Vallabh Steels FY26 Results Approved; Auditor Issues Qualified Opinion

Vallabh Steels Limited's Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026. The company submitted the financial statements, audited assets and liabilities, and the Auditors’ Report. The independent auditor, KR Aggarwal & Associates, issued a qualified opinion, stating that the results do not present a true and fair view in conformity with Indian Accounting Standards. Key reasons for the qualification include the absence of provisions for certain trade receivables, inability to verify inventory valuation, lack of assessment for going concern, non-compliance with IND AS-19 (Employee Benefits) and IND AS 36 (Impairment of Assets), and unconfirmed borrowings and payables.