511411 Board Approves Q4/FY26 Results with Qualified Auditor Opinion

The Board of Directors of 511411 approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. R Kothari & Co. LLP, issued an Audit Report with a modified (qualified) opinion on the annual financial results. The qualification is primarily due to the non-provisioning and default of interest expense totaling ₹634.25 lakhs for the quarter and ₹2572.24 lakhs for the year ended March 31, 2026, on borrowings from Srei Equipment Finance Limited. This non-provisioning led to an understatement of finance cost, total expenses, and an overstatement of net profit/(loss) and other equity. Had the interest been recognized, the net loss for the year would have been ₹(4298.79) lakhs instead of ₹(1726.55) lakhs, and other equity would have been ₹(22,075.37) lakhs instead of ₹(9,612.79) lakhs.