Outcome of Board meeting dated 29th March 2026 for consideration of Audited Standalone and consolidated financial results of the company for the Quarter and year ended 31st March 2026.
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Constronics Infra Ltd reported audited standalone total income of Rs 4,861.42 lakhs and net profit after tax of Rs 310.61 lakhs for FY 2026. The statutory auditor B. Thiagarajan & Co. issued a Qualified Opinion on both standalone and consolidated financial results due to Rs 5.87 lakhs in cash seized by an Investigating Agency in connection with an unrelated investigation. The company has not made any provision for this seized amount. Had the provision been recognized, profit before tax would have been Rs 410.47 lakhs instead of Rs 416.34 lakhs. Cash and cash equivalents declined sharply from Rs 708.70 lakhs to Rs 47.45 lakhs in standalone results. The company also served as corporate guarantor for subsidiary Constronics Energy Solutions Private Limited's SBI term loan.
The Qualified Opinion raises concerns about financial transparency and unresolved legal/regulatory issues. The seized cash amount and lack of provision may negatively impact investor confidence, though the overall profit remains positive.