Quarterly Result14 May 2026, 07:31 pm
Fone4 Communications Approves FY26 Audited Results
AI Summary
Fone4 Communications (India) Limited approved the standalone audited financial results for the half year and financial year ended March 31, 2026, during a board 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. However, the auditor's report contains a qualified opinion due to concerns about 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 issued a qualified opinion on the financial results.
- Concerns raised regarding trade receivables, payables, and loan confirmations.
- Company did not deduct and deposit employee contributions under EPF and ESI Acts.
- Company failed to file Income Tax Return and Tax Audit Report for multiple assessment years.
Price Impact
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