Integrated Filing — IndAS



General information about company

Scrip Code 532699
NSE Symbol ROHLTD
MSEI Symbol NA
ISIN INE283H01019
Name of company Royal Orchid Hotels 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 25-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-05-2026
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 Single segment
Description of single segment Hospitality
Start date and time of board meeting 25-05-2026   15:33:00
End date and time of board meeting 25-05-2026   15:41:00
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 11,317.21 38,415.05
Other income 575.73 2,228.12
Total income 11,892.94 40,643.17
2 Expenses
(a) Cost of materials consumed 998.80 3,468.45
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 2,827.16 10,331.04
(e) Finance costs 0.00 0.00
(f) Depreciation, depletion and amortisation expense 0.00 0.00
(f) Other Expenses
1 Rent Expense 349.74 1,589.14
2 Power and Fuel Expense 582.66 2,283.42
3 Other expenses 4,002.40 11,908.46
4 Finance costs 1,308.74 3,881.76
5 Depreciation and amortisation expense 1,140.99 3,560.09
Total other expenses 7,384.53 23,222.87
Total expenses 11,210.49 37,022.36
3 Total profit before exceptional items and tax 682.45 3,620.81
4 Exceptional items 217.26 217.26
5 Total profit before tax 899.71 3,838.07
6 Tax expense
7 Current tax 473.52 1,600.64
8 Deferred tax (222.87) (618.60)
9 Total tax expenses 250.65 982.04
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 649.06 2,856.03
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 172.80 476.71
16 Total profit (loss) for period 821.86 3,332.74
17 Other comprehensive income net of taxes (118.43) 5.00
18 Total Comprehensive Income for the period 703.43 3,337.74
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 794.48 3,218.46
Total profit or loss, attributable to non-controlling interests 27.38 114.28
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 677.23 3,224.64
Total comprehensive income for the period attributable to owners of parent non-controlling interests 26.20 113.10
21 Details of equity share capital
Paid-up equity share capital 2,742.52 2,742.52
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 0.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.9 11.74
Diluted earnings (loss) per share from continuing operations 2.9 11.74
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 2.9 11.74
Diluted earnings (loss) per share from continuing and discontinued operations 2.9 11.74
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The consolidated financial results ('the Statement') for the quarter and year ended 31 March 2026 have been prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards specified under Section 133 of the Companies Act 2013 (the 'Act') read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and is in compliance with presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (as amended). 2 The consolidated financial results ('the Statement') for the quarter and year ended 31 March 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 25 May 2026. The Statutory Auditors of the Holding Company have carried out audit of the above financial results and have issued a qualified report. The consolidated financial results for the quarter and year ended 31 March 2026 can be viewed on the website of the Holding Company, National Stock Exchange of India Limited ('NSE') and BSE Ltd ('BSE') at www.royalorchidhotels.com, www.nseindia.com and www.bseindia.com respectively. 3 The Group has evaluated its Operating segments in accordance with Ind AS 108 and has concluded that it is engaged in a single operating segment viz. hospitality business. 4 The figures for the quarter ended 31 March 2026 and 31 March 2025 are the balancing figures between the audited figures in respect of the full financial years and published unaudited year to date figures unto third quarter of the respective financial years. Also the figures unto the end of third quarter were subjected to limited review and were not subjected to audit. 5 Exceptional item comprise of the following: (Rs. in lakhs) Particulars Quarter ended Year ended 31 March 2026 31 December 2025 31 March 2025 31 March 2026 31 March 2025 (Audited) (Unaudited) (Audited) (Audited) (Audited) (Refer note 4) (Refer note 4) Reversal of impairment of investment in subsidiary (Refer Note 6) 217.26 - - 217.26 - 217.26 - - 217.26 - 6 The Holding Company in its Board of Director's meeting held on 28 January 2026 approved the sale of its subsidiary - Multi Hotels Limited. On 29 January 2026, the Holding Company entered into an agreement to sell its 100% stake in the said subsidiary. The Holding Company is in the process of completing all formalities to conclude the sale. Basis this transaction, the Group has reassessed the recoverable amount of the assets in the said subsidiary and has reversed the impairment provision amounting to Rs. 217.26 lakhs recorded earlier. In accordance with Ind AS 105- 'Non-current Assets Held for Sale and Discontinued Operations', the Group has classified the net assets of the subsidiary as an asset held for sale. 7 The Securities and Exchange Board of India (SEBI) on 31 March 2023 issued an Interim Order cum Show Cause Notice to the Company, its Managing Director, a Director and its Chief Financial officer (collectively called 'Noticees') for not considering Ksheer Sagar Developers Private Limited ('KSDPL') as a subsidiary of Royal Orchid Hotels Limited and treating it as an associate and thereby overstating the consolidated net profit of the Royal Orchid Group and misrepresenting the consolidated financial statements for the financial year ended 31 March 2022. The Interim Order had directed the Company to restate its consolidated financial statements for the year ended 31 March 2022 and prepare its consolidated financial statements for the year ended 31 March 2023 after considering KSDPL as a subsidiary. The Interim Order also contained show cause notices to show cause as to why suitable directions/prohibitions under Sections 11 (1), 11 (4) and 11B (1) of SEBI Act should not be issued against the Noticees. The order also contained show cause notices to show cause as to why inquiry should not be held in terms of Rule 4 of Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 and penalty be not imposed on them under Sections 11 (4A) and 11 B (2) read with Section 15HA and/or 15HB of the SEBI Act, 1992 for the above alleged violations of provisions of the SEBI Act, LODR Regulations and PFUTP Regulations. The Company, its Board and its Audit Committee had carried out a detailed evaluation of the above order cum show cause notice and on the advice from its legal counsel had filed an appeal with the Securities Appellate Tribunal ('SAT') against the order cum show cause notice issued by SEBI. The SAT on 9 May 2023 had stayed the effect and operation of the order cum show cause notice issued by SEBI till 30 June 2023 which was further extended till 17 August 2023. On 17 August 2023, the Company had requested an opportunity to be heard and respond to the show cause notice issued by SEBI which was granted by the SAT and the stay granted by SAT on 9 May 2023 continued to stay in effect. Consequently, the Company has responded to show cause notice issued by SEBI and the matter was heard by SEBI on 30 October 