Williamson Magor & Company Limited has informed the Exchange about change in Management

The Board of Directors of Williamson Magor approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025, along with the re-appointment of M/s R. Dugar & Associates as Internal Auditors for FY 2026-27. The statutory auditor (V. Singhi & Associates) issued a qualified conclusion, flagging that the company's net worth is fully eroded, raising material going concern uncertainty. The company faces a major arbitration award of approximately Rs 508.96 crore in joint liability from the International Chamber of Commerce (challenged in Delhi High Court on 5 February 2026), has not recognized interest expenses of Rs 10.83 crore for Q3 and Rs 32.33 crore for nine months on inter-corporate borrowings, and has recognized deferred tax assets of Rs 121.54 crore that the auditor considers overstated. The RBI had earlier cancelled the company's NBFC registration, and its restoration remains sub judice in the Calcutta High Court.