Submission of Standalone Audited Financial Results of the Company for the quarter and year ended March 31, 2026 along with the Audit Report.
Awaiting price reaction for this filing.
Koiya International Ltd reported zero revenue from operations for FY26 (same as FY25). The company posted a loss before tax of Rs 31.36 lakhs, an improvement from Rs 41.84 lakhs loss in FY25. Other income was minimal at Rs 0.32 lakhs. The balance sheet shows severe distress with negative equity of Rs 95.97 lakhs (up from Rs 64.61 lakhs negative), while current liabilities stand at Rs 122.88 lakhs against total assets of only Rs 26.91 lakhs. Operating cash flow turned negative at Rs 0.75 lakhs. Despite these red flags including zero revenue, persistent losses, and negative net worth, the statutory auditor Mahesh C. Solanki & Co issued an unmodified (clean) opinion.
The company is essentially a non-operating entity with zero revenue and negative equity exceeding Rs 95 lakhs, indicating serious going concern risk. Despite this, auditors gave a clean opinion which may understate the company's true financial distress. Shareholders face extreme risk as the company has no visible business operations generating income.