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Auditor28 May 2026, 11:54 pm

Harig Crankshafts: Internal Auditor Re-appointed; FY26 Results Qualified

AI Summary

Harig Crankshafts Limited's Board of Directors met on May 28, 2026, approving the re-appointment of Mr. Payas Agarwal, Chief Financial Officer, as the Internal Auditor for the Financial Year 2026-2027. The Board also approved the Audited Standalone Financial Results for the quarter and year ended March 31, 2026. However, the statutory auditor, M/s M. B Gupta & Co., issued a qualified opinion on these results. The qualification stems from the company's failure to file Income Tax Returns from Assessment Year 2012-13 to 2023-24, preventing the auditor from obtaining sufficient evidence regarding tax compliance and its financial impact.

Key Highlights

  • Board re-appointed Mr. Payas Agarwal (CFO) as Internal Auditor for FY2026-27.
  • Audited Standalone Financial Results for Q4 and FY26 were approved.
  • Statutory auditor issued a qualified opinion on FY26 financial results.
  • Qualification due to non-filing of Income Tax Returns from AY 2012-13 to 2023-24.