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Auditor6 Aug 2026, 06:02 pm

Shiva Granito Export Ltd: Audited FY26 Results Declared

AI Summary

Shiva Granito Export Ltd has declared its audited standalone financial results for the year ended March 31, 2026. The audit report highlights several qualifications due to non-provision for expected credit loss on trade receivables (₹37.74 Cr), non-provision for interest on delayed payments to MSMEs, and non-provision for gratuity liability. The company also failed to provide appropriate valuation of inventories due to missing stock records. These issues could lead to increased expenses and reduced profits, with trade receivables and equity potentially overstated.

Key Highlights

  • Audited standalone financial results for FY26 declared.
  • Audit report includes qualified opinion on financial statements.
  • Significant non-provision for expected credit loss on trade receivables.
  • Issues identified in inventory valuation and MSME interest provision.
  • Gratuity liability provision also not made as per Ind AS 19.