Intimation for Reappointment of Internal auditor for the Financial year 2026-27
QUADFUTURE · price
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Quadrant Future Tek Limited reported audited financial results for FY2026 with total income of ₹1,583.44 million, down from ₹1,529.42 million in the previous year. The company reported a significant loss before tax of ₹557.33 million compared to a profit of ₹262.06 million in FY2025. A critical concern is that the company incurred a cash loss of ₹310.22 million versus NIL in the previous year, indicating operational cash flows are insufficient to cover expenditures. The TCS (Train Control System) Division reported a loss of ₹602.27 million, severely dragging overall performance, while the Cable Division was marginally profitable at ₹49 lakh. Cash and cash equivalents dropped sharply from ₹1,868.41 million to ₹324.52 million. The Board also reappointed M/s. Anand Narang & Associates as Internal Auditors for FY2026-27. The statutory auditors issued an unmodified opinion but drew attention to the cash loss situation.
The company is facing significant financial stress with heavy losses, particularly in its TCS division. While the auditors did not qualify their opinion, the cash loss situation and declining cash reserves raise concerns about the company's ability to fund operations. The internal auditor reappointment is routine and does not indicate any governance issues.