Quarterly Result25 May 2026, 06:22 pm
Integrated Thermoplastics: FY26 Loss ₹4.83 Cr
AI Summary
Integrated Thermoplastics Ltd's board meeting on May 25, 2026, approved audited financial results for the year ended March 31, 2026. The company reported a loss of ₹4.83 Cr against a turnover of ₹2.45 Cr. Auditors raised concerns about receivable/payable reconciliations, the absence of an internal auditor, disproportionate creditor balances, and an OTS scheme with Union Bank of India and APSFC involving funds from group companies without formal agreements.
Key Highlights
- Audited financial results for FY26 approved with a loss of ₹4.83 Cr.
- Auditors flagged concerns about outstanding receivable and payable reconciliations.
- Internal auditor not appointed as required by Section 138 of Companies Act 2013.
- OTS scheme with banks involved funds from group companies without formal agreements.
- Disproportionate outstanding creditors of ₹26.85 Cr against material consumption of ₹2.22 Cr.
Price Impact
More from INTETHR