United Cotfab Limited Appoints M/s. Kamal M. Shah & Co. as Internal Auditor for FY 2025-26

United cotfab Limited has appointed M/s. Kamal M. Shah & Co. as its Internal Auditor for the Financial Year 2025-26, following a board meeting held on March 31, 2026. The appointment ensures compliance with statutory requirements under the Companies Act, 2013.

Board Meeting Details

The Board of Directors convened on March 31, 2026, at the company's registered office located at Survey No. 191, Village-Timba, Taluka-Dascroi, Ahmedabad, Gujarat. The meeting commenced at 06:30 P.M. and concluded at 07:00 P.M., with the primary agenda being the appointment of an Internal Auditor.

Meeting Parameter:	Details
Date:	March 31, 2026
Venue:	Registered Office, Ahmedabad
Duration:	06:30 P.M. to 07:00 P.M.
Purpose:	Internal Auditor Appointment

Internal Auditor Appointment

The board appointed M/s. Kamal M. Shah & Co., a practicing chartered accountancy firm with Firm Registration Number (FRN) 130266W, to conduct the internal audit for FY 2025-26. This appointment is made pursuant to Section 138 of the Companies Act, 2013, read with Rule 13 of the Companies (Accounts) Rules, 2014.

Appointment Details:	Information
Firm Name:	M/s. Kamal M. Shah & Co.
FRN:	130266W
Appointment Period:	FY 2025-26
Reason:	Compliance with Section 138 of Companies Act, 2013

Auditor Profile and Qualifications

Mr. Kamal Manharbhai Shah, the proprietor of the appointed firm, is a Fellow Chartered Accountant (F.C.A.) with membership number 133058 from The Institute of Chartered Accountants of India. His professional credentials include:

Qualification: Passed CA Professional Examination in November 2017
Training: Completed articleship from August 2004 to August 2007 at N.F. Shah & Co.
Education: B.Com from H.L. College of Commerce, Ahmedabad (2006) and M.Com from Gujarat University (2008)
Experience: Possesses requisite qualifications as prescribed under Chartered Accountants Regulations, 1988

Regulatory Compliance

The appointment has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed the Bombay Stock Exchange Limited about this development, ensuring transparency and regulatory compliance. The appointed auditor has formally provided consent to undertake the internal audit responsibilities for the specified financial year, confirming eligibility and qualification for the role.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.33%	-5.12%	-14.29%	-39.39%	-47.79%	-80.95%

United Cotfab , a textile manufacturing company, has reported a significant downturn in its financial performance for the half-year ended September 30, 2025. The company's unaudited standalone financial results, approved by the Board of Directors, reveal a stark contrast to its previous period's performance.

Financial Highlights

Metric	Half-Year Ended Sept 30, 2025	Previous Period
Net Profit/(Loss)	(239.88)	95.66
Revenue from Operations	6,327.13	Not Disclosed

*All figures in Rs crore

Key Points

Significant Loss: United Cotfab posted a net loss of Rs 239.88 crore for the half-year, a substantial decline from the profit of Rs 95.66 crore in the previous comparable period.
Revenue Decline: The company's revenue from operations stood at Rs 6,327.13 crore. However, the percentage decline cannot be calculated as the previous period's revenue figure was not disclosed in the provided information.
Board Approval: The unaudited standalone financial results were approved by the company's Board of Directors in a meeting held on November 14, 2025, at the company's registered office in Ahmedabad, Gujarat.
Auditor's Review: M/s. Rajiv Shah & Associates, the statutory auditors, conducted a limited review of the financial results. Their report did not highlight any material misstatements in the financial information provided by the company.

Market Implications

The significant shift from profit to loss may raise concerns among investors and stakeholders about the company's operational efficiency and market conditions in the textile sector. The revenue figures suggest challenging market conditions or potential issues in the company's sales and marketing strategies.

Regulatory Compliance

United Cotfab has complied with the regulatory requirements by submitting its financial results to the Bombay Stock Exchange, adhering to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and market analysts will likely keep a close watch on the company's future performance and any strategic initiatives it may undertake to address these challenges. The management's commentary on the factors contributing to this performance will be crucial for stakeholders to assess the company's future prospects.