Konark Synthetic declares Q1 FY27 Unaudited Standalone Results
Konark Synthetic Limited announced its Unaudited Standalone Financial Results for the Quarter ended June 30, 2026. The Board of Directors approved these results at a meeting held on August 14, 2026. The company will not be preparing consolidated financial results for this quarter as its associate, Konark Infratech Private Limited, ceased to be an associate from October 30, 2024. Additionally, its subsidiary, India Denim Limited, is under Corporate Insolvency Resolution Process, with its interim financial information unavailable. The company has fully provided for its investment in this subsidiary. M/s. Bhuwania & Agrawal Associates, the statutory auditors, have issued a Limited Review Report on these standalone results. The company also re-appointed M/s. Abhishek Wagh & Associates as Secretarial Auditors for FY26 and FY27.
Key Highlights
- Board approved Unaudited Standalone Financial Results for Q1 FY27.
- Consolidated results not prepared due to associate and subsidiary status.
- Statutory auditors issued a Limited Review Report on standalone results.
- Secretarial Auditors re-appointed for FY26 and FY27.
- Company made full provision for investment in subsidiary.
Price Impact
More from KONARKSY