Quarterly Result23 May 2026, 03:31 pm
Allied Digital Revises FY26 Consolidated Financial Results
AI Summary
Allied Digital Services Ltd has revised its audited consolidated financial results for the year ended March 31, 2026, due to inadvertent errors in figures related to Current Assets (Trade Receivable and Loans) and Cash Flow (Operating profit and Investing activities). The company clarified that the errors were unintentional and has submitted corrected results. The auditor's report includes a qualified opinion due to non-compliance with Section 186(7) of the Companies Act, 2013, regarding interest-free loans to subsidiaries/related parties.
Key Highlights
- Allied Digital Services revised FY26 consolidated financial results due to data errors.
- Errors occurred in Trade Receivable, Loans, Operating Profit, and Investing Activities figures.
- Auditor issued a qualified opinion citing non-compliance with Companies Act Section 186(7).
- Interest-free loans to subsidiaries were a point of concern for the auditor.
- Company is addressing FEMA compliance related to loan conversion into equity.
Price Impact
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