Declaration Of Audited Financial Result For The Fourth Quarter And Year Ended On 31.03.2026
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Pacific Industries Ltd reported audited standalone and consolidated financial results for Q4 and FY 2026 ended March 31, 2026. The Board meeting held on May 28, 2026 approved the results with an unmodified (clean) audit opinion from statutory auditors Ravi Sharma & Co. Key highlights include: recognition of MAT credit entitlement of Rs. 90.46 lakhs from earlier years; standalone operating cash flow was negative at approximately Rs. 1,787 lakhs; trade receivables increased by Rs. 399 lakhs; borrowings increased on both long-term and short-term basis. The company has three wholly owned subsidiaries (Gist Minerals Technologies, Gaze Fashiontrade, and Taanj Quartz INC) whose results are consolidated. The company also re-appointed M/s Pachori Rupesh & Associates as internal auditor for FY 2026-27.
The clean audit opinion provides assurance on financial reporting quality. However, negative operating cash flow and increased borrowings indicate liquidity stress. The pending Income Tax department demand (pending before ITAT/CIT appeals) represents an ongoing contingent liability requiring monitoring.