Quarterly Result28 May 2026, 09:15 pm
Grandma Trading approves FY26 Audited Financial Results
AI Summary
The Board of Directors of Grandma Trading and Agencies Limited approved the Audited Financial Results for the quarter and year ended March 31, 2026. The Statutory Auditors, Singhvi & Sancheti, issued an unmodified opinion on these financial results. A key audit matter identified was the assessment of the going concern assumption, given the company's accumulated losses and negative net worth as of March 31, 2026. Additionally, a proposed scheme for reduction of share capital is pending approval before the Hon'ble National Company Law Tribunal (NCLT), with no effect given in the accompanying financial results. The auditor's opinion is not modified in respect of this emphasis of matter.
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.
- Key audit matter: assessment of going concern due to accumulated losses and negative net worth.
- Proposed share capital reduction scheme is pending NCLT approval.
- Auditor's opinion is not modified by the emphasis on capital reduction.
Price Impact
More from GRANDMA