Date and Nature of Query

Sumeet Industries Limited received a query from the National Stock Exchange of India Limited (NSE) via email dated June 29, 2026. The query specifically stated: "The Statement of Impact of Audit Qualifications in case of modified opinion(s)/ Declaration of unmodified opinion submitted is not in the format prescribed by SEBI."

The company's formal response was dated June 30, 2026.

Company’s Clarification and Submission

In its reply, the company clarified that the required Statement on Impact of Audit Qualifications had been duly signed by the following officials:

  • Mr. Pratik R Jaju, Managing Director
  • Mr. Abhishek Prasad, CFO
  • Mr. Radheshyam B Jaju, Executive Director (Chairman of the Board)

The company stated that its Audited Financial Statement for the period ended March 31, 2026, was recommended by its Audit Committee in a meeting held on May 29, 2026. It enclosed a copy of the Impact of Audit Qualifications statement, which was also digitally signed by the Chairman of the Audit Committee, and requested the exchange to take it on record.

Details of Financial Results and Audit Qualification

The annexures provided detailed financial figures for the year ended March 31, 2026, which were identical before and after adjusting for the audit qualifications, indicating a nil financial impact.

Standalone Financials (Rs. in Lakhs):

  • Turnover / Total Income: 105,753.17
  • Total Expenditure: 102,221.62
  • Total Comprehensive Net Profit: Not explicitly stated, but implied from other figures
  • Earnings Per Share: 0.48
  • Total Assets: 55,081.27
  • Total Liabilities: 55,081.27
  • Net Worth: 21,188.79

Audit Qualification Details:

The audit report contained a qualified opinion. The basis for the qualification was:

  • Detail: "The Interest payable as per section 16 of MSMED Act 2006 has not been ascertained and not provided for by the company."
  • Type: Qualified Opinion
  • Frequency: This is the second time this specific qualification has been raised.
  • Quantified Impact: The management's view on the impact was stated as "Nil".

Management's Justification and Auditor's Reference

For the qualification where the impact was not quantified by the auditor, the management provided its view:

  • Management's Estimation: "NA" (Not Applicable)
  • Reason for Inability to Estimate: "It is consistent business practices and mutual understanding with MSME vendors, no interest has been demanded or charged by the suppliers."

The response included a reference to the Independent Auditor's Report dated May 29, 2026, issued by H T K S & CO. Chartered Accountants (FRN : 0111032W), signed by partner CA. Richa Tosniwal (M.No. 188249).