Quarterly Result28 May 2026, 11:51 pm
Harig Crankshafts Q4/FY26 Results Approved; Auditor Issues Qualified Opinion
AI Summary
Harig Crankshafts Limited's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at their meeting on May 28, 2026. The Board also re-appointed Mr. Payas Agarwal, CFO, as the Internal Auditor for FY 2026-2027. However, the statutory auditor, M/s M. B Gupta & Co., issued a qualified opinion on the financial results. The qualification stems from the company's failure to file Income Tax Returns from Assessment Year 2012-13 to 2023-24, preventing the auditors from obtaining sufficient and appropriate audit evidence regarding tax compliance and its related financial impact.
Key Highlights
- Board approved audited standalone financial results for Q4 and year ended March 31, 2026.
- Statutory auditor issued a qualified opinion on the financial statements.
- Qualification due to company not filing income tax returns from AY 2012-13 to 2023-24.
- Auditors could not obtain sufficient evidence on tax compliance and financial impact.
- CFO Mr. Payas Agarwal re-appointed as Internal Auditor for FY 2026-2027.
Price Impact
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