Please find attached outcome of Board Meeting held on 30-05-2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kamanwala Housing Construction Ltd reported audited financial results for FY2026 (year ended March 31, 2026) with a Qualified Opinion from statutory auditors P N S V & Co. Standalone total revenue crashed to Rs.1,167.64 Lakhs from Rs.6,781.98 Lakhs in FY2025, a decline of about 83%. The company posted a net loss of Rs.286.26 Lakhs versus a profit of Rs.203.38 Lakhs in the prior year. The auditors qualified their opinion on two grounds: Rs.2.42 Crores of interest receivable lacks direct confirmations from parties, and loans/advances given to related and unrelated parties were recognized at transaction value without discounting to fair value per Ind AS 109. This is the 5th consecutive time the auditors have issued a qualified opinion. The board also appointed M/s. R. R. Modi & Associates as internal auditor for FY2026-27.
The stock may face negative sentiment due to repeated qualified opinions, massive revenue decline, and net loss. Shareholders should monitor the unresolved audit qualifications, particularly around Rs.2.42 Crores of unconfirmed receivables and improper fair value treatment of loans.