Board Meeting12 Aug 2026, 06:41 pm
Shristi Infra Board Approves Unaudited Financial Results for Q1 FY27
AI Summary
Shristi Infrastructure Development Corporation Ltd's Board of Directors met on August 12, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were prepared in accordance with Ind AS 34 and submitted as per SEBI Listing Regulations. The auditor's report includes a qualified conclusion due to a non-provision of interest on borrowings from Srei Equipment Finance Limited, a potential unrecoverable investment in a subsidiary (Sarga Udaipur Hotels & Resorts Private Limited), and uncertainty regarding the going concern basis due to accumulated losses and eroded net worth.
Key Highlights
- Board approved unaudited standalone and consolidated financial results for Q1 FY27.
- Auditor issued a qualified conclusion on the financial statements.
- Significant interest on borrowings was not provided, impacting finance costs.
- Uncertainty exists regarding the recoverability of investments in subsidiaries.
- Material uncertainty exists regarding the company's ability to continue as a going concern.
Price Impact
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