Un-audited Financial Result for the Quarter ended June 30, 2025
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Esaar (India) Limited announced its unaudited financial results for the quarter ended June 30, 2025, approved at the board meeting on August 23, 2025. The company also reported a change in statutory auditor: M/s. Sumit Ranka & Associates resigned effective August 11, 2025, and M/s. B.L. Dasharda & Associates was appointed as the new statutory auditor for a five-year term. The new auditor issued an unmodified (clean) limited review opinion on the Q1 results. However, the auditor included an Emphasis of Matter noting that Rs. 220 lakhs owed to creditors for share purchases remains unpaid even though the company had sold those shares long ago.
Shareholders should note the mid-year auditor change and the unresolved old payable of Rs. 220 lakhs flagged by the auditor, which reflects a governance and legacy liability concern. The clean (unmodified) review opinion is positive, but the emphasis matter highlights a lingering compliance issue that investors should track.