BSEAmit International LtdHighNegative
Announced Thu, 9 Jul · 19:35 IST
Auditor gives qualified opinion; six qualifications flagged for FY26
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Amit International's auditor issued a qualified opinion for FY26 with six qualifications: no provision for Rs 232.26 lakh doubtful advance to Topson Iron Ore India, no RBI registration under section 45-IA, employee retirement benefits not accounted per Ind AS 19, investments valued using stale 2021 data, loans not measured at fair value per Ind AS 109, and Rs 24.91 lakh interest not charged on certain loans. Company posted a net loss of Rs 15.25 lakh on Rs 8.26 lakh income. Net worth stands at Rs 1958.57 lakh.
Likely market impact
Six audit qualifications flag weak internal controls and a large unsecured doubtful advance with no provision. Net loss persists. Watch for management remedial action.