
Board Meeting17 Jul 2026, 06:40 pm
Audroc Ltd Board Approves Q1 FY27 Unaudited Results, Reclassifies Director
AI Summary
Audroc Ltd announced that its Board of Directors, in a meeting held on July 17, 2026, approved the unaudited standalone financial results for the quarter ended June 30, 2026. The board also approved the reclassification of Mr. Karnik Shasankan Pillai from 'Promoter' to 'Professional Director', effective immediately, while he continues as Managing Director. The limited review report highlighted a significant write-off of subsidiary investments, loans, and tax balances totaling ₹7,41,000 against director's deposits.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Director Karnik Shasankan Pillai reclassified from Promoter to Professional.
- Mr. Pillai continues as Managing Director under existing terms.
- Subsidiary investments and loans written off worth ₹7,41,000.
- Limited Review Report issued by J. M. Patel & Bros.
Price Impact
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