Board of Directors has approved the Un-audited Standalone & Consolidated Financial Results of the Company along with the Limited Review Report as issued by Statutory Auditor of the Company ....
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Awaiting price reaction for this filing.
IFL Enterprises' board approved its Q3 FY26 unaudited results on 13 Feb 2026, but the statutory auditor (Chandabhoy & Jassoobhoy) issued a Disclaimer of Opinion on both the standalone and consolidated statements. The auditor flagged six serious concerns: lack of supporting documents for sales, purchases, inventory, and trade receivables/payables confirmations; no fixed asset register; unsecured interest-free loans with no loan agreements; non-disclosure of MSME creditor bifurcation (breach of MSMED Act 2006); unconfirmed trade receivables; and unverified loans granted. Standalone Q3 revenue was NIL (vs Rs 851.65 lakh in Q2 FY26 and Rs 3,030.57 lakh in Q3 FY25), and the company reported a standalone loss of Rs 28.60 lakh and a consolidated loss of Rs 34.88 lakh for the quarter. Even the auditor noted the going-concern basis of the books could be impacted by these unresolved matters.
This is a major red flag for shareholders — a disclaimer of opinion from the auditor means they could not verify the numbers, and zero quarterly revenue combined with losses suggests serious operational and governance problems. The stock is likely to see negative price action, and investors should treat the financial statements as unreliable until these audit issues are resolved.