Megamont Limited has appointed M/s. A J B & Associates as its internal auditor for the financial year 2026-27, effective July 10, 2026. The decision was taken during a board meeting held on Friday, July 10, 2026, to strengthen the company's internal audit framework for the upcoming fiscal year.

The appointment of M/s. A J B & Associates follows the requirements of Regulation 30 of the SEBI (LODR) Regulations, 2015. The disclosure was made in accordance with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

M/s. A J B & Associates is a proprietorship firm. The proprietor, CA Anupam Jiwan Bedmutha, is a practicing Chartered Accountant and an Associate Member of the Institute of Chartered Accountants of India (ICAI). He holds a valid Certificate of Practice and specializes in audit, taxation, and banking-related assignments.

The board meeting commenced at 04:00 P.M. and concluded at 05:00 P.M. on the same day. The company has requested the exchange to take the information on record.

Details of Appointment

Megamont Limited reported a consolidated net profit of ₹621.70 lakh for the financial year ended March 31, 2026, reversing a net loss of ₹13.12 lakh in the previous year. The turnaround was driven by the consolidation of its subsidiaries, Parent Mont International Private Limited and Nidimo Mont Private Limited, which contributed to total revenue from operations of ₹60,117.74 lakh compared to nil in the previous year. The board of directors approved the audited standalone and consolidated financial results during a meeting held on May 28, 2026.

The statutory auditors, M/s. K P N & Co., issued an unmodified opinion on the standalone financial results. On a standalone basis, the company reported a net loss of ₹90.49 lakh for FY26, widening from a net loss of ₹13.12 lakh in the previous year. The standalone results reflect the company's status prior to the consolidation of its subsidiaries. The company changed its name from V R Woodart Limited to Megamont Limited effective February 6, 2026.

Financial Performance

The table below summarizes the key financial metrics for the consolidated entity for the year ended March 31, 2026:

Corporate Developments

During the quarter, the company allotted 1,39,90,000 equity shares of face value ₹10 each at an issue price of ₹22 per share on a preferential basis. Additionally, the company issued 44,80,000 compulsorily convertible share warrants at an issue price of ₹22 per warrant. The company also acquired 100% of the equity share capital of Parent Mont International Private Limited and Nidimo Mont Private Limited, which became wholly owned subsidiaries. The intimation was addressed to BSE Limited and signed by Minal Patil, Whole-time Director.