Submission of audited financial results for the quarter and year ended March 31, 2026
OSWALGREEN · price
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Oswal Greentech Limited reported a net loss of Rs 6,241.86 lakh for FY2026 compared to a profit of Rs 853.21 lakh in FY2025. Total income increased marginally to Rs 10,549.31 lakh from Rs 9,272.71 lakh. The auditors issued a qualified opinion due to disputes over Inter Corporate Deposits (ICDs) and real estate advances worth Rs 12,267.68 lakh lacking confirmation from counterparties. An exceptional item of Rs 10,122.19 lakh was recorded as full provision for doubtful ICDs and real estate advances given to Uppal Chadha Hi-Tech Developers and SAS Servizio. Additionally, the company reported alleged fraudulent conduct by a former representative involving Rs 14.58 crore and has initiated legal proceedings.
The stock is likely to face significant negative sentiment due to the net loss, qualified audit opinion, large provisions, and reported fraud. The lack of auditor confirmation on substantial ICD balances raises concerns about asset quality and recoverability.