India Infraspace submits unaudited Q2 FY26 results with auditor concerns

India Infraspace Ltd submitted its unaudited standalone financial results for the quarter and half year ended September 30, 2025. The Independent Auditor's Review Report highlighted several concerns. The company did not maintain accounting software with an audit trail feature for the quarter. Balances with Union Bank of India could not be verified due to the absence of bank statements. Auditors noted that pre-operative expenses amounting to 33.19 lakhs were carried forward, which should have been written off as per applicable standards. Furthermore, the company's equity shares have been delisted from the stock exchange, and an application for relisting is pending before the Securities Appellate Tribunal (SAT). Relisting is contingent upon the company complying with all pending and past regulatory compliances. The previous statutory auditors, M/s GMCA & Co., audited the corresponding figures for the period ended March 31, 2025.