Response to Query dated 26th December, 2025 related to Financial results under Regulation 33 of SEBI (LODR) Regulation, 2015 for the Quarter and Half Year ended on 30th September, 2025
Awaiting price reaction for this filing.
Silverline Technologies submitted a revised financial filing to BSE after the exchange flagged mismatches between its XBRL and PDF submissions for the quarter and half year ended 30 September 2025. The company attributed the errors in EPS figures and cash flow data to clerical and typographical mistakes and resubmitted corrected figures. The reported numbers show a sharp jump — total income of Rs. 20,016.06 lakhs for H1 FY26 versus just Rs. 145.37 lakhs in H1 FY25, with net profit of Rs. 1,840.63 lakhs. However, the auditor (S Parth & Co) issued a qualified/disclaimer opinion highlighting multiple concerns: no fixed assets register maintained, missing supporting documents for sales, purchases and inventory, unsecured loans without agreements, non-compliance with the MSMED Act on trade payables, and unconfirmed trade receivables.
The BSE query is largely a technical/clerical matter and the company has complied with resubmission. However, the auditor's qualified opinion points to weak internal controls, poor documentation, and possible regulatory non-compliance, which are red flags for investors and could lead to further scrutiny.