Quarterly Result1 Jun 2026, 06:32 pm
Wardwizard Foods Revises FY26 Results Filing After Omission
AI Summary
Wardwizard Foods and Beverages Ltd. has submitted a revised outcome of its board meeting held on May 30, 2026, along with the complete audited financial results for the year ended March 31, 2026. The initial filing inadvertently omitted the Cash Flow Statement and Segment Reporting. The auditor's report includes a qualified opinion due to concerns regarding the recoverability of certain advances and a balance payable to a cooperative society, with an emphasis on a ₹2,941.99 lakhs balance payable to Indian Credit Co-operative Society.
Key Highlights
- Revised filing includes previously omitted Cash Flow Statement and Segment Reporting.
- Auditor issued a qualified opinion on FY26 results due to recoverability concerns.
- Outstanding advances of ₹760 lakhs lack impairment provision.
- ₹108 lakhs classified as 'Other Current Financial Asset' lacks Expected Credit Loss provision.
- Auditor unable to verify ₹2,941.99 lakhs payable to Indian Credit Co-operative Society.
Price Impact
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