Royal Orchid Hotels Limited has informed the Exchange about General Updates
ROHLTD · price
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Royal Orchid Hotels has received a Qualified Opinion from its auditors (Walker Chandiok & Co LLP) for both standalone and consolidated financial results for the year ended March 31, 2026. This is the third consecutive time such a qualification has been issued. The qualification relates to an ongoing legal dispute at associate company Ksheer Sagar Developers Private Limited (KSDPL), where certain shareholders filed a petition with NCLT against the company. The auditors cannot confirm KSDPL's compliance with applicable legal provisions due to the unascertainable outcome of this litigation. Standalone net profit was Rs 3,408.28 lakhs on total income of Rs 21,289.77 lakhs, while consolidated net profit was Rs 3,332.74 lakhs on total income of Rs 40,643.17 lakhs.
The Qualified Opinion for the third consecutive year signals ongoing uncertainty around the KSDPL litigation. While the company remains profitable, shareholders face uncertainty as the financial impact will only be known upon NCLT adjudication. This creates risk and may concern investors seeking clean audit reports.