Yunik Managing Advisors Limited disclosed multiple regulatory non-compliances for the financial year ended March 31, 2026, including the absence of key managerial personnel and delays in statutory filings. The Annual Secretarial Compliance Report, issued by M/s. Mayank Arora & Co., highlighted gaps in board composition and corporate governance disclosures. The BSE levied a penalty of ₹177000 on the company for the delayed submission of financial results.

The report identified that the Board of Directors lacked an Executive Director during the review period, violating Regulation 17(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company did not appoint a Chief Executive Officer or Chief Financial Officer. Consequently, the required certifications for financial results and the compliance certificate specified in Part B of Schedule II were not provided to the board.

A significant delay occurred in appointing a qualified Company Secretary as the Compliance Officer. The vacancy, caused by challenges in finding a suitable candidate and non-operations, was filled on May 2, 2025, with the appointment of Mr. Sagar Shah. This delay exceeded the three-month limit mandated by Regulation 6(1)A of the SEBI LODR Regulations.

The company failed to make several necessary disclosures to the stock exchanges. These included the appointment of the Secretarial Auditor for FY 2025-2026 and the declaration of an unmodified audit report while publishing audited financial results. Furthermore, the promoter did not disclose details of encumbered shares as required by Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Operational lapses extended to the submission of financial results and trading window intimations. The BSE fined the company ₹177000, calculated at ₹5000 per day until compliance, for the non-submission of results for the quarter ended September 30, 2025. The company attributed this to a manual error regarding half-yearly cash flow. Additionally, trading window closure intimations for the quarters ended June 2025 and September 2025 were not submitted two trading days prior to the closure date as required.

Compliance Status and Remedial Actions

The report noted that the company is in the process of updating mandatory policies and its website to align with SEBI regulations. While no related party transactions occurred during the period, the company acknowledged the need to strengthen its compliance framework.

Yunik Managing Advisors Limited reported a net loss of Rs 25.44 lakhs for the year ended March 31, 2026, a significant widening from the net loss of Rs 8.62 lakhs recorded in the previous year. The company, which operates in the single business segment of consultancy and advisory services, recorded nil total income for FY26 compared to Rs 11.35 lakhs in FY25. The audited standalone financial results were approved by the Board of Directors at its meeting held on May 15, 2026, following a recommendation by the Audit Committee.

Financial Performance: FY26 vs FY25

The company's financial results for the year ended March 31, 2026 reflect a deterioration in performance, driven entirely by operating expenditure in the absence of any revenue from operations. The following table presents the key financial metrics for the year and the most recent quarter:

*Not Annualised. Figures in Rs. In Lakhs except EPS.

Professional fees were the largest expense item for FY26 at Rs 9.03 lakhs, followed by postage, printing and stationery at Rs 4.52 lakhs, and listing and custodial fees at Rs 3.84 lakhs. Payment to auditors stood at Rs 2.29 lakhs, while custodial fees pertaining to earlier years amounted to Rs 2.30 lakhs during the quarter ended March 31, 2026.

Balance Sheet and Cash Flow Highlights

The company's total assets stood at Rs 66.64 lakhs as at March 31, 2026, marginally higher than Rs 66.54 lakhs as at March 31, 2025. Cash and cash equivalents increased slightly to Rs 2.43 lakhs from Rs 2.33 lakhs. Equity share capital remained unchanged at Rs 1,428.78 lakhs, while other equity stood at (Rs 1,418.55 lakhs) as at March 31, 2026, compared to (Rs 1,393.10 lakhs) in the prior year.

Net cash generated from operating activities for FY26 was Rs 0.10 lakhs, compared to a net cash outflow of Rs 0.12 lakhs in FY25. The statutory auditors, M/s. A. P. Rajagopalan & Co., Chartered Accountants (FRN: 0108321W), issued an audit report with an unmodified opinion on the financial results for the year ended March 31, 2026.

Board Approves Key Appointments

At the same board meeting, several significant appointments were approved across governance, audit, and compliance functions:

Director Appointments:

• Mr. Pankaj Kumar Maskara (DIN 00054261) appointed as Additional Director (Non-Executive Non-Independent Director) effective May 15, 2026, subject to shareholder approval. He holds an MBA from Ranchi University and is an MDP alumnus of IIM Ahmedabad, with over three decades of experience across manufacturing and services sectors.
• Mr. Kalpesh Virji Dedhiya (DIN 10087626) appointed as Additional Director (Non-Executive Non-Independent Director) effective May 15, 2026, subject to shareholder approval. He is a B.Com graduate from Mumbai University with 20 years of experience in taxation and compliance.

Audit and Compliance Appointments:

Ms. Prachi Vichare is a Law Graduate and an Associate Member of the Institute of Company Secretaries of India (ICSI), with over 12 years of experience in legal matters, corporate laws, SEBI compliances, and secretarial audits.

Change in Location of Books of Accounts

The board also approved the shifting of the company's books of accounts from Essar House, 11, K. K. Marg, Mahalaxmi, Mumbai – 400 034, to 128, Jolly Maker Chambers II, Nariman Point, Mumbai 400021, Maharashtra, India. The company confirmed that there is no change in its registered office. The financial results are being uploaded on the company's website and will be published in newspapers pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.