The Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended on 31st March, 2026; together with Auditors Report with modified opinions on the aforesaid ....
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Sterling Green Woods Ltd reported audited financial results for Q4 and FY 2025-26. The company posted total income of Rs. 144.95 lakhs for FY26 (standalone), up from Rs. 117.90 lakhs in FY25, showing revenue growth. However, the company swung to a net loss of Rs. 124.38 lakhs in FY26 from a profit of Rs. 76.45 lakhs in FY25. The auditors Nahta Jain & Associates issued a qualified opinion on both standalone and consolidated financial results due to: (1) accounting software lacking proper maker-checker controls, (2) books of account not properly maintained, and (3) failure to ascertain impairment of resort assets. Multiple emphasis of matter paragraphs highlight ongoing legal disputes regarding alleged transfer of company assets in FY 2009-10, pending NCLT cases, and a Rs. 17.55 lakh fraud case against a former resort manager. Financial ratios show concerning liquidity with a current ratio of 0.27 and negative interest service coverage ratio.
The qualified audit opinion and steep shift to losses signal elevated risk for investors. Ongoing litigation and internal control weaknesses add further uncertainty. The stock may face negative sentiment due to auditor concerns and financial underperformance.