Gammon India Faces Insolvency As Auditor Flags Grave Doubts

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AuthorAditi Singh|Published at:
Gammon India Faces Insolvency As Auditor Flags Grave Doubts
Overview

Gammon India has reported staggering losses for Q3 FY26, with revenue collapsing and net losses widening significantly on both standalone and consolidated bases. The company's financial health is in deep distress, marked by a substantial negative net worth and liabilities far exceeding assets. Crucially, the auditor's report carries a 'Qualified Conclusion' and flags material uncertainties about the company's ability to continue as a going concern, citing unresolved disputes and lender issues. Share trading remains suspended.

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