Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015, the Board of Directors at its meeting held on May 30, 2026, has approved the Standalone and Consolidated Audited Financial ....
KRIDHANINF · price
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Kridhan Infra Ltd's Board approved audited financial results for FY2026 (year ended March 31, 2026). The company's statutory auditors, Jignesh Savla & Associates, issued a Qualified Opinion on both standalone and consolidated results due to going concern uncertainties. The company reported total income of Rs. 460.02 Lakhs (standalone) for FY2026, up from Rs. 303.78 Lakhs in FY2025, representing ~51% revenue growth. Net profit stood at Rs. 220.53 Lakhs versus Rs. 7,231.81 Lakhs in the previous year, the latter boosted by large exceptional item reversals (Rs. 13,972 Lakhs). The auditors flagged that the company has accumulated losses causing erosion of net worth, with negative net worth of Rs. 26,740 Lakhs (standalone) and total liabilities significantly exceeding assets. Management states future business prospects and cost reduction measures, along with preferential allotment of equity/warrants, will support going concern. A Singapore subsidiary (Readymade Steel Singapore Pte. Ltd.) is under liquidation and excluded from consolidated results.
The qualified auditor opinion and negative net worth signal significant financial distress. Shareholders should exercise caution as the company faces going concern risks despite recent revenue growth and equity raise efforts.