The Financial Results for the quarter and year ended March 31, 2026 along with Independent Auditor''s Report has been attached herewith.
Awaiting price reaction for this filing.
Alka India Limited reported standalone revenue of Rs. 250.21 Lakhs and profit of Rs. 17.81 Lakhs for FY 2025-26, compared to a loss of Rs. 44.58 Lakhs in the previous year. The company's auditors issued a Disclaimer of Opinion, meaning they could not verify the financial results. Key concerns include revenue and costs recognized entirely through manual journal entries without banking transactions, no bank statement confirmations provided, fixed assets completely written off without physical verification, and Rs. 469.34 Lakhs investment in a subsidiary not impaired despite being unquoted. The company also underwent NCLT resolution proceedings, with promoter shareholding cancelled and capital reduced from 5 crore to 50 lakh shares. The board approved a bonus issue (6:1) for public shareholders only to meet minimum public shareholding rules, and recommended a dividend of Rs. 0.04 per share.
The Disclaimer of Opinion represents a severe red flag indicating fundamental concerns about financial statement reliability. Shareholders should exercise extreme caution as the reported profits lack verification, and the company has undergone significant restructuring with new management taking over through NCLT resolution. The bonus issue for public shareholders only may dilute value without adding fundamental strength.