Audited Financial Result for the March 31, 2026
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Ardi Alliances Limited (formerly Ardi Investment and Trading Co Ltd) reported audited financial results for FY2026 with total income of Rs 293.49 lakh, a significant decline from Rs 1,927.72 lakh in the previous year. Net profit for the year stood at Rs 3.82 lakh compared to Rs 6.47 lakh in FY2025. The auditor issued an unmodified opinion but raised multiple Emphasis of Matter paragraphs highlighting: inability to verify trade receivables, payables, and inventory due to missing balance confirmations and supporting documents; non-compliance with Companies Act 2013 for not appointing an Internal Auditor; non-disclosure of MSME creditor bifurcation; unconfirmed supplier advances; and unverified loan agreements and investments. The company has negative other equity of Rs 6.96 lakh and non-current borrowings of Rs 143.03 lakh.
The significant 85% revenue decline combined with multiple audit reservations and weak internal controls raises serious concerns about financial transparency and reliability. The negative equity position and heavy reliance on borrowings relative to equity (debt-equity of 4.33x) indicate elevated financial risk for shareholders.