Auri Grow India's Board Approves Q2 FY26 Results; Auditor Issues Disclaimer of Opinion Due to Unverified Records
Auri Grow India's board approved Q2 and half-year results ending Sept 30, 2025, but auditors issued a Disclaimer of Opinion due to unverified sales, inventory, receivables, payables, and fixed assets. Management attributes issues to inadequate handover.
A Disclaimer of Opinion means the financial statements cannot be relied upon by investors or other stakeholders. This will severely impact investor confidence, potentially lead to increased regulatory scrutiny, and affect the company's credibility and its ability to conduct business or raise capital effectively. The repetitive nature of the qualification further exacerbates the negative impact.
The auditor issued a Disclaimer of Opinion, the most severe audit report, due to the inability to obtain sufficient appropriate audit evidence for critical financial areas, including sales, purchases, inventory, trade receivables/payables, fixed assets, and unsecured loans. This raises significant concerns about the accuracy and reliability of the financial statements and indicates a severe lack of financial transparency and control.
Auri Grow India Limited's Board of Directors, at its meeting on Friday, November 14, 2025, approved the unaudited standalone financial results along with the Limited Review Report for the second quarter and half year ended September 30, 2025. The statutory auditor, S Parth & Co., issued a Disclaimer of Opinion on these results, citing multiple significant issues: * Lack of satisfactory supporting documents for completeness of transactions related to sales, purchases, inventory valuation, and third-party balance confirmations for trade receivables and payables. * Absence of a fixed assets register, hindering the verification of depreciation and deferred tax liabilities/assets. * Unsecured loans for which no interest was charged and relevant loan agreements were unavailable; remaining balances were unconfirmed. * Significant trade payables lacked bifurcation between Micro, Small, and Medium Enterprises (MSME) creditors, non-compliant with the MSMED Act, 2006. Advances paid to suppliers also remained unconfirmed. * Trade receivables outstanding as of the reporting date were not confirmed by respective debtors.
Key financial highlights for the half-year ended September 30, 2025, from the Statement on Impact of Audit Qualifications (in ₹ Lakhs): * Turnover / Total income: ₹1379.5 lakh * Total Expenditure: ₹1326.46 lakh * Net Profit/(Loss): ₹39.69 lakh * Earnings Per Share: ₹0.00 * Total Assets: ₹27343.08 lakh * Total Liabilities: ₹17355.18 lakh
The audit qualification is noted as "Repetitive". Management stated they are in the process of obtaining complete financial information from previous management, and due to an inadequate handover and lack of supporting documents, the impact cannot be determined at this stage.
What to do with a filing like this
Auri Grow India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Auri Grow India Limited. Read the original for the full detail.