Approval and adoption of audited Financial Results for the half year and year ended on March 31, 2026
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The board approved audited standalone financial results for FY2025-26. Revenue from operations grew 37.8% to Rs. 382.71 lakhs from Rs. 277.73 lakhs in the prior year. Profit After Tax stood at Rs. 8.18 lakhs, relatively flat compared to Rs. 8.30 lakhs in FY2024-25. The auditor issued a QUALIFIED OPINION due to multiple accounting standard violations: AS-2 (inventory valuation not quantifiable), AS-9 (INR 48.39 lakhs interest income under legal dispute), AS-15 (gratuity provision not recorded), and AS-17 (no segment reporting). Operating cash flow remained negative at Rs. 8.32 lakhs, though significantly improved from Rs. 102.78 lakhs negative in the previous year. The company also revalued long lease-land to Rs. 100 lakhs creating a Revaluation Reserve of Rs. 30.15 lakhs.
The qualified audit opinion highlights material accounting irregularities that raise concerns about financial reporting quality. Despite revenue growth, stagnant profits and negative operating cash flow are concerning. Shareholders should monitor the resolution of the legal dispute for INR 48.39 lakhs interest income and the company's plans to address accounting compliance issues.