Ardi Alliances Q1 FY27 result; auditor flags verification gaps

Ardi Alliances filed Q1 FY27 (June 2026) unaudited results. The auditor (S K Bhavsar and Co) issued an unqualified review report but added an Emphasis of Matter. Trade receivables, payables, loans and advances are pending confirmation and reconciliation with external parties. The company had no GSTIN during the period so revenue from goods sales needs specific GST verification. Investment values and supporting documents were not provided, so the auditor relied on management representations. Profit before extraordinary items and tax was about 5.32 lakhs.