1)Audited standalone and consolidated financial result for the quarter ended 31.03.2025 as per regulation 33 of listing regulation , the financial result , statement of asset and liabilities ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Raghuvir Synthetics Limited, at a meeting on 29th May 2025, approved the audited standalone and consolidated financial results for the quarter and year ended 31st March 2025. Statutory auditor G.K. Choksi & Co. issued an unmodified (clean) opinion on both the standalone and consolidated results. However, the auditor included an Emphasis of Matter paragraph highlighting that the Directorate General of GST Intelligence (DGGI) had conducted search operations on the company, and the company has deposited Rs 1.88 Crores under protest pending further communication from DGGI. The Board also appointed M/s. Ashok K. Bhatt & Co. as the new Internal Auditor for FY 2025-2026. The consolidated results include the subsidiary Dreamsoft Bedsheets Private Limited.
The clean (unmodified) audit opinion is reassuring for shareholders. However, the DGGI search matter is a regulatory overhang — while the company has deposited Rs 1.88 Crores under protest and management does not expect further impact, the final outcome remains uncertain and could become a contingent liability risk. Investors should watch for further developments on the GST investigation.