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Board Meeting28 May 2026, 11:41 pm

Harig Crankshafts Board Approves FY26 Results; Auditor Gives Qualified Opinion

AI Summary

Harig Crankshafts Limited's Board of Directors met on May 28, 2026, and approved the audited standalone financial results for the quarter and year ended March 31, 2026. The Board also approved the re-appointment of Mr. Payas Agarwal, Chief Financial Officer, as the Internal Auditor for FY 2026-27. M/s M. B. Gupta & Co., the Statutory Auditor, issued a qualified opinion on the financial results, citing the company's failure to file Income Tax Returns from Assessment Year 2012-13 to 2023-24, which prevented them from obtaining sufficient audit evidence regarding tax compliance and its financial impact.

Key Highlights

  • Board approved audited standalone financial results for Q4 and FY26.
  • Statutory Auditor M. B. Gupta & Co. issued a qualified opinion.
  • Qualified opinion due to company not filing income tax returns from AY 2012-13 to 2023-24.
  • Board re-appointed Mr. Payas Agarwal as Internal Auditor for FY 2026-27.