Revised outcome for the Board of Directors Meeting held on 28th May, 2026, there was some clerical error as attached
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Gautam Gems Ltd filed a revision to its Q4 and FY2026 financial results due to a clerical error in the originally submitted results on May 28, 2026. The error affected only the previous year quarter-ended figures (Q4 FY2025) in the Profit and Loss Statement, where full-year figures were incorrectly reported instead of quarter figures. The company clarified that no changes were made to current period figures or previous year-ended figures. The audited results show profit before tax growing from Rs. 42.34 lakhs in FY2025 to Rs. 94.62 lakhs in FY2026. The auditor issued an unmodified opinion but flagged that trade receivables and payables over 3 years old are under litigation (with unclear realisable value), TDS was not paid on time, and some miscellaneous expenditure was not disclosed as per IND AS requirements.
The clerical error correction is minor and appears benign. However, the auditor's observations about disputed receivables/payables under litigation, TDS non-compliance, and IND AS disclosure gaps could raise concerns about financial controls and may require shareholder attention despite the unmodified audit opinion.