Libas Consumer Products' latest annual consolidated financial results for the year ended March 31, 2025, have received a qualified audit opinion.

Auditors flagged several critical areas impacting the company's financial picture.

Key concerns highlighted: * **Inventory Issues:** Inventory is overstated by ₹11.87 Cr, directly impacting reported profit.

This includes obsolete stock, overvaluation, and shortages.

A further ₹1.69 Cr discrepancy exists between inventory values in company books and bank statements. * **Loan & Receivable Risks:** Loans and advances worth ₹8.84 Cr lack proper documentation, with ₹2.99 Cr identified as potentially unrecoverable, overstating assets.

Additionally, ₹1.98 Cr in trade receivables are doubtful, also overstating assets and profit. * **Unrecognized Income:** Interest income totaling ₹6.33 Cr on certain loans has not been recorded. * **Unsubstantiated Payables:** Trade payables of ₹1.77 Cr are unsubstantiated.

Other notable points: * The company faces a ₹1.24 Cr GST demand, which it is appealing without making a financial provision. * Several tax liabilities, including TDS (₹0.05 Cr) and Income Tax (₹0.01 Cr), remain unpaid. * The consolidated results incorporate the UAE subsidiary, reporting assets of ₹32.05 Cr, revenue of ₹36.97 Cr, and profits of ₹4.19 Cr.

This summary highlights significant financial discrepancies and unresolved matters from the audit report.