Modified audit opinion on FY26 consolidated results; Spafax associate unaudited

Qualified OpinionAuditor Mid Year ChangeRevenue DeclineResults View source PDF

URAVIDEF · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Uravi Defence filed FY26 (year ended March 31, 2026) audited results. Auditor Viren Gandhi and Co issued a Modified Opinion on consolidated results because the share of profit from new associate Spafax (Rs. 72.05 lakhs) was based on unaudited management accounts, with no audited financials available. Standalone results carry no qualifications. Standalone revenue fell to Rs. 4,049.20 lakhs (from Rs. 4,223.97) and net profit dropped to Rs. 131.70 lakhs (from Rs. 178.58). Subsidiary SKL India was sold on March 18, 2026.

Likely market impact

Qualified opinion on consolidated numbers may worry investors; Spafax associate contribution of Rs. 72.05 lakhs is unaudited and may later be revised.