Audited Financial Results for the year ended 31st March, 2026
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Shree Krishna Infrastructure Limited has reported audited financial results for FY2026. The auditor NKSC & Co. has issued a DISCLAIMER OF OPINION - a serious red flag - citing that due to a change in management during the year, the new management failed to provide sufficient accounting records including bank statements, loan agreements, trade receivables/payables confirmations, and supporting invoices to verify transactions. Operating cash flow deteriorated sharply to negative Rs 4.18 crore in FY2026 from positive Rs 2.49 crore in FY2025. Notably, the company filed a separate declaration under Regulation 33(3)(d) claiming the auditor issued an unmodified (clean) opinion, which directly contradicts the actual auditor's report showing a disclaimer. The financial data in the statement shows minimal revenue figures, making it difficult to assess true business performance.
The disclaimer of opinion and contradictory declaration raise serious concerns about financial reporting integrity and corporate governance. Shareholders should be highly cautious as the books of accounts could not be verified, and the reported numbers may not reflect true business performance. The stock is likely to face significant negative sentiment.