AUDITED FINANCIAL RESULTS The Board of Director have considered and approved the Audited Financial Results along with Independent Auditor Report thereon for quarter and Year ended on ....
Awaiting price reaction for this filing.
Golkonda Aluminium Extrusions Ltd reported a net loss of Rs 3.40 Lakhs for FY2026 compared to a profit of Rs 6.48 Lakhs in FY2025, indicating a significant turnaround from profit to loss. Revenue from operations declined from Rs 32.04 Lakhs to Rs 27.19 Lakhs year-on-year. The auditors issued a qualified opinion stating the financial statements may not give a true and fair view due to non-provision of interest on loans amounting to Rs 1,825 Crores (pending conversion to equity) and non-compliance with IND-AS accounting standards. The company has massive borrowings of Rs 2,500 Crores and loans advanced of Rs 1,833.09 Crores, primarily to group companies. The auditor explicitly stated the company is not capable of meeting its liabilities falling due within one year, raising serious going concern doubts.
This is a highly concerning filing with multiple red flags including a qualified auditor opinion, going concern warning, non-compliance with IND-AS, and massive inter-company loans. Shareholders should exercise extreme caution as the company faces liquidity challenges and accounting irregularities.