Announced Wed, 8 Jul · 18:14 IST
Tarapur Transformers: Qualified audit opinion; negative net worth raises going concern doubt
Regulatory & Legal View source PDF
TARAPUR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.6%1-day move
₹17.91
prior close
₹17.68
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———+3.0+1.6+2.1-1.7-0.2+2.2-4.0————
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AI summary
Tarapur Transformers replied to NSE's query on its audit qualification filing, blaming the CFO's absence for the missing signature; the filing is now corrected. The auditor's qualified opinion flags serious issues: negative net worth of Rs. 186.21 lakhs raising going concern doubt, net loss of Rs. 184.67 lakhs on turnover of Rs. 139.75 lakhs, contingent liabilities of Rs. 959.71 lakhs, and loans exceeding statutory limits.
Likely market impact
Auditor raised going concern doubt, negative net worth of Rs. 186.21 lakhs, and 9 audit qualifications. Major red flags for shareholders.