Kindly note that there is an inadvertent typographical error noticed in the Statement of Impact of Audit Qualification Statement. In view of the above we are filing a revised set of Audited ....
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Vuenow Infratech Limited filed a revised set of audited standalone financial results for Q4 and FY ended March 31, 2025, after correcting a typographical error in the Statement of Impact of Audit Qualification. The auditor M/s. Kapish Jain & Associates resigned from the post of Statutory Auditor effective May 30, 2025. The auditor issued a Qualified Opinion because confirmations for closing balances of trade receivables, trade payables, and loans & advances were not made available. Revenue from operations rose sharply to Rs. 3,772.60 lakh in FY25 from Rs. 1,982.75 lakh in FY24, but profit after tax fell steeply to Rs. 131.85 lakh from Rs. 512.30 lakh. The company reported a Q4 loss after tax of Rs. 134.86 lakh and continues to carry negative reserves of Rs. 1,378.88 lakh.
Shareholders should note a qualified audit opinion (lack of balance confirmations), the unexpected exit of the statutory auditor before the next audit cycle, and a sharp drop in annual profit despite revenue growth. These factors raise concerns about audit reliability and earnings quality, which could weigh negatively on investor sentiment and the stock price.