MMTC Ltd: Board Approves Audited FY26 Financial Results, Auditor's Report Attached

MMTC Ltd announced that its Board of Directors, in a meeting held on May 29, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company also submitted the Auditors' Report, which included a qualified opinion. The auditors highlighted a discrepancy in the provision for the Anglo Coal case, noting an understated provision of ₹82.82 crore and an overstated contingent liability by the same amount. This departure from accounting standards was based on the company's estimated remaining liability of ₹170.58 crore as of November 17, 2025, against a recognized provision of ₹87.76 crore. The results are available on the company's website.