Gammon India Q1 FY27: qualified audit, going concern flagged

Board approved Q1 FY27 standalone loss of Rs 288.77 Cr and consolidated loss of Rs 372.75 Cr on revenue of Rs 1.87 Cr and Rs 2.19 Cr. Auditor issued qualified conclusion citing Rs 923.28 Cr disputed penal interest and Rs 10 Cr unrecovered claims. Material uncertainty on going concern flagged as current liabilities exceed current assets by Rs 12,988.80 Cr standalone. Trading suspended, lenders recalled loans, winding up petitions filed. Over 50 percent debt assigned to ARCs, resolution plan still pending.