GLLFL Q4/FY26 Audited Results: Auditor Issues Modified Opinion
GOLDEN LEGAND LEASING AND FINANCE LIMITED (GLLFL) announced its audited financial results for the quarter and year ended March 31, 2026, approved by the Board on May 28, 2026. The statutory auditors, M/s Sunil Vankawala & Associates, issued a modified opinion on the standalone financial results. The qualification is primarily due to suspicious transactions amounting to ₹7528.18 Lakhs, for which the company's bank account is under lien and no provision has been recognized. Additionally, balances for trade receivables, payables, loans, advances, borrowings, and other current assets/liabilities are subject to confirmation and reconciliation, preventing auditors from commenting on their impact. The trading window for insiders will re-open on June 1, 2026.
Key Highlights
- GLLFL announced audited financial results for Q4 and the full year ended March 31, 2026.
- The statutory auditors issued a modified opinion on the standalone financial results.
- Qualification cited suspicious transactions of ₹7528.18 Lakhs with no provision made.
- Auditors noted unconfirmed balances for various trade and loan accounts.
- The impact of unconfirmed balances on financial statements could not be assessed by auditors.
Price Impact
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