Considered and approved the Standalone Audited Financial Results of the Company for the Quarter and Year ended March 31, 2025 2. Considered and approved the Auditor''s Report for the Audited ....
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AMS Polymers' board approved its audited standalone results for Q4 and FY ended March 31, 2025, reporting total income of ₹10,096.36 lakh (up ~20.6% from ₹8,371.40 lakh last year) and net profit of ₹77.01 lakh (up ~26.6% from ₹60.82 lakh). The board also declared an 'unmodified opinion' to the exchange, but the actual auditor's report from KVA & Company is an ADVERSE OPINION, citing serious gaps in fixed asset records, unverified inventory, missing ageing/confirmation of receivables, no gratuity provision, and non-compliance with related-party transaction rules. The board separately appointed new Secretarial Auditor (Kundan Agrawal & Associates, 5-year term) and Internal Auditor (A Saini & Associates) for FY26.
Highly negative for shareholders — the auditor's adverse opinion is the strongest possible red flag, meaning the financial statements may not give a true and fair view, and the board's 'unmodified opinion' declaration appears to contradict the auditor's actual report. Despite headline profit growth, operating cash flow remains deeply negative at ₹(172) lakh and short-term borrowings have more than doubled, so investors should treat the reported numbers as unreliable until the company addresses these audit issues.