Modern Denim Ltd. Announces Q3 Results with Qualified Opinion from Auditor
Modern Denim Ltd. announced its unaudited financial results for the quarter and period ended December 31, 2025. The company's revenue stood at ₹ 484.76 lacs for the quarter and ₹ 1610.78 lacs for the period. However, the auditor, J T Shah & Company, has issued a qualified opinion due to certain unrecognized interest on financial liabilities and non-current borrowing that is not fair valued. The company is seeking waiver / relief under a rehabilitation scheme submitted to BIFR. The financial results have been prepared on a going concern basis, and the company has paid compensation to a supplier pursuant to a Hon’ble Civil Court Order in full and final settlement of a legal dispute filed by Vendor against the Company.
Key Highlights
- Modern Denim Ltd. announced its unaudited financial results for Q3 2025 with revenue of ₹ 484.76 lacs.
- The auditor, J T Shah & Company, has issued a qualified opinion due to certain unrecognized interest on financial liabilities and non-current borrowing that is not fair valued.
- The company is seeking waiver / relief under a rehabilitation scheme submitted to BIFR.
- The financial results have been prepared on a going concern basis.
- Compensation has been paid to a supplier pursuant to a Hon’ble Civil Court Order in full and final settlement of a legal dispute filed by Vendor against the Company.
Price Impact
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