Star Source Multi Trade Approves Audited FY26 Results
Star Source Multi Trade Ltd's board approved the audited standalone financial results for the fourth quarter and year ended March 31, 2026, during its meeting on May 29, 2026. The meeting, held at the company's registered office, commenced at 03:30 PM and concluded at 03:45 PM. SSRV & Associates Chartered Accountants issued an independent auditor's report, noting that the financial results present a true and fair view in accordance with applicable accounting standards. However, the report also highlighted discrepancies between agricultural sales recorded and GST returns, the absence of balance confirmations from various parties, and a lack of adequate explanations for losses on fair value changes in investments.
Key Highlights
- Board approved audited standalone financial results for Q4 and FY26.
- Auditors noted discrepancies between sales records and GST returns.
- Balance confirmations from parties were not available for verification.
- Loss on fair value change in investments lacked adequate explanation.
- Meeting commenced at 03:30 PM and concluded at 03:45 PM.
Price Impact
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