Outcome of Board Meeting held on May 29th, 2026 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Fraser and Company Ltd reported audited standalone financial results for FY2026 ending March 31, 2026. Total income was Rs. 13.83 Million (up from Rs. 3.09 Million in FY2025), but the company reported a net loss of Rs. 6.15 Million, significantly reduced from the previous year's loss of Rs. 15.77 Million. The auditor issued a QUALIFIED OPINION due to three major concerns: trade receivables of Rs. 13.39 Million outstanding over 12 months without balance confirmations, trade payables of Rs. 43.53 Million outstanding for long periods with no confirmations, and advances to suppliers of Rs. 28.68 Million with no supporting documentation. Additionally, SEBI imposed a penalty of Rs. 21 Lakh each on the company and its promoters for delayed/inaccurate disclosures. Five creditors have filed recovery suits against the company for Rs. 26.90 Million. During the year, the company settled NCLT receivables of Rs. 82.70 Million, receiving Rs. 40 Million cash and 4 residential flats valued at Rs. 39.74 Million.
The stock shows continued losses with a qualified audit opinion and regulatory penalties, indicating weak financial controls and governance concerns. Shareholders should be cautious as the company has negative other equity of Rs. 33.69 Million and multiple unresolved creditor disputes.