Vikram Kamats Hospitality files revised auditor report for FY26
Vikram Kamats Hospitality Limited filed a revised auditor report for the quarter and year ended March 31, 2026, to meet SEBI format requirements. The report by Chaturvedi Sohan & Co. covers the consolidated results of the holding company, its subsidiary Vitzen Hotels Limited, and foreign associate Vits Hospitality Company Limited. The auditor affirmed compliance with Regulation 33 of the SEBI Listing Regulations.
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Vikram Kamats Hospitality submitted a revised auditor report on its consolidated financial results for the quarter and year ended March 31, 2026, to comply with SEBI regulations. The filing follows a communication from BSE Limited on June 30, 2026, which noted that the original auditor report did not adhere to the format prescribed by SEBI circular CIR/CFD/CMD1/80/2019 dated July 19, 2019. The company confirmed that all other submissions made in its letter dated May 29, 2026, remain unchanged.
The independent auditor's report was issued by Chaturvedi Sohan & Co., Chartered Accountants, on May 29, 2026. The audit was conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. The auditor opined that the consolidated financial results are presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report affirms that the results provide a true and fair view of the group's consolidated net loss and other comprehensive income for the year ended March 31, 2026.
The consolidated financial statements include the results of the holding company and its subsidiary, Vitzen Hotels Limited, as well as Vits Hospitality Company Limited, which is a foreign associate of the subsidiary. The auditor noted that they did not audit the financial statements of one subsidiary, which reported total assets of Rs. 6700.64 lakhs and total revenue of Rs. 2771.77 lakhs as of March 31, 2026. The group's share of net profit or loss from the foreign associate was Rs. Nil for the year ended March 31, 2026.
The following table outlines the entities included in the consolidated financial statements:
| Name of Entity | Relationship |
|---|---|
| Vitzen Hotels Limited | Subsidiary |
| Vits Hospitality Company Limited | Foreign Associate of Subsidiary |
The management is responsible for the preparation and presentation of the consolidated financial results, ensuring they give a true and fair view in accordance with Indian Accounting Standards. The board of directors is also responsible for maintaining adequate internal financial controls and assessing the company's ability to continue as a going concern. The auditor's report is based solely on the reports of other auditors regarding the unaudited subsidiary and associate.
Historical Stock Returns for Vikram Kamats Hospitality
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.09% | +8.83% | -5.01% | -28.91% | -32.12% | +213.53% |
Will the regulatory scrutiny from BSE regarding the audit report format delay any upcoming corporate actions or filings?
How might the reliance on unaudited financials for a subsidiary with significant revenue impact investor confidence in the group's transparency?
What steps is the management taking to ensure future compliance with SEBI's prescribed reporting formats to avoid similar administrative lapses?
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