This is to inform you that while reviewing the documents it has come into notice that there were inadvertent errors in uploading Audit Report for the financial year ended 31st March 2025. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indo-City Infotech has informed the BSE about inadvertent clerical errors made while uploading the Audit Report for FY2024-25. The company stated the errors are purely clerical and have no impact on the audit opinion or disclosures. Two specific paragraphs were corrected: (1) Para (vi) confirming that the company's accounting software has audit trail (edit log) facility, was not tampered with, and trail records are preserved as required; and (2) Clause xvii of Annexure A was corrected to clarify the company did not incur cash losses in the immediately preceding year but did incur a cash loss of Rs. 24.77 lakhs in FY2024-25. The corrected Annual Report has been re-uploaded on the BSE portal.
The filing itself is administrative and does not affect the audit opinion. However, the underlying annual report shows total income fell sharply to Rs. 82.37 lakhs from Rs. 2.10 crore in the prior year, and the company slipped into a loss with a negative PAT of Rs. 125.91 lakhs versus a positive Rs. 38.78 lakhs earlier. Shareholders should note the steep revenue decline and the swing to losses despite the clean audit report.