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Other Food Products
Clarification1 Jun 2026, 06:43 pm

Wardwizard Foods: Clarification on FY26 Financial Results

AI Summary

Wardwizard Foods and Beverages Ltd. has issued a clarification regarding its financial results for the year ended March 31, 2026. The company inadvertently omitted the Cash Flow Statement and Segment Reporting from the initial filing of the audited financial results. A revised outcome of the Board Meeting, including the complete set of audited financial results, has been submitted. The auditor's report includes a qualified opinion due to concerns about the recoverability of certain advances and the lack of expected credit loss provisions. Additionally, the auditor was unable to verify a borrowing balance of ₹2,941.99 lakhs payable to an Indian Credit Co-operative Society.

Key Highlights

  • Cash Flow Statement and Segment Reporting were initially omitted from FY26 results.
  • Auditor issued a qualified opinion on the financial results.
  • Recoverability of advances worth ₹760 lakhs is under assessment.
  • Expected Credit Loss provision not recognized for ₹108 lakhs.
  • Auditor unable to verify ₹2,941.99 lakhs borrowing balance.