Quarterly Result28 May 2026, 09:46 pm
Company Board Approves Audited FY26 Financial Results
AI Summary
The Board of Directors of Grandma Trading and Agencies Limited has approved the Audited Financial Results for the quarter and year ended March 31, 2026. The Statutory Auditors issued an unmodified opinion on these results. A key audit matter highlighted is the company's accumulated losses, leading to negative net worth as of March 31, 2026, and a proposed scheme for reduction of share capital, which is pending approval from the National Company Law Tribunal (NCLT). The auditors emphasized this matter but did not modify their opinion.
Key Highlights
- Board approved audited financial results for Q4 and full year ended March 31, 2026.
- Statutory Auditors issued an unmodified opinion on the financial results.
- Company reported accumulated losses resulting in negative net worth as of FY26.
- Proposed share capital reduction scheme is pending NCLT approval.
- Auditor's opinion is not modified despite the going concern emphasis.
Price Impact
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