
Auditor23 Jul 2026, 05:50 pm
Diamond Power FY26 Financials Qualified Opinion Issued
AI Summary
Diamond Power Infrastructure Ltd has submitted its consolidated financial statements for the fiscal year ended March 31, 2026. The independent auditor has issued a qualified opinion, citing 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 value-in-use 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 identified with Property, Plant & Equipment register updation.
- Depreciation on certain assets provided at an estimated 20% rate.
Price Impact
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