Auditor issues disclaimer opinion on FY26 financials

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AI summary

Auditor NKSC and Co issued a Disclaimer of Opinion on Shree Krishna Infrastructure's FY26 results after a mid-year change in management. Current management could not produce adequate records like bank statements, loan agreements, and invoices. Auditor could not verify state of affairs, profit, or cash flows. Reported figures: revenue 65.37, net profit 9.32, EPS 0.08, net worth 1199.57. First-time qualification. Management says it is reviewing the matter.

Likely market impact

Disclaimer opinion signals serious governance and record-keeping concerns; investors should monitor management's corrective action.