Cerebra Integrated Technologies Limited has informed the Exchange regarding Change in Auditors of the company.
CEREBRAINT · price
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Awaiting price reaction for this filing.
Cerebra Integrated Technologies reported its Q1 FY26 results showing a sharp deterioration — revenue collapsed to ₹179.05 lakhs from ₹1,017.27 lakhs in Q1 FY25, with a loss before tax of ₹1,555.40 lakhs. The statutory auditor YCRJ & Associates issued a 'Disclaimer of Conclusion' on the results, citing material going concern doubts, eroded net worth, ceased refurbishment operations, workforce reductions, and uncertainty over recovery of receivables including ₹100.28 crore stuck with an overseas buyer for over 2 years. The Board re-appointed YCRJ & Associates for a second 5-year term as statutory auditor and appointed Mr. Parameshwar Bhat as the new Secretarial Auditor for 5 years, both subject to shareholder approval. The company also disclosed a loan default of ₹23 crore as on June 30, 2025.
This is a deeply negative filing for shareholders. The auditor's disclaimer of conclusion and going concern warning, combined with massive losses, an 82% revenue decline, ₹23 crore loan default, and severe doubts over recoverability of large receivables, signal serious financial distress and elevated risk of further value erosion. Shareholders should expect continued volatility and closely track AGM outcomes on auditor appointments and any restructuring moves.