StockWatch
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Computers - Software & Consulting
Quarterly Result11 Nov 2026, 05:50 pm

Orchasp Ltd Declares Unaudited Financial Results for Q2 FY27

AI Summary

Orchasp Ltd announced that its Board of Directors, in a meeting held on November 11, 2026, approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half-year ended September 30, 2026. The company's auditor issued a qualified conclusion on the financial statements due to issues concerning the carrying value of investments in a former subsidiary, non-payment of TDS and statutory dues, and unconfirmed trade payables and receivables. The company has incorporated a new subsidiary in the USA and transferred operations from a former Portuguese subsidiary.

Key Highlights

  • Board approved unaudited financial results for Q2 and H1 FY27.
  • Results are available on standalone and consolidated basis.
  • Auditor issued a qualified conclusion on the financial statements.
  • Concerns raised regarding subsidiary investment carrying value.
  • Non-payment of TDS and statutory dues noted by auditor.