Binny Ltd Board Approves Unaudited Q3 FY26 Results
Binny Limited's Board of Directors has approved the unaudited financial results for the quarter ended December 31, 2025. The approval was granted during a board meeting held on June 20, 2026. The results were accompanied by a limited review report from the independent auditor, Venkatesh & Co. The auditor's report highlighted certain qualifications regarding advances to RRB Energy Limited and revenue recognition for a sale agreement with M/s Sankhlecha Infra Projects Private Ltd, citing insufficient audit evidence and non-compliance with Ind AS 115 respectively. Despite these qualifications, the auditor stated that nothing came to their attention to suggest material misstatements in the overall financial statement.
Key Highlights
- Board approved unaudited financial results for Q3 FY26.
- Auditor issued a qualified conclusion on the financial results.
- Concerns raised over recoverability of advances and revenue recognition.
- Financial results prepared as per Ind AS 34 and SEBI LODR Regulations.
Price Impact
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