financial result for the quarter ended on June 30, 2025.
Awaiting price reaction for this filing.
Pressure Sensitive Systems (India) Limited reported unaudited standalone results for the quarter ended June 30, 2025, with total income of Rs. 249.10 lakh and a small profit after tax of Rs. 5.24 lakh (EPS of Rs. 0.00), improving from a loss of Rs. 10.43 lakh in the same quarter last year. The statutory auditor MAAK & Associates, however, issued a Limited Review Report containing a 'Basis for Disclaimer of Opinion' section, flagging that inventory records are based solely on management certification and the company's accounting software does not have an adequate audit trail. Strikingly, in a separate filing the company declared the auditor's opinion as 'unmodified and unqualified,' which directly contradicts the disclaimer language in the auditor's own report.
The contradiction between the auditor's disclaimer language and the company's claim of an unqualified opinion is a serious governance red flag that shareholders should watch closely. While headline Q1 numbers show a swing to profit, the inability to independently verify inventory and weak accounting software controls undermine confidence in the reported figures.