Results-Financial Results for Mar 31, 2026
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The company reported audited financial results for Q4 and full year FY26 ending March 31, 2026. Total income for FY26 was Rs. 25.83 lakhs, down from Rs. 35.36 lakhs in FY25, representing a revenue decline of about 27%. The company returned to profitability with PAT of Rs. 6.87 lakhs compared to a loss of Rs. 12.68 lakhs in the previous year. Revenue from operations shows as zero, with only other income contributing. The statutory auditor (Milind Nyati & Co. LLP) issued a DISCLAIMER OF OPINION, citing that the company disposed of its principal manufacturing plant and has not carried out significant operating activities since, primarily earning income from investments. The auditors also noted that management did not provide a formal going concern assessment. Critically, the company's declaration claims auditors issued an unmodified opinion, which directly contradicts the actual disclaimer of opinion in the auditor's report.
This is a serious red flag for investors. The auditor's disclaimer of opinion, combined with disposal of the main operating asset and minimal operating revenue, raises significant concerns about the company's viability as a going concern. The mismatch between the company's declaration and the actual audit opinion is a governance red flag requiring immediate clarification from the company.