AUDITED FINANCIAL RESULTS ALONG WITH AUDITORS REPORT FOR THE QUARTER AND YEAR ENDED AS ON 31.03.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Veer Global Infraconstruction Limited reported strong revenue growth for FY 2025-26 with total income of Rs 1,181.50 Lakhs, up 68% from Rs 736.57 Lakhs in the previous year. Net profit for the year stood at Rs 180.81 Lakhs compared to Rs 161.45 Lakhs in FY 2024-25, representing an 12% increase. The auditor Bansilal Shah & Co. issued an unmodified opinion, meaning the financial statements present a true and fair view. However, the auditor included an Emphasis of Matter paragraph noting that trade receivables, advances and project balances lacked external confirmations, though management stated these are recoverable. The auditor also flagged a borrowing default of Rs 90 Lakhs to Bank of Baroda (both principal and interest, 50 days overdue) and a contingent GST liability of Rs 22.13 Crores (Show Cause Notice for interest and penalty) where the Hon'ble High Court has granted a stay on proceedings.
The company shows healthy revenue growth and improved operating cash flow, but shareholders should note the pending GST dispute, borrowing default, and large increases in inventory and loans/advances which could impact future profitability. The unmodified audit opinion is positive.