This is with reference to our earlier annoucement dated 15th May, 2026 We hereby Submitting the financial Results of Quarter Ended 31st March, 2026.
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Crystal Business System Limited reported audited financial results for Q4 and FY2026 ended March 31, 2026. The company posted total income of Rs 914.44 lakhs and total expenditure of Rs 879.89 lakhs, resulting in a net profit of Rs 11.67 lakhs with EPS of Rs 0.01. Total assets stood at Rs 2249.95 lakhs against total liabilities of Rs 740.52 lakhs, with net worth of Rs 1509.43 lakhs. The auditor issued a Qualified Opinion due to the company's non-compliance with employee benefit laws including EPF Act, ESI Act, and Payment of Gratuity Act - failing to make required contributions and provisions under these statutes. This non-compliance with Ind AS 19 (Employee Benefits) was also flagged in the previous year's audit and remains unresolved. The financial impact of this qualification is unquantified as per management.
The Qualified Opinion indicates regulatory compliance issues regarding employee statutory dues. While the company remains profitable with positive net worth, shareholders should note that unfunded employee benefit obligations could create future liability exposure. The repeated nature of this qualification suggests ongoing governance concerns.