Auditor23 Jul 2026, 05:50 pm
Diamond Power FY26 Consolidated Financials Issued with Qualified Opinion
AI Summary
Diamond Power Infrastructure Ltd has submitted its consolidated financial statements for the fiscal year ended March 31, 2026. The independent auditor's report includes a qualified opinion due to ongoing issues with the updation of the Property, Plant & Equipment register. The company is in the process of physical verification and reconciliation, with the final determination of asset values and useful lives still pending. Depreciation on unreconciled assets from the NCLT/RP period is being provided at 20% of the applicable rate, based on estimated capacity utilization.
Key Highlights
- Consolidated financial statements for FY2026 submitted.
- Auditor issued a qualified opinion on the financial statements.
- Issues persist with Property, Plant & Equipment register updation.
- Final asset valuation and depreciation calculations are pending.
- Depreciation on older assets is estimated at 20% of applicable rate.
Price Impact
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