Universal Autofoundry Ltd
Revised Outcome of the Meeting held on Wednesday, 27th May, 2026 due to revision in Audited Standalone Financial Results for Quarter and Year ended 31st March, 2026 (Clarification stated)
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 28 May 2026, 11:48 AM IST · BSE ID: 52a7625b-abca-4469-a405-fa068c26f7f1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company revised its full-year financial results due to a calculation error and made several re-appointments of its auditors.
🤖 AI Summary
- Board approved Audited Standalone Financial Results for Q4 and Year ended March 31, 2026, rectifying prior error in comprehensive income and EPS.
- Re-appointment of M/s Shah Patni & Co. as Internal Auditors for one year, effective April 1, 2026 to March 31, 2027, was approved.
- Re-appointment of M/s Girdhar Chaudhary & Co. as Cost Auditors for FY26-27 with revised remuneration, subject to shareholder ratification, was approved.
- M/s. Goverdhan Agarwal & Co. re-appointed as Statutory Auditors for a second five-year term (2026-2031), pending shareholder approval.
- Approval granted for increasing borrowing limit from 100 Cr to 150 Cr, and undertaking limit from 100 Cr to 150 Cr, subject to shareholder approval.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Assets (FY26)
16356.17
Total Assets (FY25)
14110.60
Non-current Borrowings (FY26)
3025.18
Non-current Borrowings (FY25)
1552.75
Existing Borrowing Limit
100 Cr
Proposed Borrowing Limit
150 Cr
Existing General Undertaking Limit
100 Cr
Proposed General Undertaking Limit
150 Cr
🏢 How This Affects the Company
Non-current borrowings increased to 3025.18, up from 1552.75 in the prior year. Current borrowings saw a rise to 3191.29 compared to 3054.32.
The re-appointment of internal, cost, and statutory auditors ensures continuity and compliance with financial oversight processes.
The revision of financial results, while correcting an error, highlights internal verification processes. Shareholder approval for increased borrowing limits introduces a future financing flexibility or potential increase in debt.
👥 What This Means For Shareholders
✅
Action Required
Shareholders will be required to vote on the re-appointment of the Statutory Auditors and the increase in borrowing and general undertaking limits at the upcoming 17th Annual General Meeting.
👤
Who Is Affected
All shareholders are affected by the approved audited financial results. Shareholders will also have a direct vote on key decisions related to the company's borrowing capacity and auditor appointments.
🔍
Management Signal
Management intends to maintain continuity in its auditing oversight and seeks expanded financial flexibility through increased borrowing and general undertaking limits, subject to shareholder endorsement.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Shareholder approval for increased borrowing limit at 17th AGM.
Shareholder approval for Statutory Auditors' re-appointment at 17th AGM.
Confirmation of Cost Auditors' remuneration at ensuing 17th Annual General Meeting.
MEDIUM RISK
The revision of financial results and the substantial increase in non-current borrowings warrant careful attention to financial health and reporting accuracy.
💡 Investor Takeaway
Universal Autofoundry revised its Q4 and FY26 audited financial results due to a calculation error in comprehensive income and EPS. The company also approved re-appointment of its internal, cost, and statutory auditors. The board seeks shareholder approval to increase borrowing and general undertaking limits from 100 Cr to 150 Cr.
⚖️ Strengths & Concerns
✅ Positives
- Total Assets increased to 16356.17 from 14110.60 in the prior year, indicating asset base expansion.
- Non Current Financial Assets (Other Financial Assets) rose to 663.10 from 296.57, suggesting growth in long-term financial holdings.
⚠️ Concerns
- Non Current Borrowings increased to 3025.18 from 1552.75, representing a substantial rise in long-term debt.
- Inventories decreased to 1973.19 from 2352.92, which could indicate lower stock levels or sales adjustments.
📅 Company Track Record
Universal Autofoundry Ltd (CIN: L27310RJ2009PLC030038) was incorporated in 2009. The company has no previous filings available for historical comparison of financial results or significant corporate actions on ForgeUp.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
Why did Universal Autofoundry Ltd revise its Q4 and FY26 financial results?
Universal Autofoundry Ltd revised its Q4 and FY26 financial results due to an inadvertent totaling/formula error affecting total other comprehensive income, total comprehensive income, and EPS figures.
What were Universal Autofoundry's total assets for the year ended March 31, 2026?
Universal Autofoundry's total assets stood at 16356.17 for the year ended March 31, 2026, compared to 14110.60 in the previous year.
What is the proposed increase in Universal Autofoundry's borrowing limit?
Universal Autofoundry's Board approved increasing the borrowing limit under section 180(1)(c) of the Companies Act, 2013 from 100 Cr to 150 Cr, subject to shareholder approval.
Which auditors were re-appointed by Universal Autofoundry Ltd?
Universal Autofoundry Ltd 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.
Questions based on this BSE filing only. For information purposes.