What’s new

• Eros reported a consolidated net loss of ₹137.3 cr for FY26 on total income of ₹60.9 cr.
• Auditors Haribhakti & Co. issued a disclaimer of opinion, citing missing subsidiary records and going-concern uncertainty.
• Stand-alone net worth turned negative ₹490 cr after heavy provisions for group-entity dues.

Why it matters

An auditor disclaimer is the most severe opinion possible short of a full going-concern qualification. It says the numbers can't be trusted. For a company already under SEBI and ED investigation, that removes the last layer of financial credibility.

What we’re watching

• Whether SEBI or ED actions intensify after this audit opinion.
• Any move by lenders or authorities to initiate insolvency proceedings.
• The company's ability to produce or sell assets to cover the ₹490 cr shortfall.

The full read

Eros International's fiscal year is a write-off. The company earned ₹60.9 crore in total income and lost ₹137.3 crore. Auditors Haribhakti & Co. refused to sign off, issuing a disclaimer of opinion because they couldn't access financial records for key subsidiaries. The core damage is on the balance sheet: ₹284.4 crore in provisions for debts owed by group entities drove standalone net worth to negative ₹490 crore, a figure the rationale notes is several times the company's current market capitalization. Combined with active investigations from both SEBI and the Enforcement Directorate, the filing confirms what was feared. This is a company that cannot produce reliable financial statements, has negative net worth, and is under regulatory scrutiny. A disclaimer opinion does not formally trigger insolvency, but it makes it harder to avoid one.

Primary source: BSE · NSE