outcome for the board meeting held on 29th may 2026 for approval of audited financial results for quarter and year ended 31st march 2026 commenced at 03:00 PM and concluded at 05:00 PM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Fruition Venture Ltd reported audited financial results for Q4 and FY ended March 31, 2026. The auditor issued an unmodified (clean) opinion. Revenue from operations dropped to zero in the current year from Rs. 162.65 Lacs previously, likely due to discontinued operations. Profit before tax was Rs. 38.53 Lacs for the year. However, the company incurred a massive tax expense of Rs. 136.79 Lacs, largely due to a Rs. 103.04 Lakh write-off following an Income Tax reassessment, resulting in a net loss for the year. The company also issued 26,00,060 fully convertible warrants at Rs. 201 per warrant during the year. Borrowings were completely eliminated (from Rs. 49.11 Lacs to zero), indicating significant deleveraging.
The clean audit opinion provides assurance, but the revenue collapse and large tax write-off resulting in annual losses are concerning. The warrant issuance and debt elimination show attempts to strengthen the balance sheet, though financial performance remains weak.