The Ugar Sugar Works Limited has informed the Exchange regarding 'Declaration of Unmodified Opinion by Auditors'.
UGARSUGAR · price
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The Ugar Sugar Works Limited has notified exchanges that its statutory auditor, Kirtane & Pandit LLP, has issued an audit report with an unmodified (clean) opinion on the audited standalone financial results for Q4 and the financial year ended 31st March 2020. This declaration is made pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An unmodified opinion indicates the auditor found no material misstatements in the financial statements, meaning the company's financial reporting is reliable and presented fairly.
A clean audit opinion is positive for shareholders as it confirms the accuracy and transparency of the company's financial statements without any qualifications or concerns raised by auditors.