2023. The Company had been given time till 15 November 2023 to make its additional submissions before SEBI. The Company had submitted its response basis which SEBI issued its final order on 11 October 2024 stating that while the company had classified KSDPL incorrectly as an associate, it could not conclude that this incorrect classification resulted in an illegal gains made by the Noticees. Accordingly, the final order directed the Noticees to: (a) File a public disclosure to the stock exchanges containing the directions of the order within 7 days of the receipt of Order. (b) Disclose the financial statements and audit report for FY 2021-22, 2022-23 and 2023-24 to the stock exchanges. (c) File a report detailing the impact on the Consolidated Financial Statements of the Company for FY 2021-22, 2022-23 and 2023-24 had KSDPL been considered a subsidiary of the Company. (d) Pay monetary penalties of Rs.5 lakhs and Rs.1 lakh each under Section 15HA and 15HB of the SEBI Act within 45 days of the order. The Company carried out a detailed evaluation of the final order and on advice from its legal counsel filed an appeal with the SAT. The SAT on 5 November 2024 has admitted the appeal filed by the Company and has stayed the above order with respect to directions listed in points (b) and (c) above till the date of next hearing. The final order on the monetary penalties levied has been stayed on the condition that 50% of the penalties imposed are deposited by the Noticees. The Noticees on the date of the SAT stay order have deposited the said amounts. Amounts as considered necessary have been provided for by the Company. The SAT has given the Company four weeks to file its responses from date of its order. The Company has filed a public disclosure to the stock exchanges containing the directions of the final order. On 7 January 2025, SEBI filed an affidavit in response to the appeal filed with the SAT by the Company. Consequently, on 8 January 2025, the Company was given two weeks to file a rejoinder and the next hearing date was set to 29 January 2025. The Company filed the rejoinder on 28 January 2025 and currently the matter will be heard on 16 June 2026 and 17 June 2026. In the year ended 31 March 2022, the management had assessed that due to change in the composition of the Board of Directors of the aforesaid investee company, the Holding Company lost control of the investee company and had accounted for such ‘loss of control’ in accordance with the ‘control assessment’ principles enunciated under Ind AS 110, Consolidated Financial Statements and accordingly the management is of the view that SEBI’s contention, as included in the aforesaid final order is not tenable. Based on the Management's evaluation of loss of control and that the above mentioned final order has been stayed by the SAT, no adjustments, as directed by the said order, has been considered in the consolidated financial results of the Company for the year ended 31 March 2026. Notes (Cont'd): 8 On 22 February 2024, few shareholders comprising of 50% of the shareholding (collectively called as the Tambi Group) in Ksheer Sagar Developers Private Limited (KSDPL) filed a petition with the Hon’ble National Company Law Tribunal (NCLT) under Sections 241 and 242 of the Companies Act, 2013 (the Act) pertaining to Oppression and Mismanagement in the affairs of KSDPL. The matters raised in the said petition included matters relating to related party transactions, delayed appointment of independent directors, change in status of the KSDPL from subsidiary to associate, wrongful conduct of independent directors, process to appoint independent directors, conduct of chairman of the Board of KSDPL amongst others. Amongst the various reliefs sought, one of the relief sought was to halt the Extra Ordinary General Meeting (EOGM) on 1 March 2024 from taking place. ROHL on 28 February 2024 filed its response to the said petition with the NCLT disputing all the claims made by the Tambi Group. The NCLT on 29 February 2024 directed all the parties to carry out the EOGM as planned and comply with the provisions of Companies Act 2013. The EOGM was duly conducted on 1 March 2024 with the independent director as the Chairman. Only one business relating to the appointment of a new independent director was conducted and an ordinary resolution was duly passed. With effect from 2 March 2024, board of KSDPL has only one independent director. Also, Royal Orchid Hotels Limited’s (ROHL) Administrative Committee has resolved that the current Independent Director shall be the Chairman in the Board and General Meetings of KSDPL. Subsequent to the EOGM, the Tambi Group filed an Interlocutory Application on 11 March 2024 with the NCLT stating that the appointment of independent director was not in accordance with the Act. A Compliance Affidavit on 16 April 2024 was filed on behalf of KSDPL submitting how the interim order of NCLT dated 29 February 2024 was complied with. On 23 May 2024, the Tambi Group filed another Interlocutory Application requesting the NCLT to halt the approval of the independent director of KSDPL as the Chairman of the Board of KSDPL. The NCLT on 28 May 2024 directed all the parties to carry out the Board Meeting as planned. During the previous and current year, the Tambi group has filed various additional Interlocutory Applications with the NCLT which has been responded to by the Company and the matter is currently pending with the NCLT. The next hearing date is 30 July 2026. In the responses filed with the NCLT, ROHL has stated before the NCLT that relevant provisions of the Act as applicable to a deemed public company are not applicable to the KSDPL. ROHL believes that there has been no change in its assessment of control as per ‘control assessment’ principles enunciated under Ind AS 110 and accordingly continues to disclose and account for KSDPL as an associate in the Consolidated Financial Statements. 9 The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four Labour Codes, viz., Code on Wages, Code on Social Security, 2020, Industrial Relations Code, 2020 and Occupational Safety, Health and Working Conditions Code 2020 (collectively referred to as “Labour Codes”). These Labour Codes govern employee-related matters, including employee benefits during employment and post-employment and have been made effective 21 November 2025. Based on actuarial valuation, the Group has recognised the impact of additional gratuity liability arising from the implementation of the New Labour Codes amounting to Rs. 129.10 lakhs under Employee benefits expense in the Consolidated Statement of Profit and Loss for the year ended 31 March 2026. This incremental impact is primarily arising due to change in wage definition. The Group continues to monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of liability pertaining to employee benefits. 10 The Board of Directors of the Company, in its meeting held on 25 May 2026, proposed a final dividend of 25% (Rs. 2.5 per equity share). The proposal is subject to the approval of shareholders at the upcoming Annual General Meeting and if approved would result in a cash outflow of Rs. 685.63 lakhs. 11 Prior year amounts have been regrouped/reclassified wherever necessary, to conform to the current years' presentation and impact of the same is not material.



