PFA
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from Operations surged to Rs. 3,595.12 lakhs from Rs. 260.54 lakhs in Q1 FY25, and Profit After Tax jumped to Rs. 491.37 lakhs (EPS Rs. 0.33) versus Rs. 57.50 lakhs in the year-ago quarter. However, the statutory auditor (Sunil Vankawala & Associates) issued a qualified review report flagging three concerns: (a) income recognized based on internal software reports not reconciled with bank statements, (b) no system of obtaining balance confirmations from parties, and (c) non-compliance with Ind AS 8 regarding retrospective adjustment of prior period errors. The Board also approved: appointment of M/s. H. Maheshwari & Associates as Secretarial Auditor for FY26-FY30, shifting of registered office from Khar West (Mumbai) to Vashi (Navi Mumbai), and revision in remuneration of CMD Ms. Divya Singh Kushwaha effective September 1, 2025.
Despite the sharply improved headline numbers on revenue and profitability, the auditor's qualified review and concerns around internal controls and unverified balances mean investors should treat the Q1 figures with caution until the flagged reconciliations are completed and confirmed.