IGC Industries Ltd — Important, 21-05-2026: Company Update

IGC Industries' board met to approve the audited financial results for the quarter and year ended March 31. The company reported a net loss of ₹2.64 Cr for the quarter and ₹2.93 Cr for the year. However, auditors issued a disclaimer of opinion, citing insufficient evidence for material items like advances, investments, and inventories. Auditors also highlighted continuous losses, raising significant doubt about the company's ability to continue as a going concern, lacking a clear mitigation plan from management. The company, in a separate filing, declared an unmodified audit opinion.