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 15,889.50
Capital work-in-progress 239.89
Investment property
Goodwill 1,763.97
Other intangible assets 22.32
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 3,918.65
Non-current financial assets
Non-current investments 2.25
Trade receivables, non-current
Loans, non-current 696.83
Other non-current financial assets
1 Right of use assets 55,342.20
2 Other financial assets 5,740.61
Total of other non-current financial assets 61,082.81
Total non-current financial assets 61,781.89
Deferred tax assets (net) 1,832.48
Other non-current assets
1 Other non-current assets 420.67
2 Non current tax assets 387.43
Total of other non-current assets 808.10
Total non-current assets 86,256.80
2 Current assets
Inventories 304.03
Current financial asset
Current investments 3,767.03
Trade receivables, current 3,782.87
Cash and cash equivalents 1,409.77
Bank balance other than cash and cash equivalents 2,609.33
Loans, current 0.00
Other current financial assets
Total of other current financial assets 3,624.90
Total current financial assets 15,193.90
Current tax assets (net) 5.83
Other current assets
Total of other current assets
Total current assets 15,503.76
3 Non-current assets classified as held for sale 2,404.36
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,04,164.92
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,742.52
Other equity 23,073.32
Total equity attributable to owners of parent 25,815.84
Non controlling interest 1,739.50
Total equity 27,555.34
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 8,249.62
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
1 Lease liabilities 52,948.55
2 Other financial liabilities 277.51
Total of other non-current financial liabilities 53,226.06
Total non-current financial liabilities 61,475.68
Provisions, non-current 493.63
Deferred tax liabilities (net) 6.77
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 61,976.08
Current liabilities
Current financial liabilities
Borrowings, current 1,549.22
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 4,037.48
Total Trade payable 4,037.48
Other current financial liabilities
1 Lease Liability 1,321.32
2 Other financial liabilities 5,623.52
Total of other current financial liabilities 6,944.84
Total current financial liabilities 12,531.54
Other current liabilities 1,760.15
1 Other current liabilities 1,760.15
Total of other current liabilities 1,760.15
Provisions, current 238.57
Current tax liabilities (Net) 103.24
Deferred government grants, Current
Total current liabilities 14,633.50
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 76,609.58
Total equity and liabilites 1,04,164.92
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)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
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
1 Items that will not be reclassified to profit or loss (30.01) (11.25)
Total Amount of items that will not be reclassified to profit and loss (30.01) (11.25)
2 Income tax relating to items that will not be reclassified to profit or loss (7.64) (2.92)
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified subsequently to profit or loss (96.06) 13.33
Total Amount of items that will be reclassified to profit and loss (96.06) 13.33
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (118.43) 5.00



