Pursuant to Regulations 30, 33 and other applicable regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of Directors ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deep Polymers Ltd reported FY2026 standalone revenue of Rs. 9,872.42 Lakhs, up marginally from Rs. 9,817.16 Lakhs in FY2025 (0.6% growth). Profit after tax grew 28.7% to Rs. 665.59 Lakhs from Rs. 517.34 Lakhs, while EPS improved to Rs. 7.21 from Rs. 2.11. However, statutory auditors S.N. Shah & Associates issued a QUALIFIED OPINION on both standalone and consolidated results. The qualification highlights two issues: Rs. 308.06 Lakhs in trade receivables under legal recovery where no doubtful debt provision was made (overstating profit and assets), and non-compliance with Ind-AS 21 for foreign currency restatement.
The qualified audit opinion raises red flags about accounting integrity - investors should note the questionable trade receivables of Rs. 308.06 Lakhs and potential profit overstatement. While PAT growth is strong, the auditor's concerns may weigh on investor sentiment and attract regulatory scrutiny.