Board Meeting Outcome For Audited Financial Results For The Quarter and year Ended March, 31, 2026
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Square Four Projects India Ltd reported audited financial results for FY2026. The standalone results show total income of Rs. 38.43 Lacs (down from Rs. 52.29 Lacs in FY25), with profit after tax of Rs. 9.73 Lacs compared to Rs. 22.24 Lacs in the previous year—a decline of approximately 56%. The consolidated results are worse, showing total income of just Rs. 1.36 Lacs and a net loss of Rs. 28.21 Lacs versus a loss of Rs. 7.78 Lacs in FY25. The company's auditor, P A R V & Associates, issued a qualified opinion because the company failed to carry out fair valuation of investments worth Rs. 39.50 lakhs as required under Ind AS 109 and Ind AS 113. Operating cash flows remain negative at Rs. 37.74 Lacs (standalone) and Rs. 35.41 Lacs (consolidated).
The qualified audit opinion and failure to comply with accounting standards regarding investment valuation represent a governance risk that could concern investors. The significant decline in revenue and profitability, combined with negative operating cash flows, indicates deteriorating financial health. Shareholders should monitor the company's ability to continue as a going concern.