Magnum Ventures: Auditor Notes Inventory, PPE Verification Issues

Magnum Ventures Ltd's independent auditor has issued a limited review report on the unaudited standalone financial results for the quarter ended June 30, 2026. The report highlights several key observations, including a penalty of ₹12,00,000 imposed by SEBI, which has been provided for in the accounts. The company has appealed the order, and the matter is pending further hearings. The auditor also noted inability to comment on the physical verification of inventory and Property, Plant & Equipment, relying on management certification. Additionally, deposits of ₹300.00 lakhs were made with Bank of Baroda to cover expenses related to withdrawing cases filed by the bank. Balances of debtors and creditors are subject to confirmation, and a portion of trade receivables are outstanding for over six months, with some under litigation.