Nouveau Global Ventures reports net loss for FY26

1 min read     Updated on 26 May 2026, 05:20 PM
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AI Summary

Nouveau Global Ventures reported a net loss of ₹40.01 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹57.18 lakh in the previous year. Total income dropped to ₹65.82 lakh from ₹149.42 lakh, while total expenses increased to ₹103.19 lakh. The Board approved the audited results on May 26, 2026, and statutory auditors issued an unmodified opinion.

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nouveau global ventures reported a net loss of ₹40.01 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹57.18 lakh in the previous year. The company's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on Tuesday, May 26, 2026.

Financial Performance

The company recorded a total income of ₹65.82 lakh for FY26, a significant decrease from ₹149.42 lakh in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹11.64 lakh on a total income of ₹15.46 lakh. Expenses for the full year rose to ₹103.19 lakh from ₹85.77 lakh in FY25, driven by higher employee benefit costs and finance costs.

Key Metrics

Metric FY26 (₹ in Lakh) FY25 (₹ in Lakh)
Total Income 65.82 149.42
Total Expenses 103.19 85.77
Net Profit/(Loss) (40.01) 57.18
Earnings Per Share (Basic) (0.02) 0.03

Regulatory Compliance and Audit

The statutory auditors, M/s. Ashok Shetty & Co., issued an audit report with an unmodified opinion on the audited financial results. The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the company's securities, which was closed from April 1, 2026, will reopen 48 hours after the declaration of these results.

Historical Stock Returns for Nouveau Global Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-56.25%

What strategic initiatives will the company implement to reverse the decline in total income?

How does the company plan to manage the rising employee benefit and finance costs moving forward?

Will the company consider cost-cutting measures or restructuring to improve profitability in FY27?

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Nouveau Global Ventures Reappoints M/s. Sanjonaa & Associates as Internal Auditor for FY 2026-27

1 min read     Updated on 08 May 2026, 07:42 PM
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AI Summary

Nouveau Global Ventures Limited has re-appointed M/s. Sanjonaa & Associates, Chartered Accountants (Firm Registration No. 157896W), as its Internal Auditor for FY 2026-27, following a Board of Directors meeting held on 8th May, 2026. The decision was made on the Audit Committee's recommendation, in compliance with Section 138 of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The firm, based in Andheri West, Mumbai, offers expertise in statutory, internal, tax, and GST audits, among other advisory services.

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Nouveau Global Ventures Limited has announced the re-appointment of M/s. Sanjonaa & Associates, Chartered Accountants (Firm Registration No. 157896W), as the Internal Auditor of the Company for Financial Year 2026-27. The decision was taken at a Board of Directors meeting held on 8th May, 2026, at the Registered Office of the Company, with the meeting commencing at 03:00 PM and concluding at 03:40 PM.

Appointment Details

The re-appointment was made on the recommendation of the Audit Committee, in compliance with Section 138 of the Companies Act, 2013, read with applicable rules and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure has been made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024.

The key details of the appointment are summarised below:

Parameter: Details
Auditor Name: M/s. Sanjonaa & Associates, Chartered Accountants
Firm Registration No.: 157896W
Date of Appointment: 8th May, 2026
Appointment Period: Financial Year 2026-27
Office Address: B/602, Eversun CHS, Sahakar Nagar, J.P Road, Andheri West, Mumbai-400053
Reason for Change: Re-appointment

Auditor Profile

M/s. Sanjonaa & Associates, Chartered Accountants, is a member of the Institute of Chartered Accountants of India (ICAI). The firm possesses professional experience across audit, taxation, certification, and regulatory compliance functions. Its areas of expertise include:

  • Statutory Audit
  • Internal Audit
  • Tax Audit
  • GST Audit
  • Trust Audit
  • Audit of Co-operative Societies
  • Allied advisory and compliance services

The announcement was signed by Krishan Khadaria, Managing Director (DIN: 00219096), on behalf of Nouveau Global Ventures Limited.

Historical Stock Returns for Nouveau Global Ventures

1 Day5 Days1 Month6 Months1 Year5 Years
0.0%0.0%0.0%0.0%0.0%-56.25%

How might the continuity of M/s. Sanjonaa & Associates as internal auditor impact Nouveau Global Ventures' financial governance and compliance ratings for FY 2026-27?

Are there any upcoming regulatory changes under SEBI's LODR framework that could affect how Nouveau Global Ventures structures its internal audit function beyond FY 2026-27?

Given Nouveau Global Ventures' business trajectory, will the company consider expanding the scope of internal audit services to include forensic or risk-based auditing in future financial years?

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