Audited Financial Result for 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IGC Industries Limited reported total income of Rs 19,851 lakhs (approx Rs 198.5 crore) for FY 2025-26. However, the company incurred a net loss of Rs 292.97 lakhs (Rs 2.93 crore), compared to a small profit of Rs 6.17 lakhs in the previous year. The auditor issued a DISCLAIMER OF OPINION, refusing to express any opinion on the financial statements due to: (1) inability to verify advances to suppliers of Rs 14.33 crores, (2) unexplained Rs 20 crore investment transferred to a related entity, and (3) lack of supporting documentation for GST, TDS, inventory and loans. The auditor explicitly raised significant doubt about the company's ability to continue as a going concern due to recurring losses across all four quarters of FY 2025-26 and FY 2024-25.
This is a highly alarming filing. The disclaimer of audit opinion indicates potential accounting irregularities, lack of proper documentation, and possible related party transactions. The company has negative reserves of Rs 1,326.67 lakhs. Shareholders should exercise extreme caution as the auditor cannot confirm the reliability of the financial statements.