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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Acrow India Limited's Board approved audited financial results for FY 2025-26. Revenue from operations grew 177% to Rs. 896.60 Lakhs from Rs. 323.82 Lakhs in FY 2024-25. The company turned profitable with net profit of Rs. 43.05 Lakhs versus a loss of Rs. 88.09 Lakhs in the previous year. However, the statutory auditor issued a Qualified Opinion due to the company's failure to provide for gratuity liability as required under Accounting Standards. Management stated that with only 2 employees on payroll, the impact is not quantifiable. The company also appointed M/s. M K Ghatiya & Associates as internal auditor for FY 2026-27. Related party loan to Brindavan Cotton Private Limited stands at Rs. 1,997.99 Lakhs (repayable on demand).
The qualified audit opinion signals a compliance weakness regarding employee benefits accounting. Despite strong revenue growth and return to profitability, shareholders should monitor the gratuity liability issue. The substantial related party loan of nearly Rs. 20 crore warrants attention.