Quarterly Result12 Aug 2026, 01:42 pm
Priya Ltd Declares Un-Audited Q1 FY27 Results; Auditor Notes Adverse Remarks
AI Summary
Priya Ltd announced its un-audited standalone financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on August 12, 2026. The company's auditor, M/s. JM & Associates, provided an adverse remark, and a statement detailing the impact of this qualification is attached. The company's financial situation remains precarious, with total liabilities exceeding total assets by ₹4,553.29 lakhs as of June 30, 2026, due to ongoing issues with NPA classifications and property auctions by banks. The company has contested the willful defaulter classification.
Key Highlights
- Priya Ltd declared un-audited standalone financial results for Q1 FY27.
- Auditor issued adverse remarks with an impact statement attached.
- Company's liabilities exceed assets by ₹4,553.29 lakhs.
- Business operations ceased due to NPA classifications and blocked accounts.
- Management is contesting the willful defaulter classification.
Price Impact
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