Independent Auditors Full Report
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported a net loss of Rs 1,574.43 lakhs for FY 2025-26, though this represents a 30% improvement from the previous year's loss of Rs 2,132.31 lakhs. Turnover declined to Rs 8,727.79 lakhs from Rs 9,948.58 lakhs. The auditors issued a qualified opinion citing material uncertainty about the company's ability to continue as a going concern due to completely eroded net worth and accumulated losses of Rs 10,514.05 lakhs. Additionally, the company has significant statutory defaults including unpaid EPF (Rs 124.78 lakhs), TDS/TCS (Rs 24.47 lakhs), ESI (Rs 4.71 lakhs), and excess GST ITC claim of Rs 6.75 lakhs. The company revalued its Property, Plant and Equipment during the year, resulting in substantial increases in asset values that turned total equity positive at Rs 12,894.42 lakhs. The Board also approved expansion into real estate and construction businesses by amending the Memorandum of Association.
The company continues to face severe financial distress with ongoing losses and statutory compliance issues. The going concern qualification and accumulated losses signal high risk for shareholders. While asset revaluation improved the balance sheet, underlying operational performance remains weak.