Outcome of Board Meeting and Audited Financial Results
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Quintegra Solutions Ltd reported audited financial results for FY2026. The company has negligible revenue from operations (Rs. 0.01 lakh) and continues to incur losses. Loss for the year attributable to equity holders was Rs. 1.36 lakh, compared to a loss of Rs. 0.74 lakh in the previous year. The balance sheet shows severe stress with negative shareholders' funds of Rs. 1,307.65 lakh (net worth is deeply negative due to accumulated losses of Rs. 3,919.03 lakh). The company has long-term borrowings of Rs. 1,128.17 lakh. The statutory auditor S V S R and Associates issued an un-modified audit opinion, confirming the financial statements give a true and fair view. Related party transactions were disclosed including loans from director V Sriraman (Rs. 1.43 crore) and associate companies.
The company has negative net worth and is technically insolvent. However, auditors confirmed un-modified opinion with no material uncertainty about going concern. Shareholders face extreme risk as accumulated losses have eroded capital completely.