Pursuant to Regulation 33 of SEBI, the Auditor of the company have issued audit report with qualified opinion on the Audited Financial Results of the company for FY ended 31-03-2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kotia Enterprises Ltd has received a qualified opinion from its statutory auditors M/s Ajay Rattan & Co. on the audited financial results for FY ended 31st March 2026. The qualification relates to the company's failure to obtain NBFC (Non-Banking Financial Company) registration during FY 2024-25 when it met both RBI criteria—financial assets exceeding 50% of total assets and financial income exceeding 50% of gross income. However, in FY 2025-26, the company's financial income has fallen below 50% of gross income, so it no longer meets both NBFC criteria. Management states the qualification has no material impact on the financial statements and the company has initiated steps for continued regulatory compliance.
The qualified opinion raises concerns about past regulatory compliance with RBI NBFC norms, though management downplays the impact. This filing signals potential governance issues, and investors should monitor the company's regulatory standing and any further clarification from the auditors.