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
Awaiting price reaction for this filing.
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.
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.