Nirav Commercials Limited reported a net profit of ₹0.42 crore for the financial year ended March 31, 2026, a significant increase from ₹0.05 crore in the previous year. The performance was bolstered by an exceptional gain of ₹0.33 crore arising from the sale of its undertaking, Elesar Fochhi, Daman Division, during the quarter. The board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 28, 2026.

Financial Performance

Total income from operations for the year rose to ₹13.47 crore from ₹10.56 crore in the previous year. For the quarter ended March 31, 2026, the company reported a net profit of ₹0.61 crore, compared to ₹0.20 crore in the corresponding period of the previous year. The board reviewed the financial performance for the fourth quarter of the fiscal year 2026 and the full fiscal year.

The meeting was convened in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the company's securities, which closed on April 1, 2026, will reopen 48 hours after the declaration of the results.

Key Financial Metrics

The following table outlines the financial performance for the quarter and year ended March 31, 2026:

The auditors, Suryaprakash Maurya & Co LLP, issued an unmodified opinion on the financial results. The statement of assets and liabilities as of March 31, 2026, showed total assets at ₹31.68 crore, with equity and liabilities amounting to ₹31.68 crore.

Nirav Commercial Limited has announced changes to its internal audit leadership following a Board of Directors meeting held on April 15, 2026. The company has accepted the resignation of its current Internal Auditor while simultaneously appointing a replacement, ensuring continuity in its audit functions.

Board Approves Internal Auditor Transition

The Board of Directors, acting on recommendations from the Audit Committee, approved the resignation of CS Ankita Vishwakarma from her position as Internal Auditor. Her resignation takes effect from April 15, 2026, citing other commitments and pre-occupation as the primary reasons for her departure.

In her resignation letter dated April 15, 2026, Vishwakarma expressed gratitude to the Board and Management for the opportunities, trust, and support extended during her tenure with the company.

New Internal Auditor Appointment

The Board has appointed CS Ekta Joshi as the new Internal Auditor, effective from April 15, 2026. The appointment ensures seamless transition in the company's internal audit operations.

Regulatory Compliance

The company has disclosed these changes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Transition Summary

The internal auditor transition reflects the company's commitment to maintaining robust governance standards while accommodating personnel changes. Both the resignation and appointment occurred on the same date, ensuring no gap in internal audit coverage.