Board approves FY26 results; auditor issues disclaimer on going concern
A2ZINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved audited FY26 results. Revenue from operations rose to Rs 11,393.66 lakhs from Rs 4,854.93 lakhs YoY, but net loss widened to Rs 279.25 lakhs. Accumulated losses of Rs 1,07,659.78 lakhs have nearly wiped out net worth, and current liabilities exceed current assets by Rs 6,491.75 lakhs. Auditor issued a disclaimer of opinion citing going concern doubts, NPA borrowings with Rs 3,935.93 lakhs unrecognised interest, and material uncertainty over the Tanzania branch. Results were delayed by about six weeks, attracting BSE and NSE fines.
Very high risk: auditor flagged going concern doubts, net worth nearly erased, NPA loans, and pending arbitral awards of Rs 7,234.73 lakhs against the company.