Quarterly Result29 Oct 2026, 06:01 pm
Invigorated Business Consulting Ltd Declares Unaudited Q2 FY27 Results
AI Summary
Invigorated Business Consulting Ltd announced the approval of its Unaudited Financial Results for the quarter and half-year ended September 30, 2026, during a Board Meeting held on October 29, 2026. The company also approved the appointment of M/s. GAV & Associates as Statutory Auditors for a five-year term, subject to shareholder approval at the 2027 AGM. The auditor's report noted that despite the company's net worth being fully eroded, the management believes the going concern concept is not vitiated due to future business plans. Provisions for doubtful trade receivables and advances continue to be maintained.
Key Highlights
- Board approved unaudited financial results for Q2 FY27 and H1 FY27.
- Appointment of M/s. GAV & Associates as Statutory Auditors approved.
- Auditors noted net worth erosion but management's confidence in going concern.
- Provisions for doubtful receivables and advances remain.
- Company is no longer registered as a Non-Banking Financial Institution.
Price Impact
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