Saumya Consultants Reports Annual Loss and Proposes Auditor Change

Profit After Tax dropped to a loss of Rs 43.72 lakh from a prior profit of Rs 921.14 lakh. Earnings Per Share moved to a negative Rs 6.33 from a positive Rs 13.34.

Reader Takeaway: The loss stems from fair value fluctuations in investments; investors should monitor the new auditor's oversight.

What just happened

Saumya Consultants Ltd held its 33rd Annual General Meeting (AGM) notice, disclosing financial results for the year ended March 31, 2026. The firm recorded a significant swing in performance, reporting a Profit After Tax (PAT) loss of Rs 43.72 lakh compared to the previous year's profit of Rs 921.14 lakh. Consequently, no dividend has been recommended for the shareholders for the current financial year.

Why this matters

The material decline in profitability highlights the vulnerability of the company's financial health to market-led fair value adjustments within its investment portfolio. This swing to a loss reflects a challenging year for the firm's core asset performance, directly impacting shareholder returns.

Auditor Transition

Following the conclusion of the term for existing statutory auditors, M/s A.K. Meharia & Associates, the board has proposed a change. Shareholders will vote at the 33rd AGM on September 24, 2026, to appoint M/s ALPS & Co. as the new statutory auditors for a five-year term, spanning until the 38th AGM in 2031.

Corporate Governance

The company maintained standard compliance during the year, holding 13 board meetings. Independent directors Anuj Kumar Modi and Mohit Gaddhyan confirmed their independence, and the company clarified that all related party transactions were conducted at arm's length.

What to track next

Investors should look for signs of recovery in the fair value of the firm's investment portfolio in upcoming quarterly disclosures, alongside the integration of the new statutory auditing team.