Kandagiri Spinning Mills: Net Worth Eroded, ₹325.29 Lakhs Loss

Kandagiri Spinning Mills Ltd reported audited standalone financial results for the year ended March 31, 2026. The auditor's report expresses a qualified opinion, highlighting that the company's net worth has been completely eroded, and it incurred a loss of ₹325.29 lakhs for the year. The company's current liabilities exceed its current assets, raising concerns about its ability to continue as a going concern. The financial statements do not include any adjustments that might result had the above uncertainties been known.