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BSEGV Films LtdHighNeutral
Announced Mon, 25 May, 2026 · 19:26 IST

Please find attached corrected Audited Financials for the year / quarter ended 31st March, 2025 (Both Standalone & Consolidated) for the Discrepancies mentioned vide your mail dated 25.05.2026

Qualified audit opinionEmphasis of matterContingent liabilities increasedNegative operating cash flowResults restatedResults View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

GV Films Limited has submitted corrected audited financials for FY 2024-25 after BSE pointed out discrepancies. The company reported a profit of Rs. 11.94 lakhs for the year ended March 2025, a turnaround from a loss of Rs. 128.31 lakhs in the previous year. Revenue from operations stood at Rs. 200 lakhs, while total income including other income was Rs. 420.15 lakhs. The auditors issued a qualified opinion citing issues including non-recognition of gratuity liabilities under IND AS 19, lack of balance confirmations for receivables/payables/loans, and undocumented Foreign Currency Convertible Bonds. Multiple emphasis of matter items were noted including a pending FEMA case, income tax demand of Rs. 1,204 lakhs for AY 2016-17, and GST demand of Rs. 341.80 lakhs.

Likely market impact

The qualified audit opinion and multiple legal/tax disputes indicate governance and compliance risks. Shareholders should note that while the company returned to profit, significant contingent liabilities and SEBI-related matters remain unresolved, creating uncertainty around the stock.