Board clears delayed results; auditor flags qualified opinion; CIRP continues
ANSALAPI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved delayed Q3 FY25, full FY25, and Q1-Q3 FY26 results, filed late due to ongoing CIRP and board approval delays. Auditor issued a qualified opinion: company did not recognize about Rs 3,005 lakh interest on NPA loans (Rs 6,374 lakh consolidated), and 61 of 89 subsidiaries are unaudited. Standalone net loss widened to Rs 1,71,021 lakh; consolidated loss Rs 1,29,717 lakh; net worth deeply negative at Rs 1,81,621 lakh. No dividend declared. MRKS and Associates reappointed as statutory auditor for 5 years. SOP fine noted for late filing.
Massive losses, negative net worth, qualified audit opinion, and ongoing CIRP signal serious financial distress. Shareholders face high risk; no dividend.