Auditor1 Jun 2026, 06:42 pm
Starlit Power: Audit Qualification on FY26 Report
AI Summary
Starlit Power Systems Ltd has declared an audit qualification on its audit report for the year ended March 31, 2026, according to Regulation 33 of SEBI guidelines. The audit report expresses a modified opinion due to non-provision of interest on loans and non-compliance with IND-AS. Management is addressing the matters highlighted in the Auditor Report. The auditor has issued an adverse opinion, marking the first instance of such a qualification.
Key Highlights
- Audit qualification flagged due to non-provision of interest on loans.
- Company did not prepare financial statements in compliance with IND-AS.
- Auditor issued an adverse opinion on the financial statements.
- Management states they are actively working on addressing the audit matters.
- Turnover/Total income and Total Expenditure both reported as ₹1785.37 before and after adjustments.
Price Impact
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