Board approves Q1 FY27 results; auditor flags gratuity provision gap

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AI summary

Board approved unaudited financial results for Q1 FY27 (quarter ended June 30, 2026) and the notice for the 32nd Annual General Meeting. Statutory auditor Sparth and Co issued a limited review report flagging that no provision has been made for gratuity, which is not in line with Ind AS 19. The company operates solely in the construction segment. Consolidated financials are not applicable.

Likely market impact

Auditor flagged Ind AS 19 non-compliance on gratuity provision; investors should watch for corrective disclosure in next filing.