Considering And Approval Of Unaudited Standalone and Consolidated Financial Results For The Quarter Ended On 30.06.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Pacific Industries Ltd's Board met on 7 August 2025 and approved unaudited standalone and consolidated financial results for the quarter ended 30 June 2025. The Board meeting ran from 5:00 PM to 5:30 PM. The auditor, Ravi Sharma & Company (FRN: 015143C), issued an unmodified limited review report on both sets of results, with nothing flagged as a material misstatement. The company operates as a single-segment business in Granites & Quartz, with consolidated results also covering three wholly owned subsidiaries — Gist Minerals Technologies Ltd, Gaze Fashiontrade Ltd, and US-based Taanj Quartz INC (contributing Rs 321.38 Lacs in revenue for the quarter). The company disclosed an ongoing Income Tax matter stemming from a February 2023 search and survey, where the assessment has been completed and the company has filed an appeal before CIT (Appeals) against the demand raised.
Routine quarterly results submission with a clean limited review opinion, suggesting no immediate red flags on accounting. However, shareholders should track the pending Income Tax appeal as it represents a contingent liability that could affect future financials if the demand is upheld.