1) Audited Standalone and Consolidated financial results for the quarter ended 31st March 2025. As per Regulation 33 of Listing Regulations, the Financial Results, statement of Assets & ....
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The board of Raghuvir Synthetics approved 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 sets of results. The auditor flagged an Emphasis of Matter regarding a GST search operation conducted by the Directorate General of GST Intelligence, under which the company has deposited Rs 1.88 Crores under protest pending further communication; the auditor clarified that the report is not qualified in this regard. The board also appointed M/s. Ashok K. Bhatt & Co. as the Internal Auditor for FY 2025-26. Consolidated results include the subsidiary Dreamsoft Bedsheets Private Limited.
A clean auditor opinion is positive for shareholders, but investors should note the Rs 1.88 Crore GST-related deposit under protest as a pending tax matter that could affect future earnings if the liability is confirmed.