Board Meeting12 Aug 2026, 10:40 pm
Sharika Enterprises Board Approves Un-Audited Q1 FY27 Financial Results
AI Summary
Sharika Enterprises Ltd announced that its Board of Directors, in a meeting held on August 12, 2026, approved the un-audited financial results for the quarter ended June 30, 2026. The results were reviewed by the Audit Committee prior to board approval. The filing also includes a limited review report from R D V & Associates, Chartered Accountants. The report highlights concerns regarding slow-moving inventories amounting to ₹149.25 lakhs for which no provision for obsolescence has been made, and non-reconciliation of certain balances aggregating to ₹210.66 lakhs with suppliers and others.
Key Highlights
- Board approved Q1 FY27 un-audited financial results.
- Audit Committee reviewed results before board approval.
- Auditor noted ₹149.25 lakhs in slow-moving inventory without provision.
- Auditor flagged ₹210.66 lakhs in unreconciled balances.
- Previous quarter's report also had inventory qualification.
Price Impact
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