Outcome of Board meeting held on 28th May,2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Silicon Valley Infotech Limited reported audited financial results for FY2026 with a qualified opinion from its statutory auditors Agarwal Sanganeria & Co. The company posted total income of Rs. 21.92 lakhs (down from Rs. 34.52 lakhs in FY2025) and a net loss of Rs. 4.46 lakhs, versus a minimal profit of Rs. 0.01 lakh in the prior year. The auditors qualified their report because the company failed to achieve the required Net Owned Fund (NOF) as on March 31, 2026, with management stating it will comply 'at the earliest.' The company's net worth has turned negative at Rs. 53.68 lakhs, and negative other equity stands at Rs. 1,352.31 lakhs. The company also has a capital reduction petition pending before NCLT Kolkata. Related party transactions with promoter entities are disclosed at arm's length with NIL values.
The qualified audit opinion combined with negative net worth and failure to meet regulatory NOF requirements signals significant financial stress. Shareholders should be cautious as the company faces potential regulatory action and going concern doubts.