Outcome of Board Meeting for Audited Financial Results 2025-2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY2026 ending March 31, 2026. Total income was Rs 557 lakhs vs Rs 537 lakhs in FY2025, showing marginal growth. However, profit before tax declined sharply to Rs 20.57 lakhs from Rs 45.1 lakhs, and net profit fell to Rs 1.93 lakhs from Rs 9.35 lakhs year-on-year. EPS dropped to Rs 0.08 from Rs 0.35. Critically, the statutory auditor NKSC & Co. issued a DISCLAIMER OF OPINION citing inability to verify financial records due to change in management/shareholders during the year. The auditor could not confirm bank statements, loan agreements, trade receivables/payables, or supporting vouchers. Operating cash flow was deeply negative at Rs 417.50 lakhs. A company declaration stating the auditor issued an unmodified opinion directly contradicts the auditor's published disclaimer, which is a significant red flag.
The disclaimer of opinion from auditors signals serious concerns about financial statement reliability and corporate governance. The negative operating cash flow and profit decline compound investor risk. The contradiction between the company's declaration and auditor's actual disclaimer raises compliance red flags for shareholders.