GMP IPO
📋 Filings Intelligence
About Contact
LIVE - Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement - financial results, order wins, dividends, mergers and more. Updated live.

-
Filed today
-
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings -

📋 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.
Square Four Projects India Ltd

Square Four Projects: Q1 FY27 Net Profit Rs. 202 Lacs; Qualified Auditor Opinion

RESULTS ▼ Concern Flagged HIGH RISK
📅 Filed on BSE: 05 Aug 2026, 05:54 PM IST  ·  BSE ID: 8f545ef0-b5b2-428f-8589-c91ea39f7eda
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its latest quarterly earnings, but its auditors flagged concerns about how certain assets were valued.
🤖 AI Summary
  • Square Four Projects reported standalone net profit of Rs. 202 Lacs for the quarter ended 30.06.2026.
  • Auditors issued a qualified conclusion for standalone results regarding financial assets of Rs. 39,50,000.
  • Consolidated net profit was Rs. 202 Lacs for the quarter ended 30.06.2026.
  • Consolidated results also received a qualified conclusion on financial asset valuation and unreviewed subsidiary data.
  • Subsidiary BRC Construction Company Private Limited showed Rs. Nil revenue and net loss of Rs. 9,664.97 for the quarter.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Standalone Net Profit for Q1 FY27
202 Lacs
Not comparable — limited prior period data.
Standalone Total Income for Q1 FY27
917 Lacs
Not comparable — limited prior period data.
Consolidated Net Profit for Q1 FY27
202 Lacs
Financial Assets under Qualification
39,50,000
Subsidiary Net Loss Q1 FY27
9,664.97
🏢 How This Affects the Company
💰
Financial Impact
The qualified audit opinion on standalone and consolidated results indicates a lack of fair value measurement for financial assets aggregating to Rs. 39,50,000, impacting the reported profit and deferred tax balances.
⚠️
Risk Impact
The qualified audit conclusion introduces a financial reporting risk, as the reported profit and asset values may not fully reflect their fair value in accordance with Ind AS 109 and Ind AS 113.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the qualified audit opinion, which flags concerns about the valuation of Rs. 39,50,000 in financial assets and the review status of subsidiary financial data.
🔍
Management Signal
Management’s approval of these results, despite auditor qualifications, indicates their presented view of the company's financial position, though further clarification on the asset valuation might be sought by external stakeholders.

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

👁 Watch List - track these upcoming events
Q2 FY27 results — observe if auditor qualifications persist on asset valuation.
Auditor's report on FY27 annual results — check if fair value concerns are resolved.
Any management commentary on steps to address auditor's qualified opinion.
HIGH RISK Repeated qualified audit conclusions on financial asset valuation and unreviewed subsidiary data present significant reporting risks.
💡 Investor Takeaway
Square Four Projects reported standalone net profit of Rs. 202 Lacs for Q1 FY27, compared to Rs. 445 Lacs in Q1 FY26. The auditor issued a qualified conclusion for both standalone and consolidated financial results regarding the fair value measurement of Rs. 39,50,000 in financial assets.
⚖️ Strengths & Concerns

✅ Positives

  • Standalone net profit for the quarter ended 30.06.2026 was Rs. 202 Lacs, an increase from a net loss of Rs. 1.16 Lacs in Q4 FY26.
  • Total standalone income for the quarter ended 30.06.2026 was Rs. 917 Lacs, comparable to Rs. 925 Lacs in Q4 FY26.

⚠️ Concerns

  • Auditors issued a qualified conclusion for both standalone and consolidated results due to financial assets of Rs. 39,50,000 not being fair valued.
  • Consolidated results include a subsidiary (BRC Construction Company Private Limited) with Rs. Nil revenue and a net loss of Rs. 9,664.97, whose financial information was not reviewed by its auditor.
📅 Company Track Record
Square Four Projects re-submitted FY26 financial results on 2026-06-11 with modified audit opinions, following an initial filing on 2026-05-27 that reported FY26 Net Profit of Rs. 9.73 Lacs with a qualified audit for Rs. 143.00 Lacs. This current filing continues to show audit qualifications.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What was Square Four Projects India Ltd's standalone net profit for the quarter ended 30 June 2026?
Square Four Projects India Ltd reported a standalone net profit of Rs. 202 Lacs for the quarter ended 30 June 2026.
What was Square Four Projects India Ltd's consolidated net profit for the quarter ended 30 June 2026?
Square Four Projects India Ltd reported a consolidated net profit of Rs. 202 Lacs for the quarter ended 30 June 2026.
Why did the auditor issue a qualified conclusion for Square Four Projects India Ltd's Q1 FY27 results?
The auditor issued a qualified conclusion because financial assets aggregating to Rs. 39,50,000 were not measured at fair value, impacting reported profit and deferred tax balances.
What was the revenue and net loss of Square Four Projects India Ltd's subsidiary BRC Construction Company Private Limited?
BRC Construction Company Private Limited reported Rs. Nil revenue and a total net loss of Rs. 9,664.97 for the three months ended 30 June 2026.
What was Square Four Projects India Ltd's standalone total income for the quarter ended 30 June 2026?
Square Four Projects India Ltd reported a standalone total income of Rs. 917 Lacs for the quarter ended 30 June 2026.

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

You've read one filing

There are 32,000 more, and one of them is about a company you own

Follow a company and we'll email you the moment it files again - explained, not just forwarded. Free.

  • Follow companies and get filings by email
  • Save any filing to read later
  • Two full AI analyses every month, free

No card needed. Sign in with Google in two taps.

⚠️ 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.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector - takes 5 seconds.