Aesthetik Engineers Approves Audited Results, Appoints New Auditors, Reviews IPO Funds
Aesthetik Engineers Limited held a Board of Directors meeting on May 23, 2026, where the board approved the audited financial results for the half year and full financial year ending March 31, 2026. The board also ratified the appointments of new internal and secretarial auditors and took note of the utilization of Initial Public Offering (IPO) proceeds.The company also placed on record a certificate from the Statutory Auditors regarding the utilization of IPO proceeds, showing that the total disclosed amount was 26.47 crore, with 25.47 crore actually utilized.
Governance and Appointments
At the meeting, the Board of Directors approved several key appointments for the Financial Year 2026-27, based on recommendations from the Audit Committee:- Internal Auditor: M/s Vaibhav & Co., Practicing Chartered Accountants, was appointed as the Internal Auditor. The firm's proprietor, CA Vaibhav Jain, has experience in Internal Audit, Risk Advisory, Taxation, Regulatory Compliance, and Corporate Advisory.
- Secretarial Auditor: Ms. Surbhi Bansal, a Practicing Company Secretary, was appointed as the Secretarial Auditor. Ms. Bansal brings over 10 years of experience specializing in corporate laws, secretarial compliances, and governance advisory.
Financial Results and Audit Opinion
The company released its audited standalone and consolidated financial results for the half year and full financial year ended March 31, 2026.The Statutory Auditors issued an audit report with an unmodified opinion on both the standalone and consolidated audited financial results for the period.
The company also provided key details on the consolidated financial results of its associated entities:
| Name of the Entity | Relationship with the Entity |
|---|---|
| M/s Aesthetik Renewables Pvt Ltd. | Wholly-owned subsidiary |
| M/s Solisys Solar Pvt Ltd. | Wholly-owned subsidiary |
| M/s Uday Tuff Private Limited | Associate |
Financial Snapshot
The board's records showed notable changes in the company's financial standing compared to the previous year.Consolidated Balance Sheet (Amount in Rs Lakhs)
| Particulars | As at 31 March, 2026 (Audited) | As at 31 March, 2025 (Audited) |
|---|---|---|
| Total Assets | 9,160.52 | 626420 |
| Non-Current Assets (PPE) | 347381 | 2,386.43 |
| Inventories | 261593 | 93829 |
| Cash and Cash Equivalents | 20888 | 29404 |
| Total Equity and Liabilities | 9,160.52 | 626420 |
| Other Equity | 330022 | 272426 |
| Current Liabilities (Borrowings + Payables) | 313.93 | 11228 |
Consolidated Cash Flow Statement (Amount in Lakhs)
| Item | For the year ended 31 March, 2026 | For the year ended 31 March, 2025 |
|---|---|---|
| Cash from Operating Activities | 1,485.59 | 267.23 |
| Purchase of Fixed Assets | (1,229.37) | (1.104.21) |
| Issue of Shares | 13 | 240415 |
| Net Cash from Operating Activities | 1,485.59 | 267.23 |
| Net Cash from Financial Activities | (152.26) | (1,981.45) |
Mergers and Corporate Actions
During the board meeting, the board also noted the utilization of proceeds from the IPO. The utilization of the issue proceeds as of March 31, 2026, shows that the total disclosed amount was 26.47 crore. The company utilized 25.47 crore, leaving 1 crore unutilized, which was intended for General Corporate Expenses.Furthermore, the board noted the Scheme of Merger by Absorption of LA Reliant Aluminum Limited (Transferor Company) with Aesthetik Engineers Limited (Transferee Company). This merger is subject to approval from various regulatory and statutory authorities and is effective from April 1, 2025, as the Appointed Date.
AESTHETIK Stock Price Movement
On Friday, Aesthetik Engineers Limited shares shed 2.57%, closing the session at ₹72.05. The stock settled the day with a total traded volume of 27,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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