Shree Narmada Alum Q4/FY26 Results Approved; Auditor Issues Qualified Opinion

Shree Narmada Alumunium Industries Limited's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting on May 28, 2026. The statutory auditors, SVH & Associates, issued a qualified opinion on these results. The qualification is due to the company being a sick entity with its net worth fully eroded. Despite management's view that the going concern assumption is sustainable, the auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern, noting this was not adequately disclosed in the financial results.