With reference to earlier announcement dated 28th May, 2026 subjected with "Outcome of Board Meeting and Submission of Un-Audited Financial Results for Quarter & Year ended on 31.03.2026", ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MSL Global Limited has submitted a statement on the impact of audit qualifications for FY 2025-26. The auditors issued a qualified opinion due to the company's failure to make provision for Rs. 12 Crores in advances outstanding for over 3 years from Primus Retail (P) Ltd, which is under liquidation by authorities. Management stated no provision was made as they are pursuing recovery efforts. The qualification is repetitive in nature. Standalone net profit for the year was Rs. 496.86 lakhs while consolidated net profit was Rs. 281.17 lakhs.
The unqualified Rs. 12 Crore advance to a liquidated company is material and poses risk to financial health if recovery fails. Investors should monitor recovery efforts and any subsequent provisioning or write-offs.