Further to our disclosure dated 15th May, 2025, wherein, the Company had inter-alia, disclosed the Statutory Auditor Report of even date with respect to the Standalone Financial Statements of the Company for the period ended on 31st March, 2025 and pursuant to the applicable provisions of Regulation 30 and Regulation 33 of the Listing Regulations, this is to hereby inform that the said Statutory Auditor Report on the Standalone Financial Statements of the Company for the period ended on 31st March, 2025 has been revised by the Statutory Auditor pursuant to the observation received from the Comptroller and Auditor General of India thereby modifying their observation in Paragraph (i) (c) of Annexure-B to the said Report. The revised Audit Report supersedes the earlier Audit Report dated 15th May, 2025.The revised Statutory Auditor Report on the Standalone Financial Statements of the Company dated 3rd July, 2025 for the period ended on 31st March, 2025 is enclosed herewith.
BALMLAWRIE · price
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Balmer Lawrie's statutory auditor has issued a revised audit report on the company's standalone financial statements for the year ended 31 March 2025. The revision was triggered by observations from the Comptroller and Auditor General of India (CAG) and modifies the auditor's comments on title deeds of certain immovable properties in Paragraph (i)(c) of Annexure-B. Importantly, the overall audit opinion remains clean and unmodified — the financial numbers themselves are not impacted. The report also flags a suspected fraud of Rs 190.25 Lakhs involving vendor payments in the Northern Region, which is under vigilance investigation; the company has recorded the amount as recoverable and simultaneously created an equal provision, resulting in no net profit-and-loss impact. The revised report, dated 3 July 2025, supersedes the original report dated 15 May 2025.
The revision is largely procedural and the clean (unmodified) audit opinion is preserved, so there is no change to reported financials. Shareholders should keep an eye on recovery of the Rs 1.9 crore flagged fraud, but since an equivalent provision has already been made, the earnings hit has been absorbed in the books.