Integrated Filing — IndAS



General information about company

Scrip Code 523610
NSE Symbol ITI
MSEI Symbol NOTLISTED
ISIN INE248A01017
Name of company ITI 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 28-05-2026
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 na
Start date and time of board meeting 28-05-2026   13:54:00
End date and time of board meeting 29-05-2026   07:45:00
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 62,765.00 2,18,372.00
Other income 1,324.00 5,340.00
Total income 64,089.00 2,23,712.00
2 Expenses
(a) Cost of materials consumed 5,143.00 10,855.00
(b) Purchases of stock-in-trade 1,29,293.00 1,72,878.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (85,803.00) 172.00
(d) Employee benefit expense 13,612.00 14,601.00
(e) Finance costs 8,082.00 19,693.00
(f) Depreciation, depletion and amortisation expense (9,504.00) 5,645.00
(f) Other Expenses
1 Other Expenses 11,634.00 15,504.00
Total other expenses 11,634.00 15,504.00
Total expenses 72,457.00 2,39,348.00
3 Total profit before exceptional items and tax (8,368.00) (15,636.00)
4 Exceptional items 45,904.00 44,915.00
5 Total profit before tax 37,536.00 29,279.00
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 0.00 0.00
9 Total tax expenses 0.00 0.00
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 37,536.00 29,279.00
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 (22.00) 4.00
16 Total profit (loss) for period 37,514.00 29,283.00
17 Other comprehensive income net of taxes 0.00 (849.00)
18 Total Comprehensive Income for the period 37,514.00 28,434.00
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
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 96,285.00 96,285.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 94,278.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 3.9 3.04
Diluted earnings (loss) per share from continuing operations 3.9 3.04
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 3.9 3.04
Diluted earnings (loss) per share from continuing and discontinued operations 3.9 3.04
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 2,11,889.00
Capital work-in-progress 1,561.00
Investment property 25,104.00
Goodwill 0.00
Other intangible assets 0.00
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 5,359.00
Trade receivables, non-current 8,486.00
Loans, non-current 0.00
Other non-current financial assets
1 Others 3,185.00
Total of other non-current financial assets 3,185.00
Total non-current financial assets 17,030.00
Deferred tax assets (net)
Other non-current assets
1 Other non-current assets 3,041.00
Total of other non-current assets 3,041.00
Total non-current assets 2,58,625.00
2 Current assets
Inventories 20,571.00
Current financial asset
Current investments 0.00
Trade receivables, current 2,90,568.00
Cash and cash equivalents 2,440.00
Bank balance other than cash and cash equivalents 32,636.00
Loans, current 41,997.00
Other current financial assets
Total of other current financial assets 2,30,680.00
Total current financial assets 5,98,321.00
Current tax assets (net) 9,280.00
Other current assets
1 Other current assets 27,007.00
Total of other current assets 27,007.00
Total current assets 6,55,179.00
3 Non-current assets classified as held for sale 20,849.00
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 9,34,653.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 96,285.00
Other equity 94,278.00
Total equity attributable to owners of parent 1,90,563.00
Non controlling interest
Total equity 1,90,563.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 5.00
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 5,959.00
Total Trade payable 5,959.00
Other non-current financial liabilities
1 Government Grants Unutilised 4,496.00
2 Others 4,559.00
Total of other non-current financial liabilities 9,055.00
Total non-current financial liabilities 15,019.00
Provisions, non-current 2,918.00
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 17,937.00
Current liabilities
Current financial liabilities
Borrowings, current 76,494.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 3,472.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,85,602.00
Total Trade payable 2,89,074.00
Other current financial liabilities
1 Others 1,34,222.00
Total of other current financial liabilities 1,34,222.00
Total current financial liabilities 4,99,790.00
Other current liabilities 2,14,648.00
1 Other current liabilities 2,14,648.00
Total of other current liabilities 2,14,648.00
Provisions, current 11,715.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 7,26,153.00
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 7,44,090.00
Total equity and liabilites 9,34,653.00
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 Textual Information(2)



Text Block

Textual Information(2) Not Applicable



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 not to be reclassified to Profit or Loss in subsequent period 0.00 (849.00)
Total Amount of items that will not be reclassified to profit and loss 0.00 (849.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
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 0.00 (849.00)



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 29,279.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 19,693.00
Adjustments for decrease (increase) in inventories 2,527.00
Adjustments for decrease (increase) in trade receivables, current 72,448.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (24,535.00)
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 (55,732.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (3,616.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 0.00
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 0.00
Adjustments for interest income 1,372.00
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 (83,219.00)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 38,789.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (35,017.00)
Net cash flows from (used in) operations (5,738.00)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 7,801.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (13,539.00)
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 428.00
Proceeds from sales of investment property 91,431.00
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 0.00
Interest received 1,372.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities 92,375.00
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 71,579.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 19,693.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (91,272.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (12,436.00)
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 (12,436.00)
Cash and cash equivalents cash flow statement at beginning of period 14,876.00
Cash and cash equivalents cash flow statement at end of period 2,440.00





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 Disclaimer of 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 BK Ramadhyani Co LLP Yes 28-02-2027


