Submission of Audited Financials Results of Malt Land Distilleries for the quarter and year ended on March 31st 2026 and along with Independent Auditors Report thereon.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Malt Land Distilleries Limited (formerly Abhijit Trading Company) reported audited results for Q4 and FY ended March 2026. The company posted total income of Rs. 103.69 lakhs and net profit of Rs. 23.24 lakhs for the year. The balance sheet shows total assets of Rs. 382.64 crore against borrowings of Rs. 311.82 crore. The auditors issued a qualified opinion stating the financial statements may not give a true and fair view due to non-provision of interest on loans. Key concerns include: interest not provided on Rs. 50,000 lakhs of loans pending equity conversion, overdue interest of Rs. 67.08 lakhs, outstanding tax demands across multiple years, and the company not maintaining audit trail features in accounting software as required. The auditors also raised doubt about the company's ability to meet liabilities falling due within one year.
The qualified opinion and going concern doubts signal serious financial health concerns for shareholders. The company has very high borrowings relative to equity and significant unprovided interest obligations, which could materially impact future financial statements.