Octavius Plantations Q4 FY26 Results Approved; Auditor Issues Qualified Opinion

The Board of Directors of Octavius Plantations Limited approved the Audited Standalone Financial Results for the quarter ended March 31, 2026, at their meeting on May 28, 2026. The independent auditor, V. Singh & Associates, issued a qualified opinion on these results. The qualification is due to the company not obtaining actuarial valuation for gratuity and other defined employee benefit obligations as required by Ind AS 19, making provisions on an estimated basis of ₹0.14 lakhs. Furthermore, bearer plants and biological assets were not accounted for in accordance with Ind AS 16 and 41, respectively. The auditor was unable to determine the impact of these matters on the financial results.