Bindal Exports Limited has informed the exchange regarding outcome of board meeting held on 30/05/2026.
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Awaiting price reaction for this filing.
Bindal Exports Limited reported audited standalone financial results for FY 2025-26. Revenue from operations declined to Rs 2,247.07 Lakhs from Rs 2,700.58 Lakhs in the previous year, representing a 16.8% revenue decline. However, the company returned to profitability with Profit After Tax of Rs 28.10 Lakhs compared to a loss of Rs 98.60 Lakhs in FY 2024-25. EPS improved from Rs -2.14 to Rs 0.61. The statutory auditor issued a qualified opinion citing three issues: non-ascertainment of gratuity liability through actuarial valuation, absence of provision for leave salary on accrual basis, and absence of provision for bonus on salary on accrual basis. The company is listed on BSE SME Platform and exempted from IND-AS requirements.
The qualified audit opinion raises concerns about corporate governance and understating of liabilities. While the company turned profitable from a loss-making position, the revenue decline and audit qualifications may create caution among investors regarding the reliability of financial reporting.