Quarterly Updates16 May 2026, 04:40 pm
Geetanjali Credit FY26 Results Qualified; Loans at ₹256 Lakhs
AI Summary
Geetanjali Credit and Capital Ltd's audited standalone financial results for the year ended March 31, 2026, received a qualified opinion from the auditor. The auditor raised concerns regarding the recoverability of loans and advances of ₹256.27 lakhs due to the absence of balance confirmations and non-compliance with NPA norms. Additionally, there's an outstanding income tax demand of ₹529.75 lakhs without sufficient documentation for appeal proceedings. The company also failed to appoint an internal auditor for FY26, a non-compliance issue.
Key Highlights
- Auditor issues qualified opinion on FY26 standalone financial results.
- Concerns raised over ₹256.27 lakhs in loans and advances due to lack of confirmation and NPA non-compliance.
- Outstanding income tax demand of ₹529.75 lakhs lacks supporting documentation.
- Company did not appoint an internal auditor for FY26, violating Companies Act.
Price Impact
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