Approval of Finacial Results of Half year and year ended 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors of Riddhi Steel and Tube Ltd approved the Annual Audited Standalone Financial Results for the half and year ended March 31, 2026, in their meeting held on May 30, 2025. The Statutory Auditor, M/s. Ashok Rajpara & Co., issued an Unmodified Opinion on the financial results. However, the auditor's report specifically states there is a 'Material Uncertainty Related to Going Concern' that may have an adverse effect on the company's functioning. The company also appointed new auditors including M/s. G R Shah & Associates as Secretarial Auditor, M/s. C. P. Shah & Associates as Internal Auditor, and M/s. Mayur Chhaganbhai Undhad & Co. as Cost Accountants. No actual financial figures (revenue, PAT, EBITDA) were included in this filing.
The Unmodified Opinion is positive, but the Going Concern warning is a significant red flag indicating the company may face financial distress or liquidation risks. Shareholders should closely monitor future filings for any deterioration in financial health or recovery plans.