India Homes Limited reported audited FY26 standalone net profit of ₹2,285.06 lakhs, a significant improvement from FY25 loss of ₹1,339.35 lakhs.
Auditors issued a disclaimer of opinion due to multiple material uncertainties including inaccessible accounting records, unverified inventory valuation of ₹13,696.20 lakhs, and questionable related party transactions.
The Board approved appointment of new statutory auditor CGCA & Associates LLP and internal auditor KSCA & Associates LLP for FY26-27.
The company faces severe going concern uncertainties with current liabilities exceeding current assets and operations substantially ceased.