Vegorama Punjabi Angithi Ltd Earns Unmodified Opinion in Annual Audit as Internal Controls Are Rated Adequate
Vegorama Punjabi Angithi Limited has received its annual audit report from Raj Gupta & Co., which concluded on June 12, 2026. The auditors have provided an unqualified opinion on the financial statements for the year ended March 31, 2026, confirming that the company's financials present a true and fair view in conformity with generally accepted accounting principles in India.The audit report confirmed that Vegorama Punjabi Angithi Limited maintained adequate internal financial controls, which were operating effectively as of March 31, 2026. The auditors noted that the management and Board of Directors bear responsibility for establishing these controls, covering areas such as asset safeguarding, fraud prevention, accuracy, and timely reporting.
Key findings related to the operational and financial integrity of Vegorama Punjabi Angithi Limited include:
| Aspect | Audit Finding |
|---|---|
| Financial Statements | The company's financials provide a true and fair view as per accounting principles. |
| Internal Controls | Internal financial controls were determined to be adequate and operating effectively in all material respects. |
| Statutory Dues | Statutory dues, including provident fund, employees state insurance, income-tax, sales tax, and other statutory dues, are generally deposited regularly, with no outstanding undisputed dues for more than six months. |
| Asset Management | The company maintains proper records of immovable property and has a regular program for the physical verification of fixed assets. |
| Loans Granted by Company | There is no overdue amount remaining outstanding from loans granted by the company as of the balance sheet date, and no such loan was renewed or extended to settle an overdue amount. |
The auditors reported that management has complied with statutory requirements regarding lending (Section 185 and 186 of the Companies Act, 2013). Furthermore, it was noted that no funds raised on a short-term basis were used for long-term purposes during the financial year.
In reviewing compliance aspects, the audit findings indicated:
- The company has not declared or paid any dividend during the fiscal year.
- No fraud involving the company or its officers or employees was reported to the auditors.
- Management represented that no funds were advanced or loaned by the company to any intermediary with the understanding that such intermediaries would lend or invest in other parties on behalf of Vegorama Punjabi Angithi Limited.
In addition, the audit confirmed that all transactions with related parties are compliant with relevant sections of the Act and have been duly disclosed in the financial statements.
Stock Price Movement
Shares of Vegorama Punjabi Angithi Ltd are sliding, trading at ₹155.00, which is an 8.34% decline for investors. The stock has seen significant movement today, swinging within an intraday range that spans from a low of ₹145.00 to a high of ₹173.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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