INDEPENDENT AUDIT REPORT FROM STATUTORY AUDITORS 29.05.2026 FY ENDED 31.3.2026

SMGA & Co. has issued an unqualified audit report for FY 2025-26 (year ended March 31, 2026), confirming the financial statements give a true and fair view. The company is an investment and trading entity with no fixed assets, inventory, or bank borrowings. The auditor flagged that the company has granted unsecured loans totaling ₹2.41 crore to four entities, with ₹87 lakh in principal overdue for more than 90 days. Interest receipts from these loans have been irregular for two years. Extensions were granted on some loans during the year. No fraud or material misstatement was detected. Internal financial controls were found adequate and operating effectively. The company has no pending litigations, no cash losses in either year, and is not an NBFC or Nidhi company.