Audited Standalone results for year ended 31st March, 2026 Auditors report with Modified Opinion Annexure-I in prescribed format
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vapi Enterprise Ltd reported total income of Rs.240.57 Lacs for FY26, up 10.3% from Rs.218.15 Lacs in FY25. Net profit stood at Rs.149.45 Lacs, growing 13.6% from Rs.131.55 Lacs. The company has significant assets of Rs.3,824.59 Lacs with net worth of Rs.3,710.09 Lacs. However, the auditors issued a Modified Opinion with two qualified matters: an electricity deposit dispute of Rs.2.14 Crores paid under protest (3rd time qualification), and concerns about going concern as the company sold its factory land but has not finalized any new business plan (2nd time qualification). The company also flagged non-compliance with IndAS-19 on employee benefits and inadequate audit trail in their accounting software. Operating cash flow remains negative at Rs.690.51 Lacs.
The Qualified Opinion and emphasis of matter on going concern raises serious red flags. The company sold its paper mill but has no clear business direction, which could significantly impact shareholder value. Negative operating cashflow despite asset sales adds to concerns.