Audited Financial results along with Auditors report thereon for 31st March 2026
Awaiting price reaction for this filing.
Shree Narmada Aluminium Industries Ltd has reported a net loss of Rs. 68.39 Lakhs for FY2026 (vs profit of Rs. 27.82 Lakhs in FY2025). The company had zero revenue from operations and relies on other income. The auditors (SVH & Associates) have issued a Qualified Opinion citing material uncertainty about the company's ability to continue as a going concern, as net worth is fully eroded and negative equity stands at Rs. 792.55 Lakhs against borrowings of Rs. 610.38 Lakhs. The company, registered as a sick company under SICA 1985, has obtained possession of its Bharuch factory after a Supreme Court order (August 2025) confirmed an earlier scheme of arrangement. Operating cash flow was deeply negative at Rs. 67.34 Lakhs. The company is also considering terminating an agreement for sale which may create unascertainable liability.
This is a high-risk result filing. The qualified audit opinion with explicit going concern doubt, negative equity, zero operating revenue, and negative cash flow signal severe financial distress. Shareholders should be aware of potential de-listing risk and extreme volatility.