Octavius Plantations: Auditor Flags Issues in Financial Statements

Octavius Plantations Ltd has filed its audited financial statements for the fourth quarter and fiscal year ended March 31, 2026. The independent auditor, V. Singhi & Associates, has issued a qualified opinion due to several discrepancies. These include the lack of an ageing schedule for Capital Work-in-Progress, absence of actuarial valuation for gratuity and employee benefits, and incorrect accounting for bearer plants and biological assets. The auditor also highlighted significant tax litigations as a key audit matter, though they assessed the company's disclosures as reasonable.