Standalone Audited Financial Results for the 4th Qtr and FY ended 31st March, 2026. We are enclosing herewith the following: Annexure-A: Statement of Audited Financials Annexure-B: ....
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Alexander Stamps and Coin Ltd reported revenue of Rs. 27.23 Lakhs for FY2026, down significantly from Rs. 44.47 Lakhs in FY2025 (about 39% decline). The company posted a net loss of Rs. 1.62 Lakhs, though an improvement from the prior year's loss of Rs. 3.82 Lakhs. The auditors issued a Disclaimer of Opinion rather than a standard audit report due to three major concerns: missing documentation for non-current investments of Rs. 113.67 Lakhs, an unpaid income tax demand of Rs. 357.63 Lakhs for AY 2017-18 (neither appealed nor provided for), and inventory valuation based on a 2023 report rather than current assessment. The auditors flagged material uncertainty about the company's ability to continue as a going concern since non-moving inventories of Rs. 1,641.62 Lakhs represent 92.74% of total assets. Operating cash flow turned negative at Rs. 6.70 Lakhs versus positive Rs. 0.77 Lakhs in the prior year. The company plans to shift from an assets-heavy to an assets-light business model.
This is a highly concerning filing with multiple red flags. The disclaimer of opinion, going concern doubts, inventory concentration, and undisclosed tax liability suggest significant risks for shareholders. The stock may face selling pressure as institutional investors and compliance-focused traders avoid companies with audit disclaimers and uncertain valuations.