Delayed Q1 FY22 Results Filed; Auditor Issues Qualified Conclusion

Futura Polyesters filed Q1 FY22 results (quarter ended June 30, 2021), approved June 2, 2026, about 5 years late. Company clearing 18+ quarters of backlog from staff shortages; shares suspended. Auditor gave a qualified conclusion, citing NPA borrowings, understated finance costs, fully eroded net worth, and going concern doubt. Loss of Rs. 138.90 lakh from discontinued operations. Manufacturing halted December 2012. Rs. 243.45 crore OTS paid to lenders in June 2025.