Mcleod Russel Board Approves Unaudited Financial Results
Mcleod Russel India Ltd announced that its Board of Directors, in a meeting held on August 14, 2026, has considered and approved the unaudited financial results for the quarter ended June 30, 2026. These results were prepared on both standalone and consolidated bases and have undergone a limited review by the company's statutory auditors, Lodha & Co. LLP. The disclosure also includes the Limited Review Report. The board meeting commenced at 2:15 PM and concluded at 4:50 PM. The company has also stated that the disclosure is hosted on its website. The auditor's report highlights potential issues regarding Inter Corporate Deposits and non-recognition of interest on loans, which may have understated the period's loss.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Results are available on standalone and consolidated basis.
- Limited Review Report from statutory auditors is included.
- Auditor notes potential understatement of loss due to ICDs.
- Auditor highlights non-recognition of interest on loans.
Price Impact
More from MCLEODRUSS