Raconteur Global Resources reports FY26 loss, audit qualifications
Raconteur Global Resources reported a standalone net loss of ₹673.66 lakh and a consolidated net loss of ₹2132.85 lakh for FY26. Auditors issued qualified opinions due to missing external balance confirmations and the non-provision of depreciation by a subsidiary, Raconteur Granite Limited. Management stated that the financial impact of these issues is not currently quantifiable but is being addressed.

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Raconteur Global Resources reported a standalone net loss of ₹673.66 lakh for the financial year ended March 31, 2026, on total income of ₹783.75 lakh. The company’s auditors issued a qualified opinion, citing the non-receipt of external balance confirmations required under SA 505 as a limitation of scope. Consequently, the adjusted turnover figures are not determinable, and the auditors could not verify the completeness of trade receivables, payables, and loans.
The Board of Directors approved the audited financial results for the standalone and consolidated entities for the year ended March 31, 2026, on May 30, 2026. Following a query from BSE, the company resubmitted the complete results along with a revised Statement of Impact of Audit Qualifications. The filing confirmed that the frequency of the qualification regarding balance confirmations is repetitive.
In the consolidated financial statements, the company reported a net loss of ₹2132.85 lakh on a total income of ₹795.82 lakh. The auditors identified an additional qualification regarding the subsidiary Raconteur Granite Limited (RGL), which failed to charge depreciation on fixed assets for the year. This non-compliance with AS 6 and Schedule II of the Companies Act, 2013, resulted in an overstatement of profit and net block, though the quantum remains unquantifiable as asset details were not provided.
Management stated that it is in the process of obtaining balance confirmations and does not expect material adjustments. Regarding the depreciation issue at RGL, management acknowledged the non-compliance and is compiling asset details to compute the necessary depreciation. The auditors maintained that management's assurance does not substitute for direct third-party confirmation and emphasized that the non-provision of depreciation prevents the financial results from presenting a true and fair view.
Standalone Financial Highlights (FY26)
| Particulars | Amount (in lakhs) |
|---|---|
| Total Income | 783.75 |
| Total Expenditure | 1457.41 |
| Net Profit/(Loss) | -673.66 |
| Earnings Per Share | -8.44 |
| Total Assets | 8591.11 |
| Total Liabilities | 6379.00 |
| Net Worth | 2212.11 |
Consolidated Financial Highlights (FY26)
| Particulars | Amount (in lakhs) |
|---|---|
| Total Income | 795.82 |
| Total Expenditure | 2928.68 |
| Net Profit/(Loss) | -2132.85 |
| Earnings Per Share | -23.75 |
| Total Assets | 12325.11 |
| Total Liabilities | 10424.34 |
| Net Worth | 1900.77 |
Historical Stock Returns for Raconteur Global Resources
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -6.79% | -28.97% | -42.46% | -20.59% | +33.77% |
What specific timeline has management set to obtain the outstanding external balance confirmations and resolve the scope limitation?
How will the company quantify the financial impact of the uncharged depreciation at Raconteur Granite Limited once asset details are compiled?
Given the repetitive nature of the audit qualifications, what internal controls are being implemented to prevent future non-compliance?































