Square Four Projects India Releases Audited Financial Results for FY2026; Qualified Opinion Issued on Investments

Square Four Projects India Releases Audited Financial Results for FY2026; Qualified Opinion Issued on Investments​

Square Four Projects India Ltd, formerly known as Essen Supplements Limited, has released its audited financial results for the quarter and full financial year ended March 31, 2026. The company's Board of Directors approved these statements, which detail both standalone and consolidated performance. The audit reports carry a qualified opinion due to the inability of auditors to fair value certain investments as required under relevant accounting standards.

The Company reported various results across its segments. As per the audited figures for the financial year ended March 31, 2026, the Standalone Financial Results showed a turnover of 38,43,073.12 and total expenditure of 25,27,827.37, resulting in a Net Profit of 13,15,245.75. Total Assets for the standalone entity were reported at 6,46,52,704.60.

Audit Qualification Details​

The qualified opinion on both the Standalone and Consolidated Financial Results stems from the fact that the company has not carried out a fair valuation of certain investments amounting to Rs. 39,50,000.00, as stipulated under Indian Accounting Standard (Ind AS) 109, 'Financial Instruments,' read with Ind AS 113, 'Fair Value Measurement.'

In the absence of this required valuation, the impact on the carrying value of investments and related components of both the standalone and consolidated financial statements could not be determined by the auditors.

Financial Highlights (March 31, 2026)​

The audited results present both entity-level performance and group performance. The following table summarizes key figures from the Impact Statement on Audit Qualifications:

Board and Auditor Responsibilities​

The company's Board of Directors is responsible for the preparation of these financial results, which are to give a true and fair view of the net profits and other comprehensive income in accordance with the recognition and measurement principles prescribed under Indian Accounting Standard 34 (Interim Financial Reporting). The board is also responsible for assessing the Company's ability to continue as a going concern.

The audit objectives involved obtaining reasonable assurance about whether the financial results are free from material misstatement, whether due to fraud or error. As part of this process, auditors identified and assessed the risk of material misstatements. They also evaluated the overall presentation of the financial statements, including disclosures, to determine if they achieve a fair presentation.

Consolidated Financial Status​

The consolidated financial results include those of wholly-owned subsidiary BRL Construction Co Private Limited, whose financial statements were duly consolidated. The consolidated entity reported total income of 136 and recorded an expenditure of 6.

In the Statement on Impact of Audit Qualifications for the Consolidated Entity, Total Assets stood at 21,12,74,010.00, while Net Profit/(Loss) was determined at -24,79,013.17. The qualification in this regard remains unchanged from the standalone audit results.

Stock Price Movement​

Square Four Projects India Ltd shares settled at ₹10.00 after market close today, registering a decline of 1.96%.
The stock saw significant movement during trading hours, finding itself within an intraday range that spanned from a low of ₹9.50 to a high of ₹11.00.