Auditor25 May 2026, 08:12 pm
Shri Niwas Leasing: Modified Opinion on Audit Report
AI Summary
Shri Niwas Leasing And Finance Ltd declared a modified opinion on the Audit Report for the year ended March 31, 2026. The Independent Auditor's Report by VRSK & Associates, Chartered Accountants, on the Standalone Audited Financial Results contains an unmodified opinion, except for specific matters. These include non-compliance with accounting software requirements for audit trails, non-compliance with Indian Accounting Standards, and potential misrepresentation of a true and fair view due to non-provision of interest on loans.
Key Highlights
- Auditor's report contains a modified opinion for FY26.
- Company did not maintain accounting software with required audit trail features.
- Standalone financial statements do not comply with Indian Accounting Standards.
- Non-provision of interest on loans may misrepresent a true and fair view.
Price Impact
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