Outcome of Board Meeting held today i.e. 29th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited financial results for Q4 and the year ended 31st March 2026. Total income for the year stood at Rs. 662.91 lakhs with net profit of Rs. 244.46 lakhs, compared to Rs. 366.96 lakhs income and Rs. 216.26 lakhs profit in the previous year. The company's total assets are Rs. 15,564.63 lakhs with net worth of Rs. 10,437.98 lakhs. However, the statutory auditors issued a qualified opinion citing three concerns: cash salary payments of Rs. 24 lakhs without proper documentation, TDS deducted but unpaid to authorities, and unsecured loans of Rs. 8,187.74 lakhs taken without loan agreements and no interest provision. The Board did not recommend any dividend for FY 2025-26.
While the company reported profit growth of 13% year-on-year, the auditors' qualified opinion raises red flags about compliance and governance practices, particularly the large unsecured loans without documentation. Investors should carefully review the audit qualifications before making investment decisions.