Outcome of Board Meeting held today i.e. Tuesday, 26th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for the year ended 31st March 2026. Total income increased significantly to Rs 7,753.63 lakhs from Rs 2,919.30 lakhs in FY2025. Profit after tax for the year stood at Rs 598.86 lakhs compared to Rs 72.94 lakhs in the previous year. However, the Q4 quarter showed a loss of Rs 219.69 lakhs. The auditors issued a Qualified Opinion citing five issues: lack of balance confirmations for receivables/payables/loans, unverifiable inventories worth Rs 2,500.10 lakhs, an outstanding IT demand of Rs 49 lakhs, missing edit logs in accounting software, and incomplete MSME vendor records. The company disclosed that accumulated losses exceed paid-up capital and reserves, current liabilities exceed current assets, raising going concern doubts.
The company shows improved annual profitability but faces serious governance and financial health concerns including auditor qualifications, going concern risks, and a loss-making Q4. Investors should exercise caution as the qualified audit opinion and undisclosed inventory details create significant uncertainty around the accuracy of reported financials.