Typhoon Holdings Board Approves Q4 & FY26 Audited Financial Results
Typhoon Holdings Ltd's Board of Directors met on April 28, 2026, to approve the Standalone Audited Financial Results for the quarter and year ended March 31, 2026. The auditor's report included an 'Emphasis of Matters' section, highlighting that management did not provide balance confirmations or reconciliations for certain Trade Receivable and Trade Payable balances, preventing the auditor from verifying their existence, completeness, accuracy, and recoverability. The auditor also noted the company's non-compliance with Section 138 of the Companies Act, 2013, for failing to appoint an Internal Auditor for FY2025-26. The auditor's opinion on the financial results was not modified despite these matters.
Key Highlights
- Board approved Standalone Audited Financial Results for Q4 and FY26.
- Auditor noted unconfirmed Trade Receivable and Payable balances.
- Auditor unable to verify existence, completeness, accuracy, and recoverability of certain balances.
- Company failed to appoint an Internal Auditor for FY2025-26, a non-compliance.
- Auditor's opinion on financial results was not modified despite these issues.
Price Impact
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