Enclosed Outcome of the Board meeting dated 30th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Wardwizard Foods reported revenue from operations of ₹23,773.12 lakhs for FY2026, a significant jump from ₹9,277.90 lakhs in FY2025, representing approximately 156% year-over-year growth. The company turned profitable with net profit of ₹131.07 lakhs compared to a loss of ₹1,368.64 lakhs in the previous year. However, the statutory auditor M/s Mahesh Udhwani & Associates issued a qualified opinion due to two concerns: outstanding advances of ₹760 lakhs and other current financial assets of ₹108 lakhs for which no impairment or Expected Credit Loss provisions were recognized despite uncertainty about recoverability. Additionally, borrowings of ₹328.07 lakhs could not be independently verified. The company also appointed Devam J. Jayaswal as Internal Auditor for FY2026-27.
The strong revenue growth and return to profitability are positives, but the qualified auditor opinion raises red flags about asset quality. The unrecovered advances and unverified borrowings could potentially impact future earnings if provisions are required. Shareholders should monitor recovery efforts closely.