Auditor25 May 2026, 07:31 pm
Starlit Power: Modified Opinion on Audit Report FY26
AI Summary
Starlit Power Systems Ltd declared a modified opinion on the Audit Report for the year ended March 31, 2026. The Independent Auditor's Report by VRSK & Associates cited non-compliance with accounting software requirements regarding audit trails, deviation from Indian Accounting Standards under Section 133 of the Companies Act, and potential misrepresentation due to non-provision of interest on loans.
Key Highlights
- Auditor's report for FY26 contains a modified opinion.
- Company did not maintain accounting software with required audit trail features.
- Financial statements do not comply with Indian Accounting Standards.
- Non-provision of interest on loans may impact the true and fair view.
Price Impact
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