Quarterly Result27 May 2026, 05:02 pm
Magnum Ventures: Standalone Results for March 31, 2026
AI Summary
Magnum Ventures Ltd's standalone financial results for the quarter and year ended March 31, 2026, have been audited by Manish Pandey & Associates. The auditor's report expresses an opinion that the financial statements present a true and fair view in accordance with accounting principles generally accepted in India. Key audit matters and emphasis of matter include a secured term loan from Tourism Finance Corporation India Limited, balances of debtors, creditors & advances subject to confirmation, inventory valuation, deposits with Bank of Baroda, and a penalty imposed by SEBI.
Key Highlights
- Auditor's report expresses a true and fair view of Magnum Ventures' financials.
- Company availed ₹15000 lacs secured term loan from Tourism Finance Corporation India Limited.
- Debtors, creditors, and advances are subject to confirmation and reconciliation.
- SEBI imposed a penalty of ₹12,00,000 on the company, which has been provisioned.
- Company deposited penalty amount as per Hon'ble SAT order.
Price Impact
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