Novateor Research Labs Adopts Audited FY26 Results

Novateor Research Laboratories Ltd approved and adopted the audited financial results for the half year and year ended March 31, 2026, during a Board meeting held on May 30, 2026. The audit report contains a qualified opinion due to non-compliance with several accounting standards, including AS-2, AS-9, AS-15, and AS-17, and issues with GST turnover reconciliation. The auditors, C& H K Shah & Co., highlighted concerns regarding inventory valuation, revenue recognition of unrealized interest income (₹48.39 lakhs), non-provision of gratuity, and lack of segment reporting.