Quarterly Updates18 Jun 2026, 05:40 pm
Silicon Valley Infotech Board Approves FY26 Results; Auditor Gives Qualified Opinion
AI Summary
Silicon Valley Infotech Ltd's Board of Directors met on May 28, 2026, and approved the Audited Financial Results for the quarter and financial year ended March 31, 2026. The statutory auditors, Agarwal Sanganeria & Co., issued a qualified opinion on these financial results. For the financial year ended March 31, 2026, the company reported a net loss after tax of ₹3.46, a decline from a net profit of ₹0.01 in the previous fiscal year. Total assets decreased significantly from ₹150.41 in FY25 to ₹85.75 in FY26. The company's 'Other Equity' remained negative, further deteriorating to (₹1,352.31) in FY26 from (₹1,346.20) in FY25.
Key Highlights
- Board approved audited financial results for Q4 and FY ended March 31, 2026.
- Statutory Auditors issued a qualified opinion on the financial results.
- Company reported a net loss of ₹3.46 for FY26, down from ₹0.01 profit in FY25.
- Total assets declined significantly from ₹150.41 Cr in FY25 to ₹85.75 Cr in FY26.
- Other Equity remained negative, worsening to (₹1,352.31) Cr in FY26.
Price Impact
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