Board Meeting7 Jul 2026, 02:37 pm
Vaxfab Enterprises Board Approves Audited Financial Results
AI Summary
Vaxfab Enterprises Ltd announced that its Board of Directors, in a meeting held on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The company's statutory auditor, M/S Chandabhoy & Jassoobhoy, issued an unmodified audit report on both standalone and consolidated financial results. However, the auditor issued a disclaimer of opinion on the standalone financial results due to a lack of sufficient audit evidence, citing issues with prior period records, inadequate maintenance of books of account, and unsecured loans without formal agreements.
Key Highlights
- Board approved audited financial results for FY26.
- Statutory auditor issued an unmodified opinion on consolidated results.
- Disclaimer of opinion issued on standalone financial results.
- Audit issues cited include prior period record inadequacies.
- Unsecured loans granted/received without formal agreements noted.
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