Outcome of Board Meeting held on 30th May, 2026 for Audited Financial Results for 31st March, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited financial results showing a net loss of Rs 636.95 Lacs for FY 2025-26, compared to a profit of Rs 179.72 Lacs in the prior year. Total income stood at Rs 6,407.78 Lacs. The statutory auditor NKSC & Co. RESIGNED and issued a DISCLAIMER OF OPINION citing that management failed to provide necessary records including loan agreements, trade receivables/payables confirmations, and invoices for sales and purchases. The company appointed M/s Sarang Shivajirao Chavan and Associates as the new auditor effective 1st June 2026. The MD has filed a declaration stating the auditor issued an 'unmodified opinion' which directly contradicts the auditor's published disclaimer of opinion. Total equity declined sharply from Rs 1,118.20 Lacs to Rs 481.25 Lacs. The company also disclosed it lacked a Company Secretary at the time of approval.
The disclaimer of opinion and contradictory MD declaration raise serious governance concerns and potential regulatory misreporting. The company has deteriorating financial health with negative EPS of Rs 3.32 and declining equity base. Shareholders should exercise caution.