Lorenzini Apparels Limited Announces Q3 Financial Results and Appoints New Statutory Auditor
Lorenzini Apparels Limited has approved the unaudited financial results for the quarter ended June 30, 2026, alongside significant updates regarding its statutory audit firm. The company also announced the appointment of a new auditor to fill a casual vacancy.The Board of Directors reviewed and approved the Q3 financial statements in light of operational performance during the quarter. These results were conducted according to applicable accounting standards.
Financial Performance Highlights (Quarter Ending June 30, 2026)
A summary of the key financial metrics for Lorenzini Apparels Limited is presented below:| Particulars | Q3 FY26 (Unaudited) (Rs. in Lakh) |
|---|---|
| Revenue From Operations (Net of Taxes) | 1,669.17 |
| Other Income | 205.06 |
| Total Income | 1,874.23 |
| Profit before exceptional items and tax (PBIT) | 299.82 |
The results reflect performance against prior periods:
| Metric | Q3 FY26 (Unaudited) | Q4 FY25 (Audited) | Q3 FY25 (Unaudited) | Q4 FY26 (Audited) |
|---|---|---|---|---|
| Revenue From Operations (Net of Taxes) | 1,669.17 | 2,575.98 | 919.08 | 7,274.99 |
| Profit before exceptional items and tax | 299.82 | 11,110.00 | 199.85 | 602.95 |
Auditor Transition Details
The company confirmed the resignation of M/s Mittal & Associates, Chartered Accountants, from the office of Statutory Auditors due to preoccupation in other assignments.To manage this vacancy, the Board of Directors recommended the appointment of M/s ADM S & Associates, Chartered Accountants, as the Statutory Auditor. This appointment is intended to fill the casual vacancy resulting from the resignation and is subject to shareholder approval effective August 11, 2026.
Details pertaining to the new audit firm are provided in an annexed document:
| Particulars | Details |
|---|---|
| Company Name | Lorenzini Apparels Limited |
| New Auditor | M/s ADM S & Associates (FRN: 123456W) |
| Reason for Change | Appointment to fill the casual Vacancy caused by resignation of M/s Mittal & Associates. |
| Effective Date of Appointment | August 11, 2026 |
The board meeting commenced at 4:30 P.M. and concluded the same day. The company affirmed that its preparation of the financial results adheres to Indian Accounting Standards (Ind AS).
LAL Stock Price Movement
Shares of Lorenzini Apparels Limited today shed 2.06%, closing at ₹8.67 as investors reacted to market movements. The stock traded within a volatile intraday range, registering a high of ₹8.89 but touching a low of ₹8.32 during the trading session.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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