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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patron Exim Ltd reported a net loss of Rs 108.46 Lakhs for FY 2025-26, a sharp reversal from a profit of Rs 7.10 Lakhs in the previous year. Total income stood at Rs 2429.52 Lakhs against total expenses of Rs 2537.98 Lakhs. The company's auditor issued a Qualified Opinion due to multiple material concerns: related party loans and advances nearly doubled from Rs 16.41 crore to Rs 28.78 crore without adequate documentation; unverifiable sales, purchases, inventory and transactions; unpaid government taxes including TDS of Rs 34.45 Lakhs; and non-compliance with mandatory accounting software audit trail requirements. The company faces contingent tax liabilities of approximately Rs 39.96 crore (Income Tax and GST demands). Cash flow was negative with net cash used in operations of Rs 201.25 Lakhs, primarily due to a Rs 26.39 crore increase in loans and advances. No internal audit was conducted despite legal requirements.
The Qualified Opinion with multiple material issues signals high governance and operational risk. Shareholders should be cautious as the company shows signs of financial stress with negative cash flows, unexplained related-party fund transfers of Rs 28.78 crore, and potential tax liabilities that could materially impact financials if crystallised.