Prima Innovation Ltd Board Approves FY26 Audited Financial Results
Prima Innovation Ltd announced that its Board of Directors, in a meeting held on May 20, 2026, approved the Standalone Audited Financial Results for the Quarter and Year ended March 31, 2026. The results, along with the Independent Auditor's Report, have been filed and are available on the company's website. The board meeting commenced at 10:30 a.m. and concluded at 10:55 a.m. The auditor's report highlighted an emphasis of matter regarding the accounting of a demerger, which was accounted for from the appointed date of July 1, 2024, in accordance with a Scheme of Arrangement and MCA circular, rather than the date of transfer of control as per Ind AS 103. The auditors found no key audit matters to report.
Key Highlights
- Board approved audited financial results for FY ended March 31, 2026.
- Results include standalone audited financials for the quarter and year.
- Independent Auditor's Report issued with an emphasis of matter.
- Demerger accounting treated from appointed date as per scheme.
- No key audit matters identified by the auditors.
Price Impact
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