Saumya Consultants reports FY26 net loss as income falls

1 min read     Updated on 28 May 2026, 04:27 PM
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Naman SScanX News Team
AI Summary

Saumya Consultants reported a net loss of ₹437.22 lakh for FY26, reversing from a net profit of ₹921.14 lakh in FY25, as total income from operations fell to ₹957.38 lakh. The decline was driven by a sharp drop in proceeds from the sale of shares to ₹803.18 lakh from ₹3,341.76 lakh in the prior year. The statutory auditor provided an unmodified opinion on the results.

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Saumya Consultants reported a net loss of ₹437.22 lakh for the financial year ended March 31, 2026, reversing from a net profit of ₹921.14 lakh in the previous year. The company's total income from operations fell to ₹957.38 lakh in FY26 from ₹3,945.72 lakh in FY25, driven largely by a decrease in proceeds from the sale of shares. For the quarter ended March 31, 2026, the company reported a net loss of ₹1,328.61 lakh.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 28, 2026. The filing was made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s A.K. Meharia & Associates, Chartered Accountants, the statutory auditor of the company, provided an unmodified opinion on the annual audited financial results.

A review of the financial statements reveals that the sale of shares contributed ₹803.18 lakh to the total income in FY26, a sharp decline from ₹3,341.76 lakh in the prior year. Interest income for the year stood at ₹29.35 lakh, up from ₹3.36 lakh in FY25. Total expenses for FY26 increased to ₹1,618.51 lakh from ₹3,211.92 lakh in the previous year.

The company's basic and diluted earnings per share (EPS) for FY26 were reported at (₹6.33), compared to ₹13.34 in FY25. For the quarter ended March 31, 2026, the EPS stood at (₹19.24). The paid-up equity share capital remained constant at ₹690.69 lakh throughout the reported periods.

Financial Results Summary

Particulars Year Ended March 31, 2026 (₹ in lakhs) Year Ended March 31, 2025 (₹ in lakhs)
Total Income from Operations 957.38 3,945.72
Total Expenses 1,618.51 3,211.92
Profit for the Period (437.22) 921.14
Basic EPS (6.33) 13.34

Assets and Liabilities

As of March 31, 2026, the company's total assets stood at ₹11,683.03 lakh, a decrease from ₹12,392.11 lakh in the previous year. Investments constituted the largest component of financial assets at ₹7,767.18 lakh, down from ₹8,501.52 lakh in FY25. The equity share capital and other equity were recorded at ₹690.69 lakh and ₹10,678.59 lakh, respectively.

Historical Stock Returns for Saumya Consultants

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+4.98%+2.80%-16.77%-12.93%+175.22%

What strategic initiatives will Saumya Consultants implement to reduce reliance on volatile share sale proceeds and stabilize operating income?

How does the company plan to manage the increased expense structure given the significant drop in total revenue?

Will the company continue to liquidate its substantial investment portfolio to fund operations or cover losses in the upcoming fiscal year?

Saumya Consultants Appoints KBDS & Co as Internal Auditor After ALPS & Co Resignation

1 min read     Updated on 13 May 2026, 11:07 PM
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Saumya Consultants Limited appointed KBDS & Co, Chartered Accountants as its new Internal Auditor for FY 2026-27 at a Board meeting on 13th May 2026, following the resignation of M/s. ALPS & Co (FRN: 313132). ALPS & Co cited other commitments and pre-occupation in the official intimation, while its resignation letter referenced fee sustainability concerns due to budgetary constraints. KBDS & Co is a peer-reviewed partnership firm with expertise in risk-based internal audit, due diligence, and assessment of Internal Finance Controls.

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Saumya Consultants Limited announced a change in its Internal Auditor following a Board of Directors meeting held on 13th May 2026 at its registered office in Kolkata. The Board, in its meeting that commenced at 5:00 PM and concluded at 5:30 PM, approved the appointment of KBDS & Co, Chartered Accountants, as the new Internal Auditor of the Company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Change in Internal Auditor

The appointment of KBDS & Co follows the resignation of M/s. ALPS & Co (FRN: 313132), Chartered Accountants, as Internal Auditor of the Company with effect from 13th May 2026. The official intimation to the stock exchanges cited other commitments and pre-occupation as the reason for the resignation. Separately, in its resignation letter, ALPS & Co also noted fee sustainability concerns, stating that due to budgetary constraints, the company would be unable to increase their audit fees, making the present fee unsustainable given the time involved in conducting the audit. ALPS & Co had originally been appointed as Internal Auditor for FY 2026-27 at the Board of Directors meeting held on 17/04/2026.

Details of Appointment and Resignation

The following table summarises the key details of the Internal Auditor change as disclosed by the Company:

Parameter: Details
Outgoing Auditor: M/s. ALPS & Co, Chartered Accountants (FRN: 313132)
Reason for Resignation: Other commitments and pre-occupation; fee sustainability concerns due to budgetary constraints
Resignation Effective Date: 13th May 2026
Incoming Auditor: KBDS & Co, Chartered Accountants
Date of Appointment: 13th May 2026
Applicable Period: FY 2026-27

Profile of Incoming Auditor

KBDS & Co is a partnership firm and a peer-reviewed entity managed by CA Nirala Kumar Singh, Partner, along with others. The firm provides its clients with business solutions on a regular basis. Its practice areas include:

  • Risk-based internal audit
  • Due diligence and overview
  • Assessment of Internal Finance Control

The intimation was signed by Arun Kumar Agarwalla, Managing Director (DIN: 00607272), on behalf of Saumya Consultants Limited.

Historical Stock Returns for Saumya Consultants

1 Day5 Days1 Month6 Months1 Year5 Years
+4.98%+4.98%+2.80%-16.77%-12.93%+175.22%

Could Saumya Consultants' budgetary constraints in audit fees signal broader cost-cutting measures that may impact other compliance and governance functions going forward?

How might the abrupt mid-appointment resignation of ALPS & Co — just weeks after being appointed for FY 2026-27 — affect investor confidence in Saumya Consultants' internal governance standards?

Will KBDS & Co's relatively smaller profile and recent appointment raise any concerns from SEBI or stock exchanges regarding the adequacy of internal audit oversight for FY 2026-27?

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1 Year Returns:-12.93%