Quarterly Result26 May 2026, 11:30 am
Sharika Enterprises FY26 Audited Results Qualified
AI Summary
Sharika Enterprises Ltd has filed audited financial results (standalone & consolidated) for the quarter and year ended March 31, 2026, along with a statement on the impact of audit qualifications. The auditor's report by R D V & Associates includes a qualified opinion due to concerns regarding inventory obsolescence, non-reconciliation of balances, and the non-assessment of expected credit losses on trade receivables.
Key Highlights
- Auditor's report includes a qualified opinion on the standalone financial results.
- Concerns raised regarding slow/non-moving inventories of ₹145.69 lakhs without obsolescence provision.
- Non-reconciliation of supplier balances and outstanding advances totaling ₹244.62 lakhs.
- Trade receivables of ₹5,417.79 lakhs lack assessment of Expected Credit Losses (ECL).
Price Impact
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