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 3,838.07
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 30.90
Adjustments for decrease (increase) in trade receivables, current 642.90
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 1,369.69
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 1,013.49
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 481.39
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 3,560.09
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 165.63
Adjustments for provisions, non-current 52.32
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (150.63)
Adjustments for dividend income 0.00
Adjustments for interest income 526.67
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (67.03)
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) (28.52)
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) 6,543.56
Net cash flows from (used in) operations 10,381.63
Dividends received 0.00
Interest paid 3,881.76
Interest received 0.00
Income taxes paid (refund) (1,726.43)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 8,226.30
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 0.00
Proceeds from sales of investment property 2,477.24
Purchase of investment property 3,020.67
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 0.00
Interest received 594.21
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (3,917.51)
Net cash flows from (used in) investing activities (3,866.73)
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 1,153.34
Repayments of borrowings 1,355.11
Payments of lease liabilities 4,015.37
Dividends paid 685.63
Interest paid 713.77
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (5,616.54)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,256.97)
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 (1,256.97)
Cash and cash equivalents cash flow statement at beginning of period 2,666.74
Cash and cash equivalents cash flow statement at end of period 1,409.77





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 Walker Chandiok & Co LLP Yes 25-05-2026


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 40,643.17 0.00
2 Total Expenditure 37,022.36 0.00
3 Net Profit/(Loss) 3,332.74 0.00
4 Earnings Per Share 11.74 0
5 Total Assets 1,04,164.92 0.00
6 Total Liabilities 76,609.58 0.00
7 Net Worth 27,555.34 0.00


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)


Text Block

Textual Information(1) Following qualifications have been given by the Auditors in the audit report on Consolidated Financial Results of the Company: n nAs described in Note 8 to the accompanying Statement, certain shareholders of Ksheer Sagar Developers Private Limited ('KSDPL'), an associate of the Group, together holding 50% of voting power in such investee company, had filed a petition before the Hon'ble National Company Law Tribunal ('NCLT') under Sections 241 and 242 of the Act with respect to certain allegations against the Holding Company as detailed in the said note. Further, as described in the said note, the Management during the year ended 31 March 2024 in its response to NCLT has considered KSDPL as a 'private company', instead of considering it as a 'deemed public company' for assessing applicability of the compliance requirements under the Act. nConsidering the aforesaid ongoing litigation between the shareholders of KSDPL in respect of the allegations raised in the said petition, the outcome of which is presently unascertainable, and inconsistent legal assessment with respect to status of KSDPL under the Act, we are unable to comment upon the legal compliance by KSDPL with respect to applicable provisions of the Act and its consequential impact on the accompanying Statement. n
Textual Information(2) NA
Textual Information(3) NA
Textual Information(4) The likely impact if any, will only be known upon adjudication of the ongoing litigation by the Honble NCLT.
Textual Information(5) Considering the ongoing litigation between the shareholders of KSDPL in respect of the allegations raised in the petition filed with the Honble NCLT, the outcome of which is presently unascertainable, and inconsistent legal assessment with respect to status of KSDPL under the Act, we are unable to comment upon the legal compliance by KSDPL with respect to applicable provisions of the Act.


Signatories detail

Name of CEO / Managing director Chander K Baljee
Name of CFO Amit Jaiswal
Name of audit committee chairman Rakesh Mehta
Name of statutory auditor Walker Chandiok & CO LLP
Name of other signatory, if any, with designation Hemant Maheshwari
Place Bangalore
Date 25-05-2026