DECLARATION OF NON APPLICABILITY OF REG 24A FOR FY MAR 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RKD Agri & Retail Ltd held its Board meeting on May 28, 2026, approving standalone audited financial results for FY ended March 31, 2026. The company reported revenue of Rs. 179.38 lakh for the year, slightly down from Rs. 182.50 lakh in the previous year. However, the company swung into a significant loss of Rs. 83.83 lakh compared to a loss of Rs. 10.98 lakh in FY2025. The company's total assets grew from Rs. 515.91 lakh to Rs. 631.71 lakh, but shareholder equity turned negative at Rs. 205.29 lakh (from Rs. 584.50 lakh positive). The board also appointed Hiren Dave as Internal Auditor for FY2026-27. Multiple regulatory declarations were filed citing non-applicability of certain SEBI regulations due to the company falling below prescribed thresholds. The statutory auditors issued a clean audit report with no qualifications.
The company is reporting significantly worsening financial health with losses widening nearly 8x and equity turning negative, indicating serious balance sheet concerns. Shareholders should note this is a loss-making company with deteriorating fundamentals. The clean audit opinion may not fully reflect going concern risks given the negative equity position.