BSEKDJ Holidayscapes and Resorts LtdMediumNeutral
Announced Wed, 22 Jul · 18:38 IST

Q1 results filed with auditor disclaimer; new tax and internal auditors appointed

Auditor Resigned MidtermManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Board approved Q1 FY27 results (Standalone PAT Rs 8.19 lakh; Consolidated Rs 1.22 lakh). Statutory auditor M/s J M Patel & Bros issued a disclaimer of conclusion, flagging Rs 73 lakh agro revenue without banking trail, unverifiable Rs 892.96 lakh investments in subsidiary, and unsubstantiated deferred tax assets. J M Patel & Bros also named Tax Auditor (FY26-30); Hemal P. Doshi named Internal Auditor. The firm fills a casual vacancy after previous auditor D D Shah Patel resigned.

Likely market impact

Auditor disclaimer and unverifiable revenue and investments are serious red flags. Trading approval at BSE is still pending.