FY26 audited results: qualified opinion, going concern doubt, no dividend
ANSALAPI · price
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Company submitted FY26 standalone audited results. Auditor issued qualified opinion citing non-recognition of Rs 2,326 lakh interest on NPA borrowings. Flagged material uncertainty on going concern due to accumulated losses of Rs 3,11,848 lakh and negative net worth of Rs 1,77,946 lakh. CIRP underway for Lucknow, Rajasthan, and Fernhill projects. Multiple pending arbitration awards and legal disputes. No dividend declared. Total income Rs 12,479 lakh, reported net profit Rs 3,622 lakh (adjusted would be Rs 1,296 lakh).
Severe financial distress with negative net worth, going concern doubt, and ongoing insolvency proceedings raise significant risk for shareholders.