
Shree Krishna Infrastructure Ltd: Audit Qualification Impact Statement for FY26
Shree Krishna Infrastructure Ltd has submitted a Statement on Impact of Audit Qualifications for the financial year ended March 31, 2026. The company received a Qualified Opinion from auditors NKSC & Co. due to the current management's inability to provide sufficient and appropriate financial records, including bank statements, loan agreements, and supporting vouchers, to verify transactions. The auditors were unable to confirm the company's financial position or cash flows by alternative means. Despite these qualifications, the reported financial figures for turnover, expenditure, net profit, EPS, assets, liabilities, and net worth remain unchanged after adjusting for the audit qualifications, indicating no quantified impact on these key metrics. Management is addressing the concerns raised.
Key Highlights
- Audit qualification issued for FY26 due to lack of financial records.
- Auditors could not verify transactions or financial state by alternative means.
- No quantified impact on key financial metrics like profit or assets reported.
- Management is reviewing and addressing the audit concerns.
- The qualification is a 'Qualified Opinion' and appears to be a first-time occurrence.
Price Impact
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