Quarterly Result13 Aug 2026, 02:34 pm
Monind Ltd Declares Un-Audited Financial Results for Q1 FY27
AI Summary
Monind Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The Board of Directors approved these results during a meeting held on August 13, 2026. The accompanying Limited Review Report from statutory auditors O P BAGLA & CO LLP has been provided. The auditor's report highlights significant concerns regarding the company's ability to continue as a going concern due to accumulated losses, erosion of net worth, net cash losses in the current and preceding periods, and current liabilities exceeding current assets. Despite these concerns, the financial information has been prepared on a going concern basis based on management's perception.
Key Highlights
- Company declared un-audited financial results for Q1 FY27.
- Board meeting held on August 13, 2026, approved the results.
- Statutory auditors issued a Limited Review Report.
- Auditors noted concerns about the company's going concern status.
- Accumulated losses and net worth erosion were highlighted.
Price Impact
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