Pursuant to the provisions of Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the meeting ....
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Malt Land Distilleries Limited (formerly Abhijit Trading Company) held its Board meeting on May 26, 2026 and approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. For FY 2026, the company reported total income of Rs. 70.74 lakhs (down from Rs. 103.69 lakhs in previous year) and profit before tax of Rs. 23.24 lakhs (down from Rs. 29.69 lakhs). EPS stands at Rs. 0.08. Total assets are Rs. 382.64 crores with borrowings of Rs. 311.82 crores and loans/advances given of Rs. 51.74 crores. The statutory auditors (VRSK & Associates) have flagged key concerns including non-provision of interest on loans worth Rs. 5,000 crores pending conversion to equity, inability to confirm the company's ability to meet short-term liabilities, and non-maintenance of audit trail in accounting software. The company also appears to require registration as a Core Investment Company (CiC) under RBI Act.
The filing reveals significant auditor concerns regarding loan-related accounting treatment and liquidity capability. The company's core investment business model with massive inter-company loans and pending equity conversions raises red flags. Shareholders should note the qualified audit opinion and auditor's doubt on near-term liability fulfillment.