Q1 results approved, new auditor appointed, auditor gives qualified opinion
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved Q1 FY27 results with net profit of Rs 4.67 lakhs versus a loss of Rs 18.81 lakhs in Q1 FY26. Revenue jumped to Rs 29.54 lakhs from Rs 2.32 lakhs. New statutory auditor M/s. S M M P & Company appointed for 5 years, replacing S K H D & Associates. 35th AGM fixed for September 24. Auditor issued qualified opinion flagging interest-free loans of Rs 476.10 lakhs with incomplete documents, doubtful advances of Rs 2,218.28 lakhs to SKM (under IBC) and Rs 1,500 lakhs to SRUIL under liquidation.
Q1 turnaround is positive but auditor flagged unprovided doubtful advances of around Rs 3,700 lakhs. New auditor is also notable.