Outcome of Board of Directors Meeting held on 20th May 2026
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Purohit Construction Limited reported standalone audited financial results for Q4 and FY2026 with an unmodified audit opinion from B N P S and Associates LLP. The company posted a loss before tax of Rs 33.86 lakhs, worsening from Rs 26.61 lakhs in the previous year. Total equity declined from Rs 174.47 lakhs to Rs 140.91 lakhs, indicating accumulated losses. On a positive note, operating cash flow turned positive at Rs 12.45 lakhs versus negative Rs 5.40 lakhs last year. Total assets increased from Rs 160.10 lakhs to Rs 209.31 lakhs. The auditors included an Emphasis of Matter regarding a Rs 4.16 crore GST demand (FY2017-18) for input tax credit disallowance and penalty, which has been appealed and disclosed as a contingent liability with no provision made.
The company is loss-making with declining equity, indicating stress on profitability. The positive operating cash flow and clean audit opinion are positives, but the GST demand of Rs 4.16 crore represents a material contingent liability that could impact future finances if the appeal fails.