Intergrated Filing (Finance) for the Quarter and Year ended on 31st March, 2026

Quasar India Ltd reported a significant revenue decline for FY2026, with total income dropping to Rs 1,192.52 lakhs from Rs 4,213.35 lakhs in the previous year — a fall of approximately 72%. The company posted a net loss of Rs 18.93 lakhs for the full year, compared to a profit of Rs 3.56 lakhs in FY25. Operating cash flow remained negative at Rs 210.08 lakhs. The auditors issued a Qualified Opinion citing multiple concerns: inability to verify trade receivables, payables, loans, borrowings, and inventories worth Rs 3,969.24 lakhs due to missing balance confirmations and physical verification reports. The company also failed to file its Income Tax Return for FY24-25 and has outstanding tax demands on the IT portal. Additionally, the company has not maintained required edit logs in its accounting software and has not conducted mandatory internal audits. An emphasis of matter was also raised regarding a petition filed under Section 9 of the Insolvency and Bankruptcy Code, 2016, related to a disputed commercial transaction.