Veronica Production Ltd Declares Standalone Un-Audited Financial Results
Veronica Production Limited announced that its Board of Directors, in a meeting held on October 12, 2026, approved the Standalone Un-Audited Financial Results for the quarter ended September 30, 2026. The results were prepared in accordance with Ind AS 34 and reviewed by S K Bhavsar & Co., Chartered Accountants. The auditors noted that management did not provide balance confirmation letters, party-wise reconciliation statements, and age-wise analysis for certain Trade Receivable and Trade Payable balances, impacting their ability to confirm the existence, completeness, accuracy, and recoverability of these balances. However, the conclusion on the financial results was not modified in respect of this matter.
Key Highlights
- Board approved Standalone Un-Audited Financial Results for Q2 FY27.
- Results reviewed by S K Bhavsar & Co., Chartered Accountants.
- Limited review noted issues with trade receivable/payable confirmations.
- Auditors could not fully verify certain trade balance details.
- Conclusion on financial results was not modified despite review issues.
Price Impact
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