Key Financial Figures (as reported before adjusting for qualifications)

  • Turnover/Total Income: ₹8.26 crore
  • Total Expenditure: ₹23.51 crore
  • Net Profit/(Loss): ₹(15.25) crore loss
  • Earnings Per Share: ₹(0.08)
  • Total Assets: ₹1991.24 crore
  • Total Liabilities: ₹1991.24 crore
  • Net Worth: ₹1958.57 crore

Audit Qualification Details

Auditor NKSC & Co. issued a Disclaimer of Opinion dated 29 May 2026 due to change in management (shareholders) during the current financial year. The current management was unable to provide sufficient and appropriate financial/accounting records to verify transactions including:

  • Bank statements
  • Loan agreements
  • Trade receivables and trade payables confirmations
  • Invoices and supporting vouchers for sales and other expenses

The auditors were unable to confirm or verify by alternative means the state of affairs of the Company for the year ended 31 March 2026, its profit, and its cash flows for the year.

Frequency of Qualification

This qualification appeared for the first time.

Management's Views and Response

Management stated they are "looking into concern matter" but provided no quantified impact assessment. For qualifications where impact is not quantified by the auditor, management:

  • Did not provide any estimation of impact
  • Did not specify reasons for inability to estimate impact

Auditors' Comments

No auditors' comments provided on management's response.

Adjusted Financial Figures

No adjusted figures were provided in the statement. All financial figures remain as originally reported despite the disclaimer of opinion.

Board Approval and Signatories

The impact statement was reviewed and approved by the Board of Directors on 29 May 2026.

Signatories to the statement:

  • CEO/Managing Director: Mr. Anil Shiv Charan Singh
  • CFO: Mr. Vishal Gupta
  • Statutory Auditor: Mr. Priyank Goyal
  • Audit Committee Chairman: Not specified

Financial Impact Assessment

Financial impact not quantified in the disclosure. The disclaimer of opinion indicates that the reliability of all reported financial figures cannot be verified.