Octavius Plantations: Auditor Flags Issues with CWIP, Gratuity, Biological Assets

Octavius Plantations Ltd's independent auditor has issued a qualified opinion on the company's financial statements for the year ended March 31, 2026. The auditor highlighted several issues, including the lack of an ageing schedule for Capital Work-in-Progress, absence of actuarial valuation for gratuity and employee benefits with a provision of ₹0.14 lakhs based on management estimate, and non-compliance with Ind AS 16 and 41 for Bearer plants and Biological Assets. The auditor was unable to determine the impact of these issues on the financial statements. However, the auditor found the company's disclosures regarding contingent liabilities and tax litigations to be reasonable.