Revised Audited Financial Statements for the financial year ended 31st March, 2026 are being resubmitted due to inadvertent omission of Digital Signatures while cinverting the signed PDF ....

Going-concern doubtResults restatedNet loss reportedRelated-party transactionsNegative operating cash flowResults View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+6.2% vs market

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AI summary

IGC Industries Limited has submitted revised audited financial statements for the year ended 31st March 2026, which were originally filed without digital signatures. The company reported revenue of Rs 19,851 Lakhs but posted a net loss of Rs 292.97 Lakhs compared to a profit of Rs 4.17 Lakhs in the previous year. The auditor (Sarang Shivajirao Chavan and Associates) issued a DISCLAIMER OF OPINION, refusing to express an audit opinion. The auditor could not obtain sufficient appropriate audit evidence for material items including supplier advances, a Rs 20 Crore investment in CNX Corporation Limited (since transferred to Shrynax Trading Private Limited), and missing statutory documentation like GST E-way bills and TDS challans. The company has incurred continuous losses in all four quarters of FY 2025-26 and FY 2024-25. The balance sheet shows negative other equity of Rs 1,326.67 Lakhs. The auditor explicitly stated significant doubt about the company's ability to continue as a going concern, with management providing no mitigation plan. Loans and advances of Rs 14.33 Crores and inventory balances could not be verified.

Likely market impact

This is a highly concerning filing with a disclaimer of opinion and going concern uncertainty. Shareholders face extreme risk as the company's financial statements lack auditor validation, indicating potential material misstatements. The negative equity and persistent losses without a clear turnaround plan suggest severe financial distress.

By the numbersStandalone · Q4 FY26 vs Q4 FY25

	Q4 FY26	Q4 FY25	Change
Revenue	₹0.00 Cr	₹0.00 Cr	unchanged
Operating profit	−₹2.64 Cr	−₹0.05 Cr	loss widened
Profit after tax	−₹2.64 Cr	₹0.02 Cr	−15,256.3%
EBITDA margin	—	—	—

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.