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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raconteur Global Resources Limited has reported audited standalone loss of Rs. 6.74 Crore for FY ended March 31, 2026 (vs profit of Rs. 16.42 Lakh previous year). The statutory auditors issued QUALIFIED opinions on both standalone and consolidated financials due to: (1) non-receipt of external balance confirmations for receivables, payables, and loans, (2) non-provision of depreciation by subsidiary Raconteur Granite Limited (amount not ascertainable), and (3) inability to comment on resultant impacts. Key audit matters voluntarily reported include: provision for doubtful loans of Rs. 7.34 Crore, write-back of old payables Rs. 85.53 Lakh, and concentration of Rs. 69.47 Crore in loans (80.86% of total assets) with largest exposure to Dhull Trading Private Limited (Director-related). The subsidiary sold its primary quarry asset (96.77% of its assets) for Rs. 18 Crore vs book value Rs. 31.24 Crore, recognizing a Rs. 13.24 Crore loss with no disclosure on buyer identity or related party status. Borrowings surged to Rs. 60.32 Crore (vs Rs. 5.29 Crore) while cash reserves are only Rs. 7.37 Lakh.
HIGH RISK - Auditors have raised qualified opinions and flagged material uncertainty about going concern. The company has Rs. 60+ Crore in borrowings against minimal cash, Rs. 69.47 Crore in concentrated loans (related party concern), and a subsidiary with no remaining operating assets. Shareholders should exercise extreme caution given accounting non-compliance, audit qualifications, and going concern doubts.