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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 Unaudited Results: Auditors Issue Qualified Opinion

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 11 Nov 2026, 05:46 PM IST  ·  BSE ID: e1d13611-2af0-460a-81bf-6237433ae99e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's latest financial report received a qualified review from auditors, flagging issues with a large investment and unpaid dues.
🤖 AI Summary
  • Orchasp Ltd Board approved Q2 FY27 unaudited standalone and consolidated financial results on November 11, 2026.
  • Auditors issued a qualified opinion, citing a Rs. 6,825 lakhs investment in a non-operational Portuguese subsidiary.
  • Non-payment of Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026, was flagged.
  • Trade payables and receivables overdue for more than 6 months were noted due to lack of confirmations.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Investment in Wholly Owned Subsidiary
Rs. 6,825 lakhs
🏢 How This Affects the Company
💰
Financial Impact
The auditor's qualified opinion concerning a Rs. 6,825 lakhs investment in a non-operational subsidiary and unpaid statutory dues indicates potential financial uncertainties. Lack of confirmation for old trade payables/receivables further affects balance sheet clarity.
⚙️
Operational Impact
Management indicates delays in statutory dues and trade payables/receivables are due to temporary liquidity constraints and adverse market conditions, suggesting operational challenges in cash flow management.
⚠️
Risk Impact
The qualified audit opinion and specific concerns regarding a Rs. 6,825 lakhs investment and statutory non-compliance introduce significant financial reporting and compliance risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this regulatory filing.
👤
Who Is Affected
All shareholders are indirectly affected by the auditor's qualified opinion, which raises questions about the financial statements' accuracy and the valuation of a Rs. 6,825 lakhs investment.
🔍
Management Signal
Management acknowledged the issues and stated steps are being taken to rectify non-compliance, realize receivables, and regularize statutory dues.

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

👁 Watch List - track these upcoming events
Q3 FY27 results — check for auditor's comments on flagged issues.
Update on subsidiary investment — verify progress on compliance and valuation.
Status of statutory dues — monitor regularization of outstanding payments.
HIGH RISK Qualified audit opinion on significant investment and statutory dues indicates material financial reporting and compliance risks.
💡 Investor Takeaway
Orchasp Ltd's Q2 FY27 unaudited results received a qualified audit opinion due to a Rs. 6,825 lakhs investment in a non-operational subsidiary. Auditors also flagged non-payment of statutory dues and unconfirmed trade payables/receivables, indicating financial reporting risks.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Auditors issued a qualified opinion on Q2 FY27 results, specifically citing a Rs. 6,825 lakhs investment in a non-operational subsidiary.
  • The company has not paid Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026.
📅 Company Track Record
Previous filings on November 11, 2026, also highlighted the auditors' qualified opinion on Orchasp Ltd's Q2 FY27 results, specifically citing the Rs. 6,825 lakhs investment and statutory dues as key concerns.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the key concern raised by auditors on Orchasp Ltd's Q2 FY27 financial results?
The key concern is the carrying value of investments of Rs. 6,825 lakhs held in a non-operational Wholly Owned Subsidiary in Portugal, Cybermate International, Unipessoal, LDA, whose incorporation was cancelled.
What other issues did the auditors flag in Orchasp Ltd's Q2 FY27 results?
Auditors also flagged non-payment of Tax Deducted at Source (TDS) and other statutory dues up to September 30, 2026, along with unconfirmed Trade payables and Trade Receivables due for more than 6 months.
How is Orchasp Ltd addressing the issue with the non-operational Portuguese subsidiary?
Orchasp Ltd stated it has incorporated a new subsidiary, 'Orchasp Inc' in the USA, and transferred the investments and related operations/assets of 'Cybermate International, Unipessoal, LDA' to the new subsidiary.

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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