Orchasp Ltd Board Approves Q2 FY27 Unaudited Financial Results

Orchasp Ltd announced that its Board of Directors, in a meeting held on November 11, 2026, has approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half-year ended September 30, 2026. The company also received a Limited Review Report from its auditors, JMT & Associates. The report highlighted several concerns, including the carrying value of investments in a defunct Portuguese subsidiary, non-payment of TDS and other statutory dues, and trade payables/receivables outstanding for over six months. The auditors could not confirm the appropriateness of the investment carrying value or the recoverability of trade receivables due to insufficient information on the new US subsidiary.