Quarterly Updates29 May 2026, 10:11 pm
Mcleod Russel: Standalone Results Show Adverse Opinion
AI Summary
Mcleod Russel India Ltd's audited standalone financial results for the quarter and year ended March 31, 2026, have been approved with a modified opinion from the statutory auditors, Mis Lodha & Co LLP. The auditors expressed an adverse opinion, citing concerns over the recoverability of Inter Corporate Deposits (ICDs) and non-recognition of interest on loans and ICDs. The board also approved the re-appointment of cost and internal auditors for the financial year 2026-2027.
Key Highlights
- Audited financial results approved with a modified opinion.
- Auditors cite concerns over ICD recoverability (₹2,86,050 lakhs).
- Provision of ₹2,44,629 lakhs made against doubtful ICDs.
- Non-recognition of interest on loans impacts loss for the period.
- Cost and Internal Auditors re-appointed for FY 2026-2027.
Price Impact
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