Outcome of the Board Meeting held on 27 May 2026.
ORCHASP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Orchasp Limited reported FY2025-26 profit of Rs.105.20 lakhs, a turnaround from Rs.1,052.35 lakh loss in the previous year. Revenue remained flat at Rs.2,125.62 lakhs. However, the auditors issued a qualified opinion for the fourth consecutive time due to three issues: (1) Rs.6,825 lakh investment in a non-operational Portuguese subsidiary facing cancellation of registration, with unclear transfer to a new US subsidiary; (2) Trade receivables and payables outstanding over 6 months without balance confirmations; (3) Unpaid TDS and statutory dues of Rs.6.30 lakh. The company has negative operating cash flow of Rs.420.15 lakh and low cash reserves of Rs.31.37 lakh. All three foreign subsidiaries are non-operational.
The audit qualifications and weak cash position signal elevated risk. Repeated qualified opinions suggest underlying governance issues, and the large overseas investment with unclear valuation adds uncertainty. Despite returning to profit, the company faces liquidity stress and unresolved audit concerns that shareholders should monitor closely.