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Clarification28 May 2026, 05:18 pm

Universal Autofoundry Revises Q4/FY26 Results, Approves Auditor Re-appointments

AI Summary

Universal Autofoundry Limited announced a revised outcome of its Board Meeting held on May 27, 2026. The revision was necessitated by an inadvertent totaling/formula error in the previously submitted Audited Standalone Financial Results for the Quarter and Year ended March 31, 2026, specifically affecting total other comprehensive income, total comprehensive income, and EPS. The Board approved the revised financial results and re-appointed M/s Shah Patni & Co. as Internal Auditors, M/s Girdhar Chaudhary & Co. as Cost Auditors, and M/s. Goverdhan Agarwal & Co. as Statutory Auditors for new terms. Additionally, the Board approved increasing the borrowing limit under Section 180(1)(c) and the limit under Section 180(1)(a) of the Companies Act, 2013, from ₹100 Cr to ₹150 Cr, subject to shareholder approval.

Key Highlights

  • Revised Q4 and FY26 audited financial results approved due to a calculation error.
  • Re-appointment of Internal, Cost, and Statutory Auditors for new terms approved.
  • Borrowing limit increased from ₹100 Cr to ₹150 Cr, subject to shareholder approval.
  • Limit under Section 180(1)(a) increased from ₹100 Cr to ₹150 Cr, subject to shareholder approval.