Declaration of Unmodified opinion by Auditors on Financial Results
UGARSUGAR · price
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Ugar Sugar Works Ltd has filed a declaration with BSE and NSE confirming that Kirtane & Pandit LLP, the statutory auditor, has issued an unmodified (clean) audit opinion on the standalone audited financial results for Q4 and the full year ended 31 March 2020. This filing is made pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An unmodified opinion indicates that the auditors found no material misstatements in the financial statements and they present a true and fair view of the company's financial position.
A clean audit opinion is positive for shareholders as it provides assurance about the reliability of financial statements and absence of significant accounting concerns or going concern issues.