Foundry Fuel Products Board Approves Q4 & FY26 Audited Results

The Board of Directors of Foundry Fuel Products Limited approved the Standalone Audited Financial Results for the quarter and year ended March 31, 2026, in a meeting held on May 28, 2026. The auditor's report, issued by Bohra & Co., highlighted a "Material Uncertainty Related to Going Concern." This uncertainty stems from the company's lack of business operations, incurred losses, negative net worth, and current liabilities exceeding current assets. However, the holding company has committed to infusing funds as needed, leading management to prepare accounts on a going concern basis. The auditor's opinion was not modified regarding this matter, noting it has been a recurring observation in previous reports.