Q1 FY27 results: qualified auditor review over fraud, bank lien of about Rs 75 cr
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Golden Legand Leasing and Finance posted Q1 FY27 revenue of Rs 921.36 lakhs, down about 74 percent from Rs 3,595.12 lakhs a year ago. PAT fell to Rs 54.89 lakhs from Rs 491.37 lakhs. The auditor issued a qualified review citing three issues: a Rs 10,500 lakhs fraud matter (reduced to Rs 7,528.18 lakhs after settlements) with the bank account under lien, pending balance confirmations from parties, and income not yet reconciled with bank records. The case is before the Bombay High Court. No provision has been made; treated as a contingent liability.
Sharp revenue and profit drop. Qualified auditor review cites Rs 75 crore fraud exposure, bank lien, and pending reconciliations — material risk persists.