Quarterly Result27 Aug 2026, 05:41 pm
Ind Agiv Commerce Ltd Declares Audited Financial Results
AI Summary
Ind Agiv Commerce Ltd announced its audited standalone financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the financial statements. The auditor's report highlighted issues with accounting records, including inconsistencies in balances, inventory accounting, depreciation methods, and asset capitalization. Additionally, the company has not provided for interest and penal charges on delayed borrowings, amounting to Rs. 3,50,72,486 as of March 31, 2026.
Key Highlights
- Audited standalone financial results for the period ending March 31, 2026, were approved.
- Auditor noted issues with accounting records and ERP systems.
- Inconsistencies in opening/closing balances and inventory accounting were reported.
- Company failed to provide interest on delayed borrowings totaling Rs. 3.5 Cr.
- The auditor expressed a qualified conclusion on the financial statements.
Price Impact
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