Majestic Research Services and Solutions Ltd
Revised Result for the year ended on 31.03.2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 30 Jul 2026, 03:16 PM IST · BSE ID: 9c9a72af-276a-4359-9173-cf787db5b001
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's auditor could not confirm the accuracy of its financial results for the last year due to missing records.
🤖 AI Summary
- Auditor J J Patel & Associates issued a Disclaimer of Opinion on FY26 financial results.
- Insufficient audit evidence cited due to non-verifiability of opening balances post-NCLT Resolution Plan.
- Non-availability of books of accounts and supporting documentation prevented auditor conclusion.
- Corporate Insolvency Resolution Process (CIRP) initiated May 25, 2023; new management took over June 20, 2025.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Income (Year Ended 31-Mar-26)
2.99 lakhs
Profit/(Loss) before tax (Year Ended 31-Mar-26)
(1,547.59) lakhs
Total Assets (As on 31-Mar-26)
650.68 lakhs
Total Equity (As on 31-Mar-26)
(246.16) lakhs
🏢 How This Affects the Company
The inability to obtain sufficient audit evidence means the reported financial figures for the year ended March 31, 2026, including a Net Loss of (1,547.59) lakhs, cannot be relied upon.
The report highlights historical issues with the availability of books of accounts and supporting documentation, stemming from a past Corporate Insolvency Resolution Process.
The Disclaimer of Opinion and stated inability to verify financial figures introduce significant uncertainty regarding the company's financial position and compliance.
👥 What This Means For Shareholders
✅
Action Required
No direct action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected as the reliability of the company's financial statements for the year ended March 31, 2026, including the reported Total Assets of 650.68 lakhs, is compromised by the auditor's Disclaimer of Opinion.
🔍
Management Signal
The Board of Directors and new management are responsible for financial statement preparation, despite the historical issues stemming from the CIRP and NCLT order.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next financial results filing — observe if audit opinion changes.
Updates on internal financial control improvements from management.
Regulatory filings addressing auditor concerns and historical issues.
HIGH RISK
Disclaimer of Opinion on full financial results indicates fundamental lack of verifiable financial information.
⚖️ Strengths & Concerns
⚠️ Concerns
- Persistent issues cited, including non-verifiability of opening balances after the NCLT Resolution Plan and non-availability of books of accounts.
📅 Company Track Record
Majestic Research Services and Solutions Ltd. previously filed financial results for the half year ended September 30, 2025, with no financial figures disclosed. An earlier filing on July 8, 2026, also noted an Auditor Disclaimer of Opinion for the FY26 results. The Corporate Insolvency Resolution Process was initiated on May 25, 2023, with the Resolution Plan approved by NCLT on June 20, 2025, leading to new management.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the auditor's opinion on Majestic Research Services' FY26 financial results?
The auditor, J J Patel & Associates, issued a Disclaimer of Opinion on the financial results for the half year and year ended March 31, 2026.
Why did the auditor issue a Disclaimer of Opinion for Majestic Research Services?
The auditor cited insufficient and inappropriate audit evidence, primarily due to non-verifiability of opening balances post-NCLT Resolution Plan and non-availability of books of accounts.
What was Majestic Research Services' Net Profit/(Loss) for the year ended March 31, 2026?
Majestic Research Services reported a Profit/(Loss) before tax of (1,547.59) lakhs for the year ended March 31, 2026, though this is subject to the Disclaimer of Opinion.
When did the new management take over Majestic Research Services?
The new management took over Majestic Research Services subsequent to the approval of the Resolution Plan by the Hon'ble NCLT on June 20, 2025.
Questions based on this BSE filing only. For information purposes.