Enclosed herewith are the Audited Financial Results along with Auditor''s Report for the financial year ended on 31st March, 2026.
Kindly take note of them.
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 06 Aug 2026, 05:42 PM IST · BSE ID: 2049b1dd-d06a-46d8-a811-9ede81cff66d
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a financial loss for the year, and its auditors pointed out several accounting issues in the report.
🤖 AI Summary
- Shiva Granito Export Ltd reported a standalone net loss of Rs. (5.80) lakhs for the financial year ended March 31, 2026.
- The independent auditor issued a qualified opinion on the financial results, highlighting four significant observations.
- A key qualification notes no provision for expected credit loss on trade receivables of Rs. 7,74,37,115.
- The auditor also cited issues with inventory valuation due to inadequate records, unprovided interest to MSMEs, and unprovisioned gratuity liability.
- Total revenue from operations for FY26 stood at Rs. 1,173.00 lakhs, with total expenses at Rs. 1,176.75 lakhs.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit / (Loss) for the period (Year Ended 31.03.2026)
Rs. (5.80) lakhs
Not comparable — limited prior period data.
Total Revenue (Year Ended 31.03.2026)
Rs. 1,178.21 lakhs
Not comparable — limited prior period data.
Total Expenses (Year Ended 31.03.2026)
Rs. 1,176.75 lakhs
Not comparable — limited prior period data.
Unprovided Expected Credit Loss on Trade Receivables
Rs. 7,74,37,115
🏢 How This Affects the Company
The qualified audit opinion and unprovided liabilities indicate a potential understatement of expenses and overstatement of assets. The financial position as of March 31, 2026, including trade receivables and equity, may be impacted.
The audit findings on inventory valuation due to non-availability of required stock records suggest potential operational weaknesses in inventory management and record-keeping.
The qualified audit opinion increases financial reporting risk, raising concerns about the accuracy and reliability of the reported financial statements. Unprovisioned liabilities introduce a risk of future financial adjustments.
👥 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 company's reported net loss of Rs. (5.80) lakhs and the qualified audit opinion, which points to potential inaccuracies in the financial statements.
🔍
Management Signal
Management approved the audited results despite the qualified opinion, indicating a willingness to disclose the auditor's findings without further adjustment at the reporting date.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 financial results — monitor for any improvements in audit qualifications.
Next annual report — check for management's response to audit observations.
Board meeting minutes — seek details on actions planned regarding audit findings.
HIGH RISK
Qualified audit opinion on multiple material issues indicates significant financial reporting and internal control risks.
💡 Investor Takeaway
Shiva Granito Export Ltd reported a standalone net loss of Rs. (5.80) lakhs for the year ended March 31, 2026, following a profit of Rs. 2.48 lakhs in the prior year. The auditor issued a qualified opinion, noting unprovided expected credit loss of Rs. 7,74,37,115 on trade receivables and concerns regarding inventory valuation and unprovisioned liabilities.
⚖️ Strengths & Concerns
⚠️ Concerns
- Net loss for the year ended March 31, 2026, was Rs. (5.80) lakhs, a decline from a profit of Rs. 2.48 lakhs in the prior year.
- The auditor issued a qualified opinion, citing unprovided expected credit loss of Rs. 7,74,37,115 and issues with inventory valuation.
📅 Company Track Record
Shiva Granito Export Ltd previously reported a net loss of Rs. (5.80) lakhs for FY26 in an earlier filing on August 6, 2026, consistent with this detailed submission, which also includes the qualified audit opinion.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Shiva Granito Export Ltd's net profit/loss for the year ended March 31, 2026?
Shiva Granito Export Ltd reported a standalone net loss of Rs. (5.80) lakhs for the financial year ended March 31, 2026.
Did the auditor issue a qualified opinion on Shiva Granito Export Ltd's FY26 results?
Yes, the independent auditor issued a qualified opinion on Shiva Granito Export Limited's standalone financial results for the year ended March 31, 2026.
What was one key reason for the qualified audit opinion for Shiva Granito Export Ltd in FY26?
One key reason was the company's non-provision for expected credit loss in respect of trade receivables amounting to Rs. 7,74,37,115, not compliant with Ind AS 109.
What were Shiva Granito Export Ltd's total revenues for the year ended March 31, 2026?
Shiva Granito Export Ltd's total revenue for the year ended March 31, 2026, was Rs. 1,178.21 lakhs.
Questions based on this BSE filing only. For information purposes.