Approval of Audited Financial Result of the Company for the quarter and year ended 31st March,2026
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Grandma Trading & Agencies Ltd reported audited financial results for FY26 with net loss of Rs. 123.26 lakhs, an improvement from the previous year's loss of Rs. 145.38 lakhs. Revenue from operations declined significantly to Rs. 11.03 lakhs from Rs. 38.51 lakhs in FY25. The company has accumulated losses resulting in negative net worth, and auditors flagged the going concern assumption as a Key Audit Matter. The board has proposed a scheme for reduction of share capital under Section 66 of the Companies Act, 2013, pending NCLT approval. Cash flow from operations remained negative at Rs. 6.44 lakhs. The statutory auditors issued an unmodified opinion on the financial statements.
The company continues to face severe financial stress with negative net worth and declining revenues. While the auditors issued an unmodified opinion, the going concern flag and pending capital reduction scheme indicate significant uncertainty about the company's ability to sustain operations without restructuring.