Cerebra Integrated Technologies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
CEREBRAINT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cerebra Integrated Technologies Limited reported a massive 83% revenue decline to Rs. 5.95 crore for FY2026 (from Rs. 35.62 crore in FY2025), alongside a standalone net loss of Rs. 71.64 crore. The auditors (YCRJ & Associates) issued a DISCLAIMER of opinion on both standalone and consolidated financial results, refusing to express any opinion due to multiple material uncertainties. Key audit concerns include: (1) substantial doubt about the company's ability to continue as a going concern given recurring operating losses, workforce reductions, and cessation of refurbishment operations; (2) ad hoc inventory devaluation of Rs. 9.76 crore without supporting documentation; (3) Rs. 5.98 crore receivable from a subsidiary whose net worth is completely eroded; (4) Rs. 143.07 crore in trade receivables (Rs. 142.99 crore outstanding over 1 year) with inadequate provisioning; (5) Rs. 100.28 crore overdue from sale of an erstwhile overseas subsidiary (payment expired over 2 years ago); and (6) Rs. 20.29 crore in capital advances outstanding over 1 year without provisions. The company had an exceptional item of Rs. 9.76 crore in inventory devaluation.
This is an extremely negative development. A disclaimer of opinion is the most severe auditor qualification, indicating fundamental doubts about the reliability of the financial statements. The company faces existential going concern risks, with auditors explicitly questioning its ability to continue operations. Shareholders should be aware of material uncertainties across nearly all major asset categories.