Quarterly Result12 Aug 2026, 10:40 pm
Sharika Enterprises declares Q1 FY27 Un-Audited 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 and subsequently approved by the Board. The auditor's report highlighted concerns regarding inventory valuation and advances to suppliers, stating that provisions for obsolescence and recoverability of advances have not been made, impacting the ability to comment on the true financial position.
Key Highlights
- Board approved Un-Audited Financial Results for Q1 FY27.
- Results were reviewed by the Audit Committee.
- Auditor noted issues with inventory obsolescence.
- Auditor raised concerns on recoverability of supplier advances.
- No audit opinion expressed due to qualified report.
Price Impact
More from SHARIKA