Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of CRP Risk Management Limited ('Company') at their meeting held today i.e., May ....
Awaiting price reaction for this filing.
CRP Risk Management Ltd reported a net loss of Rs. 124.35 lakhs for FY ended March 2026, a significant deterioration from a loss of Rs. 0.27 lakhs in the previous year. Total income was Rs. 484.62 lakhs (including other income), barely changed from Rs. 215.77 lakhs last year, while expenses surged to Rs. 608.97 lakhs. The statutory auditor issued a qualified opinion due to the company being classified as a Non-Performing Asset by two banks (SBI and Wai Urban Co-Operative Bank) and outstanding TDS payable of Rs. 44.41 lakhs. The auditor also highlighted Rs. 8.47 crore in advances to suppliers and Rs. 2.44 crore in slow-moving/obsolete inventory with inadequate provisions. The Board approved re-appointment of S.M. Bhat and Associates as internal auditor for FY 2026-27. A discrepancy exists between the CFO's declaration of unmodified opinion and the auditor's qualified opinion.
The company is under financial stress with mounting losses, NPA classification, and auditor concerns about going concern. Shareholders should be cautious as the stock carries elevated risk due to qualified audit opinion and significant outstanding receivables and inventory issues.