Shri Niwas Leasing and Finance Limited submitted a regulatory disclosure to BSE Limited regarding the audit opinion on its standalone financial results for the year ended March 31, 2026. The filing is made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.
The company declared that the Independent Auditor's Report issued by its statutory auditors, VRSK & Associates, Chartered Accountants, contains an unmodified opinion but with three specific exceptions that constitute a modified opinion.
The audit report exceptions are:
- The company did not maintain accounting software with the feature of recording audit trails for every transaction, including creation and edit logs with dates for each change made in books of accounts, as required by the proviso to rule 3(1) of the Companies (Accounts) Rules, 2014. The software also did not ensure that the audit trail feature cannot be disabled.
- The standalone financial statements did not comply with the Indian Accounting Standards specified under section 133 of the Companies Act, 2013.
- Due to non-provision of interest on loans, the standalone financial statements may not give a true and fair view of the company's financial position, despite providing information required by the Companies Act, 2013 in the prescribed manner.
The disclosure was signed by Rajni Tanwar, Managing Director (DIN: 08201251), and requests BSE to take the information on record. Financial impact of the audit qualifications is not quantified in the disclosure.