Quarterly Result14 May 2026, 11:43 am
Sharp India Ltd: FY26 Audited Results Approved
AI Summary
Sharp India Ltd's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, in a meeting held on May 14, 2026. The auditor's report from G.D. Apte & Co. indicates an unmodified opinion. However, the company's financial results have been prepared under a 'not going concern' basis due to no production activity since FY 2015-16, losses, and erosion in net worth. Borrowings from related parties were reinstated at settlement value, resulting in an additional charge of ₹216.87 Lakhs.
Key Highlights
- Audited financial results for FY26 approved by the board on May 14, 2026.
- Auditor's report by G.D. Apte & Co. with unmodified opinion.
- Financial results prepared under 'not going concern' basis.
- No production activity since FY 2015-16, leading to losses.
- ₹216.87 Lakhs charge due to reinstatement of related party borrowings.