SHREERAMABSEShree Rama Multi-Tech LtdMediumNeutral
Announced Sat, 9 May · 16:42 IST

As per the attached letter

Qualified OpinionResults View source PDF

SHREERAMA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-13.6%1-day move
₹50.59
prior close
₹47.55
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.6-2.0-2.3-3.9-13.6-13.8-16.0-17.2-17.8-14.4-8.1-19.6-15.0
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AI summary

Shree Rama Multi-Tech Limited has corrected a clerical error in the Statement on Impact of Audit Qualifications filed with its FY2026 audited financial results. The earlier reported figures contained a typographical error showing Total Assets as Rs. 207.52 lakhs instead of Rs. 22,785.80 lakhs. The company clarified that this correction applies only to the Statement on Impact document and does not affect the actual Audited Financial Results, Statement of Assets and Liabilities, or Cash Flows. The auditors issued a 'Qualified Opinion' which is repetitive in nature. The qualification arises because the company could not consolidate accounts of its defunct wholly-owned subsidiary Shree Rama Wineries Limited, whose directors resigned in 2005-06 and whose audited accounts from September 2003 onwards could not be prepared.

Likely market impact

The actual financial performance remains unchanged; however, the repeated qualified auditor opinion highlights ongoing governance concerns related to the defunct subsidiary, which investors may view negatively as it indicates incomplete financial reporting controls.