We are pleased to submit of Audited standalone financial statements of the company for the quarter /financial year ended March 31 .2026 approved by board of director in the meeting held ....
Awaiting price reaction for this filing.
Victoria Enterprises Limited reported FY2026 PAT of ₹47.42 Lacs, a turnaround from FY2025 loss of ₹182.77 Lacs. The auditors issued a QUALIFIED OPINION citing non-compliance with Ind AS 19 for gratuity provisioning—no actuarial valuation was obtained, and provisions are based on management estimates. Four Emphasis of Matter notes were raised: (1) 5% Non-Cumulative Redeemable Preference Shares overdue for refund since 2020 with restructuring negotiations ongoing; (2) Receivables/Payables balances subject to confirmation and reconciliation with indeterminable impact; (3) GST/statutory authority reconciliations pending; (4) Prior year figures restated following recognition of ₹967.36 Lacs expenses from FY25 as exceptional items in Q3, which were then reclassified to FY25 in the final accounts. The company has negative equity (₹39.45 Lacs) and negative other equity, indicating a balance sheet deficit.
The qualified audit opinion and negative equity position signal significant financial stress. Shareholders should note the lack of actuarial valuation for gratuity creates uncertainty in true liability levels, and the preference share refinancing risk remains unresolved. The restatement of prior year figures reduces confidence in historical comparisons.