Quarterly Result29 May 2026, 09:42 pm
Patron Exim Audited Results for FY26
AI Summary
Patron Exim Ltd has announced its audited standalone financial results for the half year and financial year ended March 31, 2026. The audit report expresses a qualified opinion due to concerns raised in Annexure 1, including related party transactions, unverifiable operating income, unpaid government taxes, and non-compliance with accounting standards. Loans and advances to related parties increased significantly, raising concerns about recovery. The auditor was unable to verify certain sales and purchase records and noted the absence of a mandatory audit trail.
Key Highlights
- Auditor issues qualified opinion on FY26 financial results.
- Concerns raised about related party loans increasing to ₹28.78cr.
- Unverifiable operating income and unpaid government taxes noted.
- Company non-compliant with mandatory audit trail requirements.
- Advances to creditors of ₹5.61 crores subject to confirmation and doubtful recovery.