Q1 FY27 results: Revenue down 74%, auditor flags qualified conclusion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Golden Legand Leasing and Finance reported Q1 FY27 revenue of Rs 921.36 lakhs, down sharply from Rs 3,595.12 lakhs in Q1 FY26. PAT fell to Rs 54.89 lakhs from Rs 491.37 lakhs. Auditor issued a qualified conclusion flagging suspicious merchant transactions of Rs 10,500 lakhs (later reduced to Rs 7,528.18 lakhs), with the company bank account under lien and matter sub judice in Bombay High Court. Pending balance confirmations and income-bank reconciliation also noted. Contingent liability of Rs 10,500 lakhs disclosed, no provision made.
Revenue down 74%, PAT down 89%. Auditor flagged Rs 10,500 lakh fraud-linked contingent liability and pending balance confirmations. Major red flag.