Manbro Industries Limited, a company listed on the Bombay Stock Exchange (BSE: 512595), announced the unexpected resignation of its statutory auditors, M/s Umesh Amita & Co., Chartered Accountants. The resignation, effective immediately from August 11, 2025, comes less than a year into their appointment.

Reasons for Resignation

The auditing firm, in their resignation letter, cited pre-occupation as the primary reason for their inability to continue as the company's statutory auditors for the Financial Year 2025-2026. This development has prompted Manbro Industries to initiate the process of appointing new auditors to fill the vacancy.

Timeline of Events

• September 25, 2024: M/s Umesh Amita & Co. were appointed as statutory auditors.
• August 2, 2025: The firm submitted an un-audited report for the quarter ended June 30, 2025.
• August 11, 2025: The auditors tendered their resignation with immediate effect.

Impact and Next Steps

The resignation comes at a crucial time, as M/s Umesh Amita & Co.'s term was originally scheduled to conclude at the company's Annual General Meeting (AGM) in 2029. This premature exit leaves Manbro Industries in a position to quickly find a replacement to ensure continuity in their financial reporting and compliance processes.

Dilip Kumar Goenka, Managing Director of Manbro Industries Limited, stated in the company's BSE filing, "The Audit Committee and Board of Directors will take note of the resignation of statutory auditors in its upcoming meetings and will take necessary steps to fill the casual vacancy caused due to resignation by way of appointment of new Statutory Auditors."

Regulatory Compliance

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Manbro Industries has duly informed the BSE about this significant change. The company has also provided the necessary details as required under SEBI circulars, ensuring transparency in its communications with stakeholders.

As the company moves forward, investors and stakeholders will be keenly watching for announcements regarding the appointment of new statutory auditors and any potential impact on the company's financial reporting timeline.

Manbro Industries Limited, formerly known as Unimode Overseas Limited, has reported a significant turnaround in its financial performance for the first quarter of the fiscal year 2026. The company announced a profit of ₹7.58 million for the quarter ended June 30, 2025, marking a substantial improvement from a loss of ₹1.41 million in the same quarter of the previous year.

Financial Highlights

All figures in millions of Indian Rupees, except for EPS

Revenue Composition

Interestingly, the company's total revenue of ₹8.21 million for the quarter was primarily derived from other income, with no revenue from operations reported. This marks a shift from the previous year's first quarter, which saw operational revenue of ₹12.29 million.

Expense Management

Manbro Industries demonstrated significant improvement in expense management. Total expenses decreased dramatically to ₹0.66 million in Q1 FY2026 from ₹13.71 million in the corresponding quarter of the previous year. This reduction in expenses played a crucial role in the company's profitability for the quarter.

Board Approval and Reporting

The unaudited standalone financial results were approved by the company's board of directors in a meeting held on August 2, 2025. The meeting, which took place at the 6th Floor, Sri Kamakhya Tower, Christian Basti, G S Road, Guwahati, commenced at 12:30 P.M. and concluded at 1:00 P.M.

Regulatory Compliance

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Manbro Industries has submitted the approved unaudited standalone financial results along with the Limited Review Report for the quarter ended June 30, 2025, to the BSE Limited.

Conclusion

The company's performance this quarter represents a notable turnaround, with a shift from operational revenue to other income sources and a significant reduction in expenses contributing to the positive bottom line.