Commencement of Audit	Q2 of FY 2026-27	Q1 of FY 2026-27

M/s. M R Bombaywala & Co. was established in 1988 and provides audit, taxation, financial, and consultancy services. M/s. Christie & Co., established on October 16, 1983, also offers audit, taxation, and consultancy services. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.05%	+5.60%	+15.82%	+48.61%	+35.57%	+5.60%

Meera Industries reported a net profit of ₹84.58 lakh for the financial year ended March 31, 2026, a sharp decline of 78% from ₹389.47 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹3,675.32 lakh, down from ₹4,026.01 lakh in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹64.01 lakh, compared to a profit of ₹35.76 lakh in the corresponding quarter of the previous year.

Financial Performance

The board of directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. The statutory auditors, K A SANGHAVI & CO LLP, issued an unmodified opinion on the standalone and consolidated financial results. Total income for the year decreased to ₹3,763.61 lakh from ₹4,058.38 lakh in the prior year. The board meeting commenced at 11:00 AM and concluded at 02:40 PM on May 29, 2026.

Segment Results

The company operates through two primary segments: Machine Division and Plastic Division. The Plastic Division reported a segment loss of ₹191.88 lakh for the year, while the Machine Division reported a profit of ₹285.96 lakh. The Plastic and Yarn divisions have been merged and remain as the "Plastic Division".

Metric (Amount in Lakhs)	FY26	FY25
Revenue from operations	3,675.32	4,026.01
Total income	3,763.61	4,058.38
Total expenses	3,676.55	3,578.75
Net profit for the year	84.58	389.47

Auditor Resignation

D D R & Co., Chartered Accountants, the internal auditors of the company, tendered their resignation effective May 29, 2026. The firm cited other professional commitments as the reason for their resignation and stated they would not be offering themselves for reappointment for the financial year 2026-27. The resignation was communicated to the board via a letter dated May 29, 2026.

Compliance and Disclosures

The company confirmed that it has complied with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audited financial results will be published in newspapers and made available on the company's website.