Quarterly Result23 Jun 2026, 05:31 pm
Shivom Investment Approves Audited FY24 Results with Modified Opinion
AI Summary
Shivom Investment & Consultancy Limited announced that its Board of Directors approved the audited financial results for the fourth quarter and financial year ended March 31, 2024. The company also declared that the audit reports on the standalone financial statements for FY24 carry a modified opinion. Key issues highlighted by the auditor include no provision for gratuity, pending implementation of restructuring under the IBC, and preparation of financial statements under AS instead of Ind AS. The board meeting commenced at 12:15 AM and concluded at 1:00 PM on June 12, 2026.
Key Highlights
- Audited financial results for FY24 approved by the Board.
- Audit report for FY24 standalone financials carries a modified opinion.
- Issues include gratuity provision, IBC restructuring impact, and AS vs. Ind AS.
- Company has ceased NBFC activities and surrendered its registration.
- Board meeting held on June 12, 2026, reviewed financial statements.
Price Impact
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