Mackinnon Mackenzie declares Q1 FY27 results with qualified review

Mackinnon Mackenzie & Company Ltd announced its unaudited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results along with a Qualified Limited Review Report from the auditor. The report highlights several issues, including significant borrowings and potential overstatements/understatements of assets and liabilities due to unaddressed old balances and unconfirmed accounts. A material uncertainty related to going concern was noted due to accumulated losses and negative net worth, though management is evaluating revival options and has received a support letter from a lending company.