GV Films revises FY26 results, auditor flags qualifications and BSE trading suspension
Awaiting price reaction for this filing.
GV Films submitted revised audited results for FY and Q4 ended March 2026 after BSE flagged discrepancies. Revenue rose to Rs 223.25 lakh from Rs 200 lakh and PAT grew to Rs 21.72 lakh from Rs 11.94 lakh. Auditor issued a qualified opinion citing non-compliance with IND AS 19 on gratuity, unconfirmed trade balances, missing FCCB documents, and an unprovided TDS demand of Rs 16.99 lakh. Emphasis of matter covers BSE trading suspension from March 2, 2026, income tax demand of Rs 1,204 lakh for AY 2016-17, GST demand of Rs 341.80 lakh, and FEMA proceedings.
Qualified audit opinion, ongoing BSE trading suspension, and large pending tax disputes signal serious governance and financial risks for shareholders.