Facor Alloys: Audit Qualification on FY26 Consolidated Results

Facor Alloys Limited has issued a statement regarding an audit qualification on its consolidated financial results for the quarter and year ended March 31, 2026. The qualification is a Disclaimer of Opinion due to the non-consolidation of an overseas subsidiary's financial data following a management change. While management believes the impact is not material, the auditors could not obtain sufficient evidence to form an opinion. The financial figures for turnover, expenditure, net profit/loss, EPS, assets, liabilities, and net worth remain unchanged before and after adjusting for the qualification, as the impact was not quantified by the auditor. The company has also filed a complaint with the Economic Offences Wing regarding this matter.