Foundry Fuel Products Ltd approves Q4 & FY26 results

Foundry Fuel Products Limited's Board of Directors met on May 28, 2026, and approved the Standalone Audited Financial Results for the quarter and year ended March 31, 2026. The accompanying auditor's report highlights a material uncertainty regarding the company's ability to continue as a going concern due to a lack of business operations, incurred losses, negative net worth, and current liabilities exceeding current assets. Despite these challenges, the management has prepared the accounts on a going concern basis, supported by a commitment from the holding company to infuse funds as required. The auditor's opinion is not modified in respect of this going concern matter.