Auditor30 May 2026, 11:31 am
Sri Lakshmi Saraswathi Textiles: Auditor's Report for FY26
AI Summary
Sri Lakshmi Saraswathi Textiles Arni Ltd has submitted the Full Independent Auditor's Report for the year ended March 31, 2026. The report indicates a qualified opinion due to material uncertainty related to going concern, non-receipt of confirmations for outstanding balances, and non-remittance of statutory dues. The company's net worth has been completely eroded, with accumulated losses of ₹10,514.05 lakhs and a decline in turnover to ₹28,727.79 lakhs.
Key Highlights
- Auditor's report expresses a qualified opinion on FY26 financial statements.
- Material uncertainty exists regarding the company's ability to continue as a going concern.
- Outstanding balances lack confirmation, impacting the financial statements.
- The company has not been regular in depositing undisputed statutory dues.
- Accumulated losses amount to ₹10,514.05 lakhs for the reporting period.
Price Impact
More from SLSTLQ