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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Orchasp Ltd

Orchasp Ltd Q2 FY27 Results: Auditors Issue Qualified Opinion

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 11 Nov 2026, 10:56 PM IST  ·  BSE ID: 2981e50d-6fa6-4276-9aa1-c17e8218a1f4
View Original BSE Filing (PDF)
💡
In Simple Terms
Auditors expressed concerns about Orchasp's financial results for July-September 2026, highlighting issues with investments and outstanding payments.
🤖 AI Summary
  • Orchasp Ltd's Board approved unaudited standalone and consolidated financial results for Q2 FY27 and the half year ended September 30, 2026.
  • Statutory Auditors issued a qualified opinion on the standalone results due to specific concerns.
  • Concerns include the carrying value of investments of Rs. 6,825 lakhs in a non-operational subsidiary.
  • Auditors cited non-payment of Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026.
  • Outstanding trade payables, trade receivables, and various advances/loans due for over six months were also noted.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Investment in Cybermate International, Unipessoal, LDA
Rs. 6,825 lakhs
🏢 How This Affects the Company
💰
Financial Impact
The qualified audit opinion and noted issues, including non-provisioning for impaired investment and non-payment of statutory dues, indicate potential adjustments to financial statements and future cash flow challenges.
⚙️
Operational Impact
The company cited adverse business conditions and temporary liquidity constraints as reasons for delays in payments and realizing receivables, which can impact ongoing operations.
⚠️
Risk Impact
The qualified audit opinion and specific findings increase financial reporting and compliance risks. The cancellation notice for a WOS's incorporation also highlights international operational and regulatory risks.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion and the financial concerns raised, particularly regarding the value of investments and company's financial health.
🔍
Management Signal
Management acknowledged the issues and stated they are taking steps to regularize statutory dues and address overdue receivables, signaling intent to resolve compliance and liquidity issues.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Q3 FY27 financial results — check resolution of statutory dues and overdue trade balances.
Auditor's report for next quarter — review status of qualified opinion items.
Updates on Orchasp Inc's financial position — assess clarity on transferred investments.
HIGH RISK The qualified audit opinion, significant unaddressed investment value, and statutory payment defaults present substantial financial and operational risks.
💡 Investor Takeaway
Orchasp Ltd's Q2 FY27 results received a qualified audit opinion, highlighting issues including a Rs. 6,825 lakhs investment in a non-operational subsidiary and non-payment of statutory dues up to September 30, 2026. Trade payables and receivables are also overdue for over six months.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Auditors could not comment on the appropriateness of the carrying value of Rs. 6,825 lakhs investment in a cancelled subsidiary.
  • The company has not paid Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026, citing liquidity constraints.
📅 Company Track Record
Previous filing on November 11, 2026, also mentioned auditors issuing a qualified opinion on Orchasp Ltd Q2 FY27 results, specifically citing the Rs. 6,825 lakhs investment and statutory dues.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the key issue identified by auditors in Orchasp Ltd's Q2 FY27 results?
Auditors issued a qualified opinion primarily due to the carrying value of investments of Rs. 6,825 lakhs in a non-operational subsidiary and non-payment of statutory dues up to September 30, 2026.
What was the auditors' concern regarding Orchasp Ltd's subsidiary in Portugal?
The auditors were unable to comment on the appropriateness of the carrying value of Rs. 6,825 lakhs investment in "Cybermate International, Unipessoal, LDA" because its incorporation was cancelled, and operations were transferred to a new USA subsidiary, "Orchasp Inc."
Did Orchasp Ltd pay its Tax Deducted at Source (TDS) and other statutory dues?
No, the company has not paid Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026, citing temporary liquidity constraints as the reason for delay.
Are Orchasp Ltd's trade receivables and payables current as of Q2 FY27?
No, trade payables, trade receivables, and various advances/loans are due for a period of more than 6 months, and auditors were unable to comment on their recoverability/payability without confirmations.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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