Declaration regarding Disclaimer of Opinion on Audit Report for the year ended on 31st march 2026
Awaiting price reaction for this filing.
The company's statutory auditors, VRSK & Associates, have issued a Disclaimer of Opinion on the Standalone Audited Financial Results for FY 2025-26. The auditors found two material issues: (1) the company failed to maintain accounting software with audit trail features as mandated under Companies (Accounts) Rules 2014, meaning transaction logs and edit records were not properly preserved; and (2) the financial statements do not comply with Indian Accounting Standards (Ind AS) specified under Section 133 of the Companies Act. A disclaimer means auditors cannot express any opinion on the reliability of the financial statements, which is a serious red flag regarding the company's financial reporting integrity and internal controls.
A disclaimer of opinion is a severe audit finding that signals significant compliance failures and potential financial irregularities. This increases regulatory scrutiny risk and could lead to SEBI action or market penalties. Shareholders should exercise extreme caution as the credibility of the company's financial statements is seriously compromised.