Financial Results (Audited Figures)

The company reported the following financial figures for the year ended 31st March 2026 (amounts in lakhs):

  • Turnover/Total Income: ₹70.07
  • Total Expenditure: ₹13.53
  • Net Profit: ₹52.31
  • Earnings Per Share: ₹0.89
  • Total Liabilities: ₹80.33
  • Net Worth: -₹118.82

Audit Qualification Details

Type of Qualification: Qualified Opinion (First Time)

Key Issues Identified by Auditor:

  • Accumulated losses amounting to approximately ₹21,295.40 lakhs as of March 31, 2026, resulting in complete erosion of net worth
  • Current liabilities exceed current assets by ₹186.78 lakhs (previous year: ₹171.13 lakhs), indicating negative working capital position
  • These conditions indicate material uncertainty that may cast significant doubt on the company's ability to continue as a going concern

Auditor's Stated Basis: Notwithstanding the above concerns, the financial statements have been prepared on a going concern basis, the appropriateness of which is dependent upon the company's ability to generate adequate cash flows in future and/or obtain necessary financial support.

Management's Response and Views

Management remains confident in the company's operational continuity and states:

  • Financial statements are prepared on a going concern basis
  • The company has secured financial support commitments from its promoters to bridge short-term cash deficits
  • Management of the company through an open offer is going to be changed in due course
  • New promoter is planning to induct funds in accordance with SEBI (ICDR) Regulations
  • Management believes there will be adequate liquidity for working capital requirements

Impact Assessment

The statement of impact shows that all financial figures remain unchanged after adjusting for the qualifications:

  • Turnover/Total Income: No change (₹70.07 lakhs)
  • Total Expenditure: No change (₹13.53 lakhs)
  • Net Profit/(Loss): No change (₹52.31 lakhs)
  • Earnings Per Share: No change (₹0.89)
  • Total Liabilities: No change (₹80.33 lakhs)
  • Net Worth: No change (-₹118.82 lakhs)