Yuranus Infrastructure Limited announced significant changes in its auditing arrangements alongside its Q1 financial results. The company's statutory auditors, M/s Mistry & Shah LLP, Chartered Accountants, have tendered their resignation effective July 31, 2025.

Auditor Resignation

M/s Mistry & Shah LLP cited an internal strategic realignment as the primary reason for their departure. The firm has decided to restrict its assurance services, including statutory audits, as part of a broader policy decision. The auditors emphasized that their resignation was not related to any specific event, governance issue, or performance of Yuranus Infrastructure Limited.

The Board of Directors, on the recommendation of the Audit Committee, accepted the auditors' resignation. M/s Mistry & Shah LLP had been appointed as statutory auditors on September 28, 2024, with their term originally set to conclude at the 35th Annual General Meeting.

Q1 Financial Results

Alongside this announcement, Yuranus Infrastructure Limited released its unaudited financial results for the quarter ended June 30, 2025:

The company experienced a significant decline in revenue from operations during Q1. Management attributed this to limited viable trading opportunities aligned with its operational benchmarks and prevailing market conditions.

Financial Performance Analysis

Yuranus Infrastructure's Q1 results show a stark contrast to the same period last year:

• Revenue from operations plummeted by 99.83% year-over-year.
• The company reported a net loss of 16.01 lakhs compared to a profit of 31.77 lakhs in Q1 of the previous year.
• Earnings per share (EPS) turned negative at (0.46) compared to 0.91 in the corresponding quarter of the previous year.

Management Commentary

The management stated that they are evaluating new business avenues while maintaining a focus on prudent financial management and long-term value creation. The significant decline in revenue has prompted a reassessment of the company's operational strategies.

Looking Ahead

As Yuranus Infrastructure navigates through these challenges, stakeholders will be keenly watching the company's efforts to revitalize its operations and improve financial performance. The search for new statutory auditors and potential strategic shifts in business focus will be crucial developments to monitor in the coming months.

The company's ability to adapt to current market conditions and identify new growth opportunities will be critical in reversing the downward trend observed in this quarter's results.

Yuranus Infrastructure Limited announced significant changes in its auditing structure alongside its Q1 FY2025-26 financial results. The company's statutory auditors, M/s Mistry & Shah LLP, Chartered Accountants, have tendered their resignation effective July 31, 2025, citing internal strategic realignment.

Auditor Resignation

M/s Mistry & Shah LLP, appointed on September 28, 2024, was originally slated to serve until the conclusion of the 35th Annual General Meeting. The firm's decision to resign stems from a policy shift to restrict their assurance services, including statutory audits. The auditors emphasized that this move is unrelated to any specific event, governance issue, or company performance.

The Board of Directors, on the recommendation of the Audit Committee, accepted the resignation during a meeting held on July 31, 2025. Prior to their departure, Mistry & Shah LLP completed their audit responsibilities, issuing an audit report for the financial year ended March 31, 2025, and a limited review report for the quarter ended June 30, 2025.

Q1 FY2025-26 Financial Performance

Alongside this development, Yuranus Infrastructure released its unaudited financial results for the first quarter of FY2025-26. The company reported:

The company experienced a significant decline in revenue from operations, dropping to ₹2.66 lakh in Q1 FY2025-26 from ₹1,521.36 lakh in the same quarter last year. This 99.83% decrease resulted in a net loss of ₹16.01 lakh, compared to a profit of ₹31.77 lakh in Q1 FY2024-25.

Management Commentary

The management attributed the substantial decline in revenue to limited viable trading opportunities aligned with its operational benchmarks and prevailing market conditions. They stated that they are evaluating new business avenues while maintaining a focus on prudent financial management and long-term value creation.

Looking Ahead

As Yuranus Infrastructure navigates through these changes, stakeholders will be keenly watching how the company addresses its financial challenges and the appointment of new statutory auditors. The company's ability to diversify its revenue streams and adapt to market conditions will be crucial in the coming quarters.

The board meeting, which commenced at 5:00 p.m. and concluded at 6:00 p.m. on July 31, 2025, approved these financial results and the auditor's resignation. Further details are available on the company's website at www.yuranusinfra.com .