Addi Industries files Q4 & FY26 audited financial results
Addi Industries Limited's Board of Directors approved the Audited Financial Results (Consolidated and Standalone) for the quarter and financial year ended March 31, 2026, at a meeting on May 28, 2026. The company submitted these results to the Exchange, accompanied by Auditors’ Reports with unmodified opinions. The auditor's report noted a material uncertainty regarding the company's going concern status, as it is exploring new business ventures without implementation. Despite this, management maintains the going concern basis is appropriate, citing significant cash, positive net worth, and no borrowings. An emphasis of matter also highlighted a change in control on December 17, 2025, where an acquirer obtained 74.27% equity, without impacting asset and liability values.
Key Highlights
- Board approved Q4 and FY26 audited financial results.
- Auditors provided unmodified opinions on the results.
- Going concern uncertainty noted due to un-implemented new business.
- Management affirms going concern due to cash, net worth, no debt.
- Change in control occurred on Dec 17, 2025 (74.27% equity acquired).
Price Impact
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