Audit Report for financial year 2025-26 enclosed
Awaiting price reaction for this filing.
BGS & Associates issued a clean unqualified audit opinion on the standalone financial statements of Netripples Software Limited for FY 2025-26, confirming the statements give a true and fair view in accordance with Ind AS. The auditors included an Emphasis of Matter drawing attention to the going concern assumption used in preparing the financial statements, though the opinion was not modified. Key Audit Matters addressed revenue recognition under IND AS 115 for software service contracts and valuation of Deferred Tax Assets involving management judgment. CARO 2020 Annexure confirms no material uncertainties about meeting liabilities within one year, no pending litigations, no fraud reported, and no related party transaction violations. The company is not required to maintain cost records or comply with CSR provisions.
The clean audit opinion with no modifications is positive; however, the Emphasis of Matter on going concern warrants shareholder attention as it signals potential doubts about the company's long-term viability, despite auditors confirming no material uncertainty in the near term.