Quarterly Result29 Apr 2026, 11:21 pm
California Software Audited Results for FY26 Approved
AI Summary
California Software Company Ltd's Board of Directors approved the audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026, as per Indian Accounting Standards (IND AS). The board also noted the Statutory Auditors’ Report, which included a qualified opinion due to concerns regarding tax asset reconciliation, investment impairment testing, and overdue trade receivables. The audit report also mentioned an emphasis of matter regarding an advance for investment with insufficient evidence of recoverability.
Key Highlights
- Audited financial results (standalone and consolidated) for FY26 approved.
- Statutory Auditors’ Report noted with a qualified opinion.
- Concerns raised on tax asset reconciliation and investment impairment.
- Overdue trade receivables and lack of provision highlighted.
- Emphasis of matter regarding advance for investment recoverability.