StockWatch
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Iron & Steel
Auditor11 Aug 2026, 03:37 pm

Prakash Industries Appoints SGAJ & Associates as Statutory Auditors

AI Summary

Prakash Industries Ltd announced the appointment of M/s. SGAJ & Associates, Chartered Accountants, as its new Statutory Auditors for a term of 5 years, commencing from the conclusion of the 45th AGM on September 30, 2026. This appointment follows the completion of the second term of the existing auditors, Chaturvedi and Co. LLP. The company also reported its unaudited financial results for the quarter ended June 30, 2026, with revenue from operations at ₹1,03,200 and profit after tax at ₹7,127. Additionally, the Board approved the inclusion of ten officials into the Senior Management Personnel category.

Key Highlights

  • New statutory auditors appointed for a 5-year term.
  • Existing auditors completing their second term.
  • Unaudited Q1 FY27 revenue ₹1,03,200, PAT ₹7,127.
  • Ten personnel appointed to Senior Management.
  • Board meeting held on August 11, 2026.