Integrated Filing — IndAS



General information about company

Scrip Code 531892
NSE Symbol KHANDSE
MSEI Symbol NOTLISTED
ISIN INE060B01014
Name of company KHANDWALA SECURITIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 21-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 14-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 21-05-2026   12:30:00
End date and time of board meeting 21-05-2026   15:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 229.93 789.44
Other income 43.62 146.19
Total income 273.55 935.63
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 10.34 16.87
(d) Employee benefit expense 91.09 354.46
(e) Finance costs 7.14 23.10
(f) Depreciation, depletion and amortisation expense 5.98 28.82
(f) Other Expenses
1 Other Expenses 204.09 640.87
Total other expenses 204.09 640.87
Total expenses 318.64 1,064.12
3 Total profit before exceptional items and tax (45.09) (128.49)
4 Exceptional items 0.00 0.00
5 Total profit before tax (45.09) (128.49)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (1.08) (1.42)
9 Total tax expenses (1.08) (1.42)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (44.01) (127.07)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (44.01) (127.07)
17 Other comprehensive income net of taxes 0.35 0.36
18 Total Comprehensive Income for the period (43.66) (126.71)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 0.00 0.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 0.00 0.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 1,525.38 1,525.38
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,248.99
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.29 -0.83
Diluted earnings (loss) per share from continuing operations -0.29 -0.83
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.29 -0.83
Diluted earnings (loss) per share from continuing and discontinued operations -0.29 -0.83
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 146.03
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 259.77
Other intangible assets 11.51
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 32.18
Trade receivables, non-current 0.00
Loans, non-current 1,518.10
Other non-current financial assets
1 Others non current financial assets 1,272.19
Total of other non-current financial assets 1,272.19
Total non-current financial assets 2,822.47
Deferred tax assets (net) 39.07
Other non-current assets
1 Other non-current assets 20.64
Total of other non-current assets 20.64
Total non-current assets 3,299.49
2 Current assets
Inventories 0.00
Current financial asset
Current investments 84.97
Trade receivables, current 401.01
Cash and cash equivalents 1.94
Bank balance other than cash and cash equivalents 40.84
Loans, current 126.00
Other current financial assets
Total of other current financial assets
Total current financial assets 654.76
Current tax assets (net)
Other current assets
1 Other current assets 104.62
Total of other current assets 104.62
Total current assets 759.38
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 4,058.87
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,525.38
Other equity 1,248.99
Total equity attributable to owners of parent 2,774.37
Non controlling interest
Total equity 2,774.37
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 288.35
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 288.35
Provisions, non-current 21.20
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Others non current liabilities 6.71
Total of other non-current liabilities 6.71
Total non-current liabilities 316.26
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 881.16
Total Trade payable 881.16
Other current financial liabilities
Total of other current financial liabilities
Total current financial liabilities 881.16
Other current liabilities 87.08
1 Other current liabilities 87.08
Total of other current liabilities 87.08
Provisions, current 0.00
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 968.24
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 1,284.50
Total equity and liabilites 4,058.87
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Investment / Stock Operations 0.0000679 0.0003483
2 Feebased Operations 0.0022313 0.0075461
3 Other Unallocated Revenue 0.0004363 0.0014619
Total Segment Revenue 273.55 935.63
Less: Inter segment revenue 0.00 0.00
Revenue from operations 273.55 935.63
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Investment / Stock Operations (15.64) (1.55)
2 Feebased Operations 24.08 32.24
3 Other Unallocated Revenue 0.00 0.00
Total Profit before tax 8.44 30.69
i. Finance cost 7.14 23.10
ii. Other Unallocable Expenditure net off Unallocable income 46.39 136.08
Profit before tax (45.09) (128.49)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Investment / Stock Operations 118.07 118.07
2 Feebased Operations 2,495.97 2,495.97
3 Other Unallocated Revenue 1,444.83 1,444.83
Total Segment Asset 4,058.87 4,058.87
Un-allocable Assets 0.00 0.00
Net Segment Asset 4,058.87 4,058.87
4 Segment Liabilities
Segment Liabilities
1 Investment / Stock Operations 0.00 0.00
2 Feebased Operations 899.79 899.79
3 Other Unallocated Revenue 96.36 96.36
Total Segment Liabilities 996.15 996.15
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 996.15 996.15
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss (0.35) (0.36)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 0.35 0.36



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (128.49)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 23.10
Adjustments for decrease (increase) in inventories (25.53)
Adjustments for decrease (increase) in trade receivables, current 250.84
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 0.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (304.02)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 28.82
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income (1.88)
Adjustments for interest income (85.20)
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 60.29
Net cash flows from (used in) operations (68.20)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) (0.66)
Other inflows (outflows) of cash (137.04)
Net cash flows from (used in) operating activities (204.58)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 21.26
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 1.88
Interest received 85.86
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (2.94)
Net cash flows from (used in) investing activities 63.54
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 26.95
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 23.10
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (50.05)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (191.09)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (191.09)
Cash and cash equivalents cash flow statement at beginning of period 3.49
Cash and cash equivalents cash flow statement at end of period (187.60)





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Pravesh Agarwal & Associates, Chartered Accountants Yes 31-12-2028


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 935.63 935.63
2 Total Expenditure 1,064.12 1,064.12
3 Net Profit/(Loss) (128.49) (128.49)
4 Earnings Per Share -0.83 -0.83
5 Total Assets 4,058.87 4,058.87
6 Total Liabilities 1,284.50 1,284.50
7 Net Worth 2,774.37 2,774.37


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Qualified opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Qualified opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)


Text Block

Textual Information(1) The Company had advanced application money towards purchase of shares of Rs 216.69 lakhs which is outstanding for a period of 288 months as at the end of the year. In the absence of information regarding the status of the allotment or the net worth of the entities in which the company made applications, we are unable to ascertain the extent to which an amount of Rs 216.69 lakhs is recoverable and accordingly, the effect thereof on the financial statements cannot be ascertained. However, it has been noted and confirmed looking at relevant documents that at present the said matter is under litigation and pending for hearing before the Honble High Court at Mumbai.
Textual Information(2) Not Applicable
Textual Information(3) The Share Application Money for an amount of Rs. 216.69 Lacs is outstanding for a period of 288 months as at date of Balance Sheet date, for which the financial statements are in the process of being obtained. The Company has initiated legal proceedings against the other party for recovery of the said application money along with interest thereon, under Section 138 of the Negotiable Instruments Act, 1881. At present, the matter is pending for hearing before the Honble High Court at Mumbai
Textual Information(4) Not Applicable
Textual Information(5) As per Auditor's Report
Textual Information(6) Long-Term deposits of Rs 350.00 lakhs are subject to subsequent adjustments. We are unable to ascertain the recoverability of these amounts, as the Company has not made any provisions for the same in the standalone financial statements.
Textual Information(7) Not Applicable
Textual Information(8) Long-term Deposits which were given to M/s. Vimpasan Investments Private Ltd are still outstanding as at March 31, 2026, for total aggregate amount of Rs. 350.00 lakhs. Since the Company is not in the receipt of any interests on the said deposits since long period, the Company has not accounted any interest on the said deposits. The Company has already commenced the process to initiate legal proceedings against them for recovery of the said deposits.
Textual Information(9) Not Applicable
Textual Information(10) As per Auditor's Report


Signatories detail

Name of CEO / Managing director Paresh Khandwala
Name of CFO Pranav Khandwala
Name of audit committee chairman Kalpen Shukla
Name of statutory auditor Pravesh Agarwal
Name of other signatory, if any, with designation
Place Mumbai
Date 21-05-2026