Avenique Q2 FY26 results: qualified audit opinion, H1 net loss
Awaiting price reaction for this filing.
Board approved Q2 and H1 FY26 unaudited results. Auditor gave a qualified opinion, flagging unverified investments of Rs 8.93 crore, unconfirmed current liabilities, and unsupported deferred tax assets of Rs 52.09 lakh. Standalone H1 revenue Rs 206.20 lakh but net loss of Rs 12.02 lakh versus profit of Rs 20.18 lakh last year. Negative operating cash flow of Rs 43.19 lakh in H1. New auditor appointed mid-year after resignation of predecessor. Company recently emerged from NCLT CIRP, name changed from KDJ Holidayscapes. BSE trading approval still pending.
Qualified opinion and H1 loss flag serious financial control concerns. Auditor unable to verify Rs 8.93 crore of investments. Trading approval pending.