The Board of Directors of the Company have interallia: 1. Considered and approved the Audited Financial Results for the Quarter and Year ended 31st March 2026 2. Took note of the Auditor''s ....
Awaiting price reaction for this filing.
Golden Carpets Ltd reported Total Revenue of ₹96.77 lakhs for FY2026, up 22.5% from ₹79.02 lakhs in FY2025. However, the company continues to incur losses with a net loss of ₹16.39 lakhs compared to a loss of ₹9.29 lakhs in the previous year. The company has significant negative equity of ₹30.74 lakhs (vs negative equity of ₹14.36 lakhs last year), indicating deteriorating financial health. Operating cash flow turned negative at ₹16.67 lakhs. The auditor's report includes an explicit mention of going concern assessment, though it issued an unmodified (clean) opinion. The Board also appointed a new Secretarial Auditor.
The company is loss-making with worsening financials and negative equity, which raises significant concerns about its ability to continue as a going concern. Revenue grew but cost overruns and operating losses continue to erode shareholder value.