Outcome of Board Meeting for 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 Ltd reported a net loss of Rs 292.97 lakhs for FY 2025-26, a significant deterioration from Rs 6.17 lakhs loss in the previous year. Revenue from operations stood at Rs 19,851 lakhs. The company's equity has turned negative at Rs 1,326.67 lakhs (excluding share capital of Rs 3,472 lakhs). The statutory auditors issued a DISCLAIMER OF OPINION, citing lack of proper documentation for advances to suppliers, Rs 20 crore investment in CNX Corporation shares that was transferred to Shrynax Trading, missing GST/TDS records, and inability to verify inventory balances. The auditors raised serious concerns about the company's ability to continue as a going concern due to continuous losses across all four quarters.
This is a highly concerning filing for shareholders. The auditor's disclaimer means the financial statements cannot be relied upon. The company is burning cash with no credible recovery plan, and the equity base is eroding rapidly. Significant governance and documentation issues further compound the risk.