the Board of Directors of the Company at their meeting held on Saturday, May 30, 2026, have inter alia approved; 1. Audited Financial Results of the Company for the period ended on March ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Spright Agro Limited reported a net loss of Rs. 1,249.11 lakhs for FY 2025-26, a dramatic turnaround from a profit of Rs. 2,040.16 lakhs in the previous year. Total income declined to Rs. 10,531.41 lakhs from Rs. 16,477.6 lakhs in FY 2024-25. The company's statutory auditors, Marks & Co., issued a Disclaimer of Opinion citing their inability to obtain sufficient audit evidence due to non-compliance issues including GST filing gaps (only filed till February 2026), outstanding TDS defaults, missing sales/purchase invoices, unaudited related party transactions, and unresolved income tax matters under Section 144 of the Income Tax Act. Operating cash flow was negative at Rs. 1,376.39 lakhs. The company has zero debt default as per the separate disclosure submitted.
Shareholders should be highly cautious as the auditors' disclaimer of opinion indicates serious doubts about the reliability of financial statements, compounded by regulatory compliance failures and a shift from profit to substantial loss.