Outcome of Board Meeting held on May 29, 2026 - Audited Standalone Financial Results of the Company for the fourth quarter and Year ended March 31, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Star Source Multi Trade Ltd reported a massive loss of Rs. 1,18,549.73 thousand for FY2026, a dramatic decline from a profit of Rs. 3,422.09 thousand in FY2025. The company recorded only agricultural sales in its books while reporting higher turnover in GST returns, with no reconciliation provided. The auditor flagged that balance confirmations from various parties were not available and losses on fair value changes in investments lacked adequate explanations. Cash reserves collapsed from Rs. 1,06,228 thousand to just Rs. 122.26 thousand. Shareholder equity declined sharply from Rs. 1,31,446 thousand to Rs. 12,897 thousand. Despite these concerns, the company declared an unmodified opinion on the financial statements.
This is a severe financial deterioration with potential going concern risks. The mismatch between book sales and GST returns, combined with massive losses and depleted cash reserves, signals high risk for shareholders. The stock should be approached with extreme caution.