Audroc Q1 FY27 results: qualified audit opinion over Rs 7.41 Cr write-off
Awaiting price reaction for this filing.
Audroc Limited (formerly Alka India) board approved Q1 FY27 results: revenue Rs 98.60 lakh, net profit Rs 4.34 lakh, EPS Rs 0.07. Auditor gave a qualified opinion, flagging direct write-off of Rs 7.41 crore covering subsidiary investments, loans and tax balances adjusted against director Mr Jatinbhai Patel's deposit instead of being routed through P&L, understating loss and overstating equity. Company renamed from Alka India to Audroc, business shifted from textile to agro-commodity (basmati rice). MD reclassified from Promoter to Professional Director.
Qualified audit opinion and Rs 7.41 crore irregular write-off tied to a director raise serious governance red flags; true loss position is much worse than reported.