Quarterly Result14 May 2026, 07:31 pm
Fone4 Communications Approves FY26 Audited Results
AI Summary
Fone4 Communications (India) Limited's Board of Directors approved the standalone audited financial results for the half year and financial year ended March 31, 2026, during a meeting held on May 14, 2026. The meeting took place at the company's registered office in Kochi, Kerala. The board also reviewed the auditor's report by Kapish Jain & Associates, Chartered Accountants. However, the auditor's report contains a qualified opinion due to concerns regarding trade receivables, payables, loans & advances, non-deduction of employee contributions, and non-compliance with Income Tax Act.
Key Highlights
- Fone4 Communications approved standalone audited financial results for FY26.
- Auditor's report by Kapish Jain & Associates includes a qualified opinion.
- Concerns raised about trade receivables, payables, and loan confirmations.
- Company didn't deduct/deposit employee contributions under EPF and ESI Acts.
- Company failed to file Income Tax Return and Tax Audit Report for multiple years.
Price Impact
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