Auditor1 Jun 2026, 06:11 pm
Shri Niwas Leasing: Audit Qualification Impact Statement
AI Summary
Shri Niwas Leasing And Finance Ltd has released a statement on the impact of audit qualifications for the financial year ended March 31, 2026. The audit report contains a modified opinion due to non-compliance with accounting software rules and Indian Accounting Standards. Despite the qualifications, the reported and adjusted figures for net profit/loss, earnings per share, total expenditure, total assets, total liabilities, and net worth remain the same. Management is actively addressing the highlighted matters.
Key Highlights
- Audit qualification due to non-compliance with accounting software rules.
- Standalone financial statements do not comply with Indian Accounting Standards.
- Auditor issued an adverse opinion.
- Management is working to address the issues raised in the audit report.
- Reported and adjusted financial figures remain unchanged despite qualifications.
Price Impact
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