StockWatch
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Non Banking Financial Company (NBFC)
Quarterly Updates12 Jun 2026, 12:16 pm

Garbi Finvest declares Audited FY26 Results; Auditor issues qualified opinion

AI Summary

Garbi Finvest Ltd announced its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results and took note of the audit report. However, the company's statutory auditors, Kushal S Poonia & Co., issued a qualified opinion. The auditors cited non-compliance with Indian Accounting Standards regarding provisioning for expected losses/liabilities and an inability to verify the methodology for recognizing interest income, as loan agreements were not furnished. This indicates potential material misstatements in the financial statements.

Key Highlights

  • Garbi Finvest declared audited financial results for FY26.
  • Board of Directors approved the financial results.
  • Statutory auditors issued a qualified opinion on the financial statements.
  • Auditors cited issues with provisioning and interest income recognition.
  • Loan agreements were not furnished to the auditors.