Quarterly Result30 May 2026, 06:42 pm
India Infraspace Approves Audited Standalone Financial Results
AI Summary
India Infraspace Ltd's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during its meeting held on May 30, 2026. The meeting commenced at 5:20 P.M. and concluded at 6:10 P.M. The company's auditor, Nikhil D Gupta & Associates, issued a qualified opinion due to the absence of an audit trail in the accounting software and inability to verify certain balances.
Key Highlights
- Board approved audited standalone financial results for the year ended March 31, 2026.
- Auditor issued a qualified opinion due to lack of audit trail feature in accounting software.
- Balances with Union Bank of India could not be verified due to missing bank statements.
- Auditor unable to verify Trade Receivables, Unsecured Loans and Trade Payables.
- Company's application for relisting of equity shares is pending before SAT.
Price Impact
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