Allied Digital Services Limited has informed the Exchange regarding 'Revised Submission of Audited Consolidated Statement of Assets and Liabilities as at March 31, 2026 and Audited Consolidated Statement of Cash Flow for the Year ended March 31, 2026 '.
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Allied Digital Services resubmitted its audited FY2026 consolidated financial results after discovering errors in the originally filed figures. The errors affected Trade Receivables, Loans, Operating profit before working capital changes, and Cash Flow from Investing activities. The company's revenue grew 13.6% year-on-year to Rs. 96,791 lakhs, while PAT increased 10.6% to Rs. 3,552 lakhs. However, operating cash flow turned negative at Rs. 7,852 lakhs due to a significant rise in trade receivables (from Rs. 18,754 lakhs to Rs. 32,036 lakhs) and other working capital outflows. The auditor issued a Qualified Opinion citing the company's non-compliance with Section 186(7) of the Companies Act regarding interest-free loans to subsidiaries, though this was partially rectified during the year through loan-to-equity conversions and interest charging.
The qualified opinion raises concerns about governance and regulatory compliance, while the negative operating cash flow despite revenue growth signals potential working capital stress. The revision also raises questions about internal controls over financial reporting. Shareholders should monitor the company's ability to collect receivables and restore positive cash generation.