Intimation regarding appointment of cost auditors and internal auditor for FY 2026-27.
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Awaiting price reaction for this filing.
Pasupati Spinning & Weaving Mills reported audited standalone results for FY ended March 2026. Total revenue declined marginally to Rs. 10,074 Lacs from Rs. 10,175 Lacs in the previous year. However, profit after tax more than doubled to Rs. 222 Lacs from Rs. 88 Lacs, representing growth of approximately 152%, driven by improved operational efficiency. The auditor issued a QUALIFIED OPINION due to the company's treatment of additional compensation claim of Rs. 614.64 Lacs for factory land acquisition—the company has not recognized this income despite making a representation to authorities, which the auditor believes should be accounted for. The board also approved appointment of Mr. Satnam Singh Saggu as Cost Auditor and M/s Suresh Kumar Mittal & Company as Internal Auditor for FY 2026-27, and approved related party transactions for Q4 FY26. Outstanding qualified borrowings decreased from Rs. 9.99 Crores to Rs. 6.56 Crores during the year.
The qualified auditor opinion highlights uncertainty around the Rs. 614.64 Lacs land compensation claim and could concern investors about conservative accounting. Despite this, the strong PAT growth and reduced debt levels are positive signals for shareholders. The stock may see mixed reaction due to the qualified opinion versus strong profitability improvement.