Auri Grow India Limited reported a net loss of ₹108.75 lakh for the financial year ended March 31, 2026, a sharp reversal from the net profit of ₹717.14 lakh recorded in the previous year. Revenue from operations for the year plummeted to ₹1379.50 lakh, significantly down from ₹17555.38 lakh in FY25. The company's total expenses for the period stood at ₹1488.25 lakh.

The statutory auditor, S Parth & Co, has issued a disclaimer of opinion on the accompanying standalone annual financial results. The auditor stated they were unable to obtain sufficient appropriate audit evidence, data, workings, and documentation necessary to provide a basis for an opinion. Consequently, the report does not express an opinion on whether the financial results give a true and fair view in conformity with Indian Accounting Standards (Ind AS).

Key Audit Disclaimers

The disclaimer of opinion stems from several material uncertainties and missing documentation. The auditor highlighted that the company holds unsecured loans amounting to ₹6927.81 lakh on which no interest has been charged, with relevant agreements and confirmations unavailable. Additionally, trade payables of ₹9461.59 lakh lack the required bifurcation for Micro, Small, and Medium Enterprises (MSME) creditors, potentially contravening the MSMED Act, 2006.

Significant concerns were also raised regarding the reliability of assets and liabilities. Outstanding balances of ₹10033.80 lakh in loans and advances and ₹10089.78 lakh in trade receivables remain unconfirmed. The auditor noted that the trade receivable balance had no transactions during the year, and the absence of cross-confirmations raises concerns over potential misstatements.

Operational and Compliance Gaps

The audit report identified severe deficiencies in documentation and internal records. The auditor reported not receiving sales invoices, E-Way bills, Delivery Challans, or transportation details, rendering them unable to comment on the genuineness of transactions. Furthermore, the company has not maintained a Fixed Assets Register, impairing the verification of asset existence and valuation.

Management claims that goods are traded directly from suppliers to customers without being held in the company's possession, eliminating the need for storage facilities. However, the auditor stated they could not verify this assertion in the absence of evidence. The company also failed to provide Goods Inward related documents for purchases.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹130.07 lakh on revenue from operations of ₹0.00 lakh. In comparison, the corresponding quarter of the previous year saw a net profit of ₹324.07 lakh on revenue of ₹6915.51 lakh. The total comprehensive income for the full year stood at a loss of ₹108.75 lakh.