Q1 FY27 results: qualified audit, going concern flag
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY27 results for quarter ended June 30, 2026. Revenue grew to Rs 166.77 lakhs from Rs 75.30 lakhs YoY. Loss before tax was Rs 16.10 lakhs. Auditor issued a qualified conclusion flagging going concern uncertainty due to negative operating cash flows, sustained operating losses, and asset value erosion. Other equity is negative at Rs 13,000.38 lakhs. Board appointed R K Doshi and Co LLP as Internal Auditor for FY27 and adopted new Articles of Association.
Auditor flagged going concern uncertainty. Despite revenue growth, losses persist and reserves are negative, raising solvency concerns for shareholders.