Q4 and FY26 results with qualified audit opinion, concerns flagged

Board & Shareholder Meetings View source PDF

VIKASECO · price

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AI summary

Board approved FY26 audited results. Revenue fell to Rs 261.6 cr from Rs 285.8 cr. Net profit dropped to Rs 12.7 lakh from Rs 14.3 cr (which had a Rs 12.9 cr exceptional item). Q4 swung to Rs 1.1 cr loss. Auditor issued a qualified opinion flagging delayed statutory dues, material related party deals without shareholder approval, unverified Rs 18.5 cr loan, Rs 85.5 cr receivable from a cancelled MoU, Rs 55.5 cr real estate advance, and Rs 17.7 cr income tax demands.

Likely market impact

Qualified audit opinion, weak cash flows, related party concerns, and tax demands may weigh on the stock; investors should await clarifications.