Please find attached herewith Audited Results for the quarter and year ended 30-05-2026.
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Kamanwala Housing Construction Ltd reported a standalone net loss of Rs. 286.26 Lakhs for FY 2025-26, a steep decline from a net profit of Rs. 203.38 Lakhs in the previous year. Total revenue stood at Rs. 1,167.64 Lakhs versus Rs. 1,172.28 Lakhs year earlier. The auditor issued a qualified opinion for the fifth consecutive time due to two issues: (1) inability to confirm interest receivable balances of Rs. 2.42 Crores, and (2) non-compliance with Ind AS 109 where interest-free loans to related and unrelated parties were recognized at transaction value instead of fair value, overstating loans and advances. The company also appointed new internal auditors R. R. Modi & Associates for FY 2026-27.
The fifth consecutive qualified audit opinion signals persistent governance and accounting concerns, and the swing from profit to substantial loss could negatively impact investor sentiment and the stock price.