Q1 FY27 results with qualified auditor opinion and red flags
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Board approved unaudited Q1 FY27 results. Standalone PAT Rs 12.64L vs Rs 0.06L; consolidated PAT Rs 360.25L vs Rs 2,386.41L. Auditor issued qualified opinion noting Rs 393.73L interest on public deposits not provided since Oct 2019, overstating profit. Emphasis of matter flags Rs 1,367.81L unpaid public deposits, RBI cancellation of NBFC licence in 2002, and lapsed property sale with Kanara Consumer Products worth Rs 1,273.37L.
Qualified opinion, unresolved public deposit liability and lapsed material deals raise serious governance and disclosure concerns for shareholders.