We hereby Submitting the Financial Results of Quarter Ended 31st March,2026
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Crystal Business System Limited (formerly Sadhna Broadcast Limited) reported audited results for FY 2026 with total income of Rs. 914.44 Lacs and net profit of Rs. 11.67 Lacs (EPS Rs. 0.01). The company received a Qualified Opinion from its auditors BAS & CO. LLP due to non-compliance with the Employees' Provident Funds Act, Employees' State Insurance Act, and Payment of Gratuity Act. The company has failed to make required contributions/provisions under these statutes and has not recognised employee benefit obligations as per Ind AS 19. The financial impact is unquantified as historical employee data and potential liability assessments are pending. This is a repeated qualification — the same issue was flagged in the prior year (FY 2025) and remains unresolved. Total assets stand at Rs. 2,249.95 Lacs with net worth of Rs. 1,509.43 Lacs.
The repeated qualified opinion signals ongoing regulatory non-compliance and weak corporate governance around statutory employee contributions. The unquantified liability creates uncertainty for investors, though management claims the impact is material but not pervasive.