Svarnim Trade Udyog Limited has disclosed that M/s. B B Gusani & Associates has resigned from its role as Internal Auditor, effective August 11, 2026. The firm attributed the decision to pre-occupation with other professional assignments, a standard operational shift that requires the company to appoint a successor to maintain compliance with statutory audit requirements.

The resignation was communicated to the Board of Directors on August 11, 2026, by Bhargav Gusani, Proprietor of M/s. B B Gusani & Associates. In a letter dated August 11, 2026, the firm thanked the senior management for the opportunity and cooperation extended during their tenure. The company subsequently intimated the stock exchanges regarding the change in internal audit function.

Regulatory Disclosures

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The company confirmed that M/s. B B Gusani & Associates stated there were no other material reasons for the resignation beyond those explicitly mentioned in the resignation letter.

Company Response

Surbhi Aggarwal, Whole-time Director of Svarnim Trade Udyog Limited, signed the intimation to the Bombay Stock Exchange and the Metropolitan Stock Exchange of India Limited on August 12, 2026. The filing included Annexure A, which detailed the specific reasons for the change and confirmed the absence of any undisclosed material issues between the firm and the company.

What This Means for Compliance

The departure of an internal auditor necessitates the prompt appointment of a replacement to ensure continuous oversight of the company’s financial controls and compliance mechanisms. While the reason cited is professional workload management rather than a dispute or governance issue, shareholders should monitor subsequent filings for the appointment of a new internal auditor to ensure no gap in audit coverage.

Svarnim Trade Udyog Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026, at the company's registered office in Kolkata. Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the extract of these audited financial results in newspapers on May 22, 2026.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net loss of ₹9.94 lakh. This represents a reduction from the net loss of ₹14.21 lakh recorded in the previous fiscal year ended March 31, 2025. Total expenses for the year stood at ₹9.94 lakh, down from ₹14.41 lakh in the prior year. Revenue from operations remained nil for both the current and comparative periods.

The company reported a net loss of ₹1.45 lakh for the quarter ended March 31, 2026. In the corresponding quarter of the previous year, the net loss was ₹9.45 lakh. The basic and diluted earnings per share (EPS) for the year ended March 31, 2026, was reported at (0.41), compared to (0.58) in the previous year.

Key Financial Metrics

The following table outlines the standalone financial performance for the year ended March 31, 2026, compared to the previous year:

Balance Sheet Highlights

The standalone balance sheet as of March 31, 2026, showed total assets of ₹2.37 lakh, an increase from ₹2.10 lakh in the previous year. The company's equity stood at a negative balance of ₹24.25 lakh, widening from the negative balance of ₹14.31 lakh in the prior year. Current liabilities increased to ₹26.62 lakh from ₹16.42 lakh year-on-year.