Aditya Forge Q1 FY27 results: auditor issues qualified opinion
Awaiting price reaction for this filing.
Aditya Forge board approved Q1 FY27 standalone results on Aug 14, 2026, with revenue from operations at zero. The company posted a loss of about Rs 1.41 lakh vs a loss of Rs 1.17 lakh a year ago. Reserves remain deeply negative at about Rs 772.25 lakh. The auditor issued a qualified opinion, flagging that balance confirmations for trade receivables, payables, and loans were not provided. A note also highlights an income tax notice with uncertain outcome and no provision made. The board also cleared the draft Directors Report for FY 2025-26.
Multiple red flags - zero operating revenue, negative reserves, qualified audit view, and an open tax notice all weigh on the stock and raise going-concern questions.