AMS Polymers Ltd — Results, 07-06-2025: Result

AMS Polymers Limited has announced a board meeting to consider the financial results for the quarter and half-year ended March 31, 2025. The company reported an adverse audit opinion due to several material issues: absence of a proper fixed asset register and lack of detailed physical verification of assets, non-availability of physical inventory verification, absence of ageing schedules and external confirmations for trade receivables/payables, no provision for gratuity as required, and lapses in documentation and approvals for related party transactions. The management cited operational challenges and ongoing corrective measures, but the auditor expressed doubts on the accuracy and completeness of the financial statements.