With reference to communication received from BSE dated 18th September,2025 regarding the discrepancy in the unaudited financial statements of Rajasthan Gases Limited for the quarter ended ....
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Awaiting price reaction for this filing.
Rajasthan Gases Limited has resubmitted its corrected unaudited financial results for Q1 FY26 after BSE raised a discrepancy in the earlier filing. For the quarter ended June 30, 2025, the company reported zero revenue from operations, with total income of ₹983.87 lakhs coming entirely from other income (vs ₹179.88 lakhs in the preceding quarter). Total expenses stood at ₹23.70 lakhs, including ₹8.49 lakhs in finance costs. Profit before and after tax came in at ₹960.17 lakhs (EPS ₹1.25), a strong turnaround from a loss of ₹7.03 lakhs in the corresponding quarter last year. The statutory auditor (Rahul S Gupta & Associates) issued a limited review report with an unmodified (clean) opinion on the corrected results. The board approved the revised results and noted no pending investor complaints.
The corrected filing shows a swing from loss to profit, but with no operating revenue, the earnings are entirely reliant on non-operating/other income, which may not be sustainable. The need to correct a BSE-flagged discrepancy is a minor governance red flag but the clean auditor opinion limits concerns.