The Audited (Standalone & Consolidated) Financial Results for the Quarter and Year ended March 31, 2026 along with Auditor Report has been attached herewith.
Awaiting price reaction for this filing.
Alka India Limited reported standalone revenue of Rs. 250.21 lakh and net profit of Rs. 81.99 lakh for FY 2025-26, recovering from a loss of Rs. 44.58 lakh in the previous year. However, the statutory auditors (J.M. Patel & Bros.) issued a DISCLAIMER OF OPINION on both standalone and consolidated results, citing severe concerns: revenue of Rs. 2.50 crore from rice sales was recorded entirely through journal entries without any banking transactions or supporting documents like GST returns or E-way bills; bank balances with YES Bank and Kalupur Commercial Co-operative Bank could not be verified; investments of Rs. 469 lakh and loans of Rs. 250.48 lakh to subsidiary Vintage FZE India Private Limited remain unrecovered and should be written off; and fixed assets were completely written off without documentation. The Board declared a dividend of Rs. 0.04 per share and proposed a 6:1 bonus issue for public shareholders to meet minimum public shareholding requirements. The company is undergoing a strategic shift from textiles to agro-commodity trading following NCLT resolution plan implementation.
The disclaimer of opinion is a serious red flag indicating fundamental concerns about transaction authenticity and asset verification. Shareholders should exercise extreme caution as the reported profits are based on unverified journal entries and the company's actual financial position remains unclear.