Auditor11 May 2026, 07:01 pm
Gravity India: Disclaimer of Opinion on FY26 Results
AI Summary
Gravity India Ltd's audited standalone financial results for the year ended March 31, 2026, have been met with a disclaimer of opinion from the independent auditor. The auditor cited a lack of adequate supporting documents, reconciliations, statutory records, and complete books of account. Significant transactions and balances lacked relevant audit evidence, and various statutory non-compliances related to GST, TDS/TCS, and Income Tax were observed. Consequently, the auditor was unable to form an opinion on the financial results.
Key Highlights
- Auditor disclaims opinion on Gravity India's FY26 standalone financial results.
- Insufficient documentation and records hindered audit verification.
- Statutory non-compliance issues were noted regarding GST, TDS/TCS, and Income Tax.
- Auditor unable to obtain sufficient evidence for an audit opinion.
- Management asserts responsibility for the financial results' preparation and presentation.
Price Impact
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