StockWatch
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Diversified
Auditor8 Jul 2026, 09:20 pm

Majestic Research Disclaimer of Opinion on Financial Results

AI Summary

JJPATEL&ASSOCIATES INDIA, Chartered Accountants, has issued a disclaimer of opinion on the financial results of Majestic Research Service and Solutions Limited for the year ended March 31, 2026. The auditors could not obtain sufficient appropriate audit evidence due to substantial matters, including unresolved issues from a previous review report dated July 9, 2026. These issues relate to corporate insolvency resolution process (CIRP), non-availability of books of accounts, and material uncertainties concerning various financial aspects. Consequently, the auditors cannot confirm the correctness of opening balances or the overall fairness of the financial results.

Key Highlights

  • Auditor issued a disclaimer of opinion on financial results.
  • Insufficient audit evidence due to unresolved prior period issues.
  • CIRP and NCLT order impact financial reporting.
  • Correctness of opening balances and financial results cannot be verified.