Audited Financial Results of the Company for the quarter and year ended on 31st March, 2026 along with Auditor''s Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mrugesh Trading Ltd reported a net loss of Rs 23.51 lakhs for FY26, a sharp decline from a profit of Rs 34.60 lakhs in FY25. Total income fell to Rs 1,241.40 lakhs from Rs 2,024.29 lakhs in the previous year, representing a 39% revenue decline. The statutory auditor issued a QUALIFIED OPINION citing five material concerns: unpaid TDS on professional fees and interest, inventory held at third-party locations without adequate custody controls, bill-to-ship-to sales lacking documentary evidence, Rs 1,215 lakhs in trade advances with no goods received, and Rs 238.96 lakhs in unsecured loans without formal agreements. The auditor could not determine the impact of these issues on the financial statements. Operating cash flow was severely negative at Rs -5,638.24 lakhs.
The qualified audit opinion and multiple control weaknesses signal elevated risk for investors. The steep revenue decline combined with negative cash flows and questionable trade advances of Rs 1,454 lakhs total raise concerns about financial integrity and going concern. Shareholders should demand greater transparency on fund utilization and recovery of advances.