Revised FY26 Results with Audit Qualifications on Tax Disputes

Qualified OpinionAuditor Mid Year ChangeContingent Liabilities IncreasedResults View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.9%Reaction day

₹8.87

prior close

₹8.90

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%-1.9% vs market

Iron & Steel Products peers, median of 104sector-0.7%-1.2% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-1.3

15m

-4.4

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.9+0.0-1.9-0.7-1.2

Next day

-8.6+1.3-9.9+0.2-8.7

-9.8+1.1-10.9+0.0-9.8

-12.2-1.7-10.5-2.1-10.0

-20.4-1.4-19.0-1.5-18.9

-12.3-0.6-11.7-1.6-10.7

+2.6+0.3+2.3-1.2+3.8

15d

-2.0-6.1+4.1-7.5+5.5

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 104Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Rajasthan Tube Manufacturing filed revised audited results for FY25-26. Auditor Bakliwal and Co gave an unqualified main opinion but flagged qualifications on disputed statutory dues. Total GST and VAT disputes pending in appellate forums: about Rs 15.18 crore. The previous statutory auditor resigned during the year and Bakliwal was appointed in casual vacancy. Company reported no cash losses and internal financial controls were found adequate.

Likely market impact

Tax disputes of around Rs 15 crore pending in appeals could hurt future earnings. Auditor change mid-year and audit qualifications are concerns worth watching.