Audited Financial Results of the Company for the quarter and year ended 31st March, 2026
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Grandma Trading & Agencies Limited reported a net loss of Rs. 7.78 lakhs for FY26, significantly improved from a loss of Rs. 145.38 lakhs in the previous year. Revenue from operations declined to Rs. 130.76 lakhs from Rs. 173.28 lakhs in the prior year, representing a ~25% revenue decline. The company has negative net worth as at March 31, 2026 due to accumulated losses. The auditors flagged the going concern assumption as a Key Audit Matter due to significant management judgment involved, noting the proposed capital reduction scheme pending NCLT approval. Operating cash flow remained negative at Rs. 6.44 lakhs (improved from negative Rs. 34.98 lakhs). The statutory auditors issued an unmodified (clean) opinion, though they included an Emphasis of Matter regarding the NCLT-pending capital reduction.
Despite a reduced net loss year-on-year, the company remains in a precarious financial position with negative net worth, negative operating cash flow, and declining revenues. The NCLT-pending capital reduction scheme signals potential restructuring. The going concern qualification raises significant red flags for investors.