Quarterly Updates29 May 2026, 08:23 pm
Radaan Mediaworks: Consolidated Loss Reported, Going Concern Doubts
AI Summary
Radaan Mediaworks India Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The auditor's report expresses a qualified opinion due to material uncertainty regarding the company's ability to continue as a going concern, citing a fully eroded net worth, current liabilities exceeding current assets, and significant statutory dues of ₹355.81 Lakhs. The board also approved the re-appointment of M/s.V.Padmaja & Associates as Internal Auditors for FY 2026-27.
Key Highlights
- Audited financial results for the quarter and year ended March 31, 2026, approved.
- Auditor expresses qualified opinion due to going concern uncertainty.
- Net worth fully eroded, current liabilities exceed current assets.
- Statutory dues of ₹355.81 Lakhs remain unpaid as of March 31, 2026.
- M/s.V.Padmaja & Associates re-appointed as Internal Auditors for FY 2026-27.