Innomet Advanced Materials Limited — Others, 29-05-2025: Appointment

Innomet Advanced Materials Limited has approved the audited financial results for the half year and year ended March 31, 2025, with a clean audit opinion. The company identified and corrected undercharged depreciation of Rs 27.47 lakh due to asset life estimation errors and fixed inventory valuation mistakes related to GST and market price. These adjustments were reflected in reserves without affecting the audit outcome. Hemant K & Company has been appointed as internal auditor for FY 2025-26. The utilization certificate confirms major IPO proceeds were used for working capital, capex, loan repayment, corporate expenses, with some funds still held in escrow.