Quarterly Result30 May 2026, 05:21 pm
Garnet International: Audited Results for FY26
AI Summary
Garnet International Ltd. has released its audited financial results (consolidated and standalone) for the year ended March 31, 2026. The Board of Directors approved the results in a meeting held today. The auditor's report contains a modified opinion on the standalone and consolidated audited financial results for the quarter and year ended March 31, 2025, with a statement on the impact of audit qualifications enclosed. The meeting commenced at 3:00 p.m. and concluded at 5:00 p.m.
Key Highlights
- Audited financial results (consolidated and standalone) for FY26 approved by the board.
- Auditor issued a modified opinion on standalone & consolidated results.
- Company did not make interest provision on inter-corporate loans, non-compliant with Section 186(7).
- Interest not paid/provided on certain borrowings, impacting finance costs.
- Interest-free unsecured loan granted to subsidiary, non-compliant with Section 186(7).
Price Impact
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