Board approves FY26 audited results with qualified audit opinion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved standalone and consolidated audited results for FY ended March 31, 2026. Auditor issued a qualified opinion with multiple repetitive qualifications: unpaid interest of about Rs 352 lakhs, a bank account under income tax lien, and defaulted statutory dues. Standalone: revenue Rs 270 lakhs, net loss Rs 129 lakhs, adjusted loss Rs 481 lakhs, negative net worth Rs 160 lakhs. Consolidated: revenue Rs 282.27 lakhs, net loss Rs 125.86 lakhs, adjusted loss Rs 476.48 lakhs, negative net worth Rs 200 lakhs. EPS deeply negative.
Serious red flags for shareholders: qualified audit opinion, deeply negative net worth, and repeated qualifications on statutory defaults and unpaid interest.