Outcome of the Meeting of Board of Directors held on Saturday, May 30, 2026
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Mac Hotels Ltd reported FY26 revenue of Rs 457.71 lakhs, up 23.3% from Rs 371.09 lakhs in FY25. PAT grew to Rs 33.41 lakhs from Rs 27.52 lakhs (21.4% growth). The board approved audited financial results for half year and year ended March 31, 2026, and appointed M/s Kishan Patel And Associates as internal auditor for FY26-27. However, the statutory auditor raised an Emphasis of Matter noting that management failed to provide balance confirmations and age-wise reconciliation for trade receivables and trade payables. Additionally, MSME creditor bifurcation was not disclosed, raising compliance concerns. The company declared an unmodified opinion on the audit report.
Despite revenue and profit growth, the Emphasis of Matter by auditors on unverifiable receivables/payables and MSME compliance gaps signals internal control weaknesses. The significant negative operating cash flow of Rs 362.08 lakhs (vs negative Rs 374.45 lakhs prior year) is a red flag for liquidity despite improved net profit.