Please Find Attached Audited Financial Results along with Auditor''s Report for the Quarter and Year ended March 31, 2026.
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Golden Legand Leasing & Finance reported FY2026 revenue of ₹18,358.82 Lakhs, a massive jump from ₹934.38 Lakhs in FY2025. The company turned profitable with PAT of ₹1,029.75 Lakhs versus a loss of ₹219.95 Lakhs in the prior year. However, the statutory auditor issued a QUALIFIED OPINION due to multiple concerns: (1) suspicious fraudulent transactions by merchant 'Prime Technologies' initially worth ₹10,500 Lakhs (now ₹7,528.18 Lakhs under lien), (2) unreconciled trade receivables/payables and loans, (3) income recognised from software systems without complete bank reconciliation, and (4) ₹10,432.21 Lakhs in agent commissions lacking adequate supporting documentation. The company also wrote off loans of ₹1,303.21 Lakhs. The auditor stated it cannot quantify the possible impact of these issues on the financial results.
The qualified opinion and fraud investigation raise serious concerns about financial integrity. The ₹7,528.18 Lakhs contingent liability (disclosed but unprovisioned) and inability to verify significant income/expenses create substantial uncertainty. While the company returned to profitability, shareholders face elevated risk given the unresolved fraud case and audit qualifications.