Q1 FY27 results with adverse auditor opinion and going concern flag

Shree Ram Proteins reported Q1 FY27 results with nil revenue from operations. Net loss widened to Rs 636.40 lakhs versus Rs 181.94 lakhs loss a year ago. Auditor issued an adverse opinion on FY25-26 results citing material uncertainty on going concern. The bank auctioned the entire plant and machinery for Rs 382 lakhs over loan defaults. The company also defaulted on its one-time settlement with Union Bank of India and has unpaid statutory dues.