StocksMedium•12 November 2026•
1 min read
Binny Ltd Auditor Flags ₹48.3 Crore in Accounting Irregularities
Key Facts
1Auditor Venkatesh & Co issued a qualified opinion on Binny Ltd citing accounting irregularities totaling ₹4,830 lakh.
2Irregularities include ₹2,918.05 lakh in unrecovered advances and ₹1,912 lakh in unverified revenue.
3Net profit for Q2FY27 dropped to ₹843.39 lakh from ₹1,335.05 lakh in the previous quarter.
Auditor Venkatesh & Co issued a qualified opinion on Binny Ltd after identifying accounting irregularities totaling ₹4,830 lakh. According to a report from scanx.trade, the discrepancies include ₹2,918.05 lakh in unrecovered advances provided to RRB Energy Limited and ₹1,912 lakh in unverified revenue related to Sanklecha Infra Projects Private Ltd.
Binny Ltd reported a decline in net profit for the second quarter of fiscal year 2027 to ₹843.39 lakh, down from ₹1,335.05 lakh in the preceding quarter. The auditor stated it could not verify the recoverability of the advances or the validity of the recognized revenue, as the company's operational revenue fell to ₹1,473.72 lakh for the quarter ended September 30, 2026.