Rathi Graphic reappoints Nitin Brij & Co as internal auditor for FY26, FY27

ScanX News Rathi Graphic reappoints Nitin Brij & Co as internal auditor for FY26, FY27 1 min read | Published on 08 Sept 2026, 12:50 AM | Updated on 08 Sept 2026, 12:50 AM Reviewed by Anirudha B ScanX News Team Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Rathi Graphic Technologies Limited has ratified the re-appointment of M/s. Nitin Brij & Co., Chartered Accountants, as its internal auditor for the financial year ending March 31, 2026 (FY26). The board also approved the firm's appointment for the subsequent fiscal year, FY27. The decisions were taken during a board meeting held on September 7, 2026. The session commenced at 5:30 pm and concluded at 5:50 pm. Board Approvals The board acted on the recommendation of the audit committee to confirm M/s. Nitin Brij & Co. (Firm Registration No. 009771C) for the FY26 term. This ratification covers the internal audit activities undertaken by the firm during the financial year 2025-26. Additionally, the board approved the firm's engagement for FY27 to conduct internal audits of the company's functions and activities for that period. Auditor Profile M/s. Nitin Brij & Co. is described in the filing as a reputed firm with extensive experience in statutory audits, internal audits, and other professional assignments. The firm has served reputed companies in India. Regulatory Compliance The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The full details are available on the company's website. How might the extended engagement through FY27 impact Rathi Graphic Technologies' internal control frameworks and risk management strategies? fuzz it Are there any specific regulatory changes in India's auditing standards for FY26-27 that necessitated this early ratification and multi-year appointment? fuzz it What is the expected cost implication of retaining M/s. Nitin Brij & Co. for two consecutive fiscal years compared to competitive bidding? fuzz it ScanX News Rathi Graphic reappoints Nitin Brij & Co as internal auditor for FY26, FY27 2 min read | Published on 30 May 2026, 10:12 PM | Updated on 30 May 2026, 10:12 PM Reviewed by Add as a preferred source on Google *this image is generated using AI for illustrative purposes only. Rathi Graphic Technologies Limited has corrected its audited standalone financial results for the quarter and financial year ended March 31, 2026, following an inadvertent clerical error in the initial submission. The company reported a net loss of ₹106.82 lakh for the full year, with total expenses amounting to ₹107.43 lakh. The revision was necessary because the figures for the quarter ended March 31, 2026, were incorrectly derived by subtracting only the quarterly figures for the period ended December 31, 2025, from the full-year audited figures. The Board of Directors approved the corrected financial results on May 29, 2026, based on the recommendation of the Audit Committee. The Statutory Auditors, M/s H G & CO., issued an audit report with an unmodified opinion on the revised results. The company confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Financial Performance The company reported no revenue from operations for the quarter or the financial year ended March 31, 2026. Total expenses for the quarter stood at ₹24.30 lakh, driven primarily by finance costs of ₹13.04 lakh and depreciation and amortisation expenses of ₹8.43 lakh. For the full year, finance costs accounted for ₹51.08 lakh, while depreciation and amortisation expenses were ₹33.73 lakh. Particulars Quarter Ended 31.03.2026 (₹ in lacs) Year Ended 31.03.2026 (₹ in lacs) Total Revenue - - Total Expenses 24.30 107.43 Profit/(Loss) before Tax (24.14) (106.82) Net Profit/(Loss) for the period (24.14) (106.82) Earnings Per Share (Basic) (0.18) (0.79) Operational Status Rathi Graphic Technologies noted that its operations are temporarily closed as the company was undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. A resolution plan submitted by M/s Surbhika Steels Private Limited was approved by the National Company Law Tribunal (NCLT) in July 2023. The new management took control of the company's affairs effective February 7, 2025, and is currently in the process of implementing the resolution plan to revive operations. Financial Position As of March 31, 2026, the company's total assets stood at ₹883.23 lakh, comprising non-current assets of ₹856.83 lakh and current assets of ₹26.40 lakh. Equity share capital was reported at ₹135.92 lakh, while total equity was negative at ₹12.96 lakh. The company's borrowings amounted to ₹826.81 lakh under non-current liabilities. What is the specific timeline for the resumption of full-scale commercial operations under the new management? fuzz it How does Surbhika Steels Private Limited intend to address the negative equity and reduce the substantial debt burden? fuzz it What revenue generation strategies will the new management implement to offset the ongoing finance costs and depreciation? fuzz it view all