1. Standalone Audited Financial Results for the Fourth Quarter and Financial Year ended March 31, 2026. In this connection, we are enclosing herewith the following: Annexure - A: ....
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Alexander Stamps and Coin Ltd reported Total Revenue of Rs 27.23 Lakhs for FY2026, down significantly from Rs 44.47 Lakhs in FY2025 (approximately 39% revenue decline). The company recorded a Net Loss of Rs 1.62 Lakhs for the year, though this is an improvement from the Rs 3.82 Lakhs loss in the previous year. The auditors (M Sahu & Co.) issued a DISCLAIMER OF OPINION rather than a standard audit opinion, meaning they could not certify the financial statements. Key concerns include: non-moving inventories worth Rs 1641.62 Lakhs (92.74% of total assets), unaudited non-current investments of Rs 113.67 Lakhs, and an outstanding income tax demand of Rs 357.63 Lakhs for Assessment Year 2017-18 that has neither been appealed nor provided for. The auditors flagged material uncertainty about the company's ability to continue as a going concern. Operating cash flow was negative at Rs 6.70 Lakhs. The company also appointed new internal auditors for FY2026-27.
This is a highly concerning filing for shareholders. The disclaimer of opinion is more serious than a qualified opinion, indicating fundamental doubts about financial reliability. The going concern warning, massive non-moving inventory, and unaccounted tax liability pose serious risks. Investors should exercise extreme caution as the company's financial health and future viability are in serious doubt.