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Board Meeting11 Aug 2026, 06:04 pm

Thinkink Picturez Ltd Board Approves Unaudited Q1 FY27 Results

AI Summary

Thinkink Picturez Limited's Board of Directors convened on August 11, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The statutory auditors, Chandabhoy & Jassoobhoy, have issued a limited review report. The report highlights several areas requiring necessary adjustments and disclosures, including GST credit reconciliation, MSME creditor bifurcation, unconfirmed supplier advances, lack of a fixed assets register, unverified bank balances, issues with inventory verification, unconfirmed TDS receivable balances, and unsecured loans without proper documentation or interest charging. Despite these observations, the auditors stated that nothing else came to their attention that would indicate material misstatements in the financial results as prepared.

Key Highlights

  • Board approved unaudited standalone financial results for Q1 FY27.
  • Limited review report issued by statutory auditors.
  • Several areas noted for potential adjustments and disclosures.
  • Concerns raised regarding GST, payables, advances, fixed assets, and bank balances.
  • Auditors unable to verify inventory existence and storage details.