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 2,23,712.19 0.00
2 Total Expenditure 2,39,348.12 0.00
3 Net Profit/(Loss) 29,283.00 0.00
4 Earnings Per Share 3.04 0
5 Total Assets 19,20,183.81 0.00
6 Total Liabilities 17,29,662.06 0.00
7 Net Worth 1,85,203.66 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) Disclaimer of opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Disclaimer of opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Disclaimer of opinion Whether appeared first time Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Disclaimer of opinion Whether appeared first time Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Disclaimer of opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Disclaimer of opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Disclaimer of opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Disclaimer of opinion Repetitive Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)
9 Textual Information(41) Disclaimer of opinion Repetitive Textual Information(42) Textual Information(43) Textual Information(44) Textual Information(45)
10 Textual Information(46) Disclaimer of opinion Repetitive Textual Information(47) Textual Information(48) Textual Information(49) Textual Information(50)
11 Textual Information(51) Disclaimer of opinion Repetitive Textual Information(52) Textual Information(53) Textual Information(54) Textual Information(55)
12 Textual Information(56) Disclaimer of opinion Repetitive Textual Information(57) Textual Information(58) Textual Information(59) Textual Information(60)
13 Textual Information(61) Disclaimer of opinion Repetitive Textual Information(62) Textual Information(63) Textual Information(64) Textual Information(65)
14 Textual Information(66) Disclaimer of opinion Repetitive Textual Information(67) Textual Information(68) Textual Information(69) Textual Information(70)
15 Textual Information(71) Disclaimer of opinion Repetitive Textual Information(72) Textual Information(73) Textual Information(74) Textual Information(75)
16 Textual Information(76) Disclaimer of opinion Whether appeared first time Textual Information(77) Textual Information(78) Textual Information(79) Textual Information(80)
17 Textual Information(81) Disclaimer of opinion Repetitive Textual Information(82) Textual Information(83) Textual Information(84) Textual Information(85)
18 Textual Information(86) Disclaimer of opinion Repetitive Textual Information(87) Textual Information(88) Textual Information(89) Textual Information(90)
19 Textual Information(91) Disclaimer of opinion Repetitive Textual Information(92) Textual Information(93) Textual Information(94) Textual Information(95)
20 Textual Information(96) Disclaimer of opinion Repetitive Textual Information(97) Textual Information(98) Textual Information(99) Textual Information(100)
21 Textual Information(101) Disclaimer of opinion Repetitive Textual Information(102) Textual Information(103) Textual Information(104) Textual Information(105)
22 Textual Information(106) Disclaimer of opinion Repetitive Textual Information(107) Textual Information(108) Textual Information(109) Textual Information(110)
23 Textual Information(111) Disclaimer of opinion Repetitive Textual Information(112) Textual Information(113) Textual Information(114) Textual Information(115)
24 Textual Information(116) Disclaimer of opinion Whether appeared first time Textual Information(117) Textual Information(118) Textual Information(119) Textual Information(120)
25 Textual Information(121) Disclaimer of opinion Repetitive Textual Information(122) Textual Information(123) Textual Information(124) Textual Information(125)
26 Textual Information(126) Disclaimer of opinion Whether appeared first time Textual Information(127) Textual Information(128) Textual Information(129) Textual Information(130)
27 Textual Information(131) Disclaimer of opinion Whether appeared first time Textual Information(132) Textual Information(133) Textual Information(134) Textual Information(135)
28 Textual Information(136) Disclaimer of opinion Whether appeared first time Textual Information(137) Textual Information(138) Textual Information(139) Textual Information(140)
29 Textual Information(141) Disclaimer of opinion Whether appeared first time Textual Information(142) Textual Information(143) Textual Information(144) Textual Information(145)
30 Textual Information(146) Disclaimer of opinion Whether appeared first time Textual Information(147) Textual Information(148) Textual Information(149) Textual Information(150)
31 Textual Information(151) Disclaimer of opinion Whether appeared first time Textual Information(152) Textual Information(153) Textual Information(154) Textual Information(155)


Text Block

Textual Information(1) The Consolidated Financial Statements of the Company for the year ended March 31, 2026, nas approved by the Board of Directors on May 28, 2026, was reported upon by us vide our naudit report issued on May 28, 2026. Vide this report, we had issued a Disclaimer of nOpinion on the said Financial Statements due to the significance of the matters described nin the Basis for disclaimer of opinion section of the said report and our inability to nquantify/ascertain the impact of matters covered therein on the Financial Statements for nthe said financial year. Those comments and observations may continue to impact on the nStandalone Financial Results and Financial statements for the current year.
Textual Information(2) NA
Textual Information(3) Impact not ascertainable
Textual Information(4) Company has initiated action plan for necessary compliance. However, impact is nnot ascertainable
Textual Information(5) Impact not ascertainable
Textual Information(6) The Company did not have adequate internal financial controls with reference to its nfinancial statements as required by section 134 of the Companies Act, 2013, which may in nturn result in errors and misstatements therein which may remain undetected and have a nmaterial impact thereof. This includes non-establishment of a sound information systems nsecurity policy and general controls interalia with adequate controls, safeguards and noversight over access, use of passwords, change management, modifications/edits made nto data through the application or to the database/backend changes, with adequate audit ntrails and periodical reviews of the same.
Textual Information(7) NA
Textual Information(8) Impact not ascertainable
Textual Information(9) Company has initiated action plan for necessary compliance. However, impact is nnot ascertainable
Textual Information(10) Impact not ascertainable
Textual Information(11) The Company has recognized the sale of a portion of its land and its old buildings at nKrishnaraja Puram Bangalore to Central Taxes, department (GST), Government of India n(GoI) at an agreed consideration of Rs. 91,431 lakhs and the consequent profit on sale nthereof amounting to Rs. 83,219.21 lakhs, pursuant to an agreement to sell dated March n26, 2026, and approvals from Department of Telecommunications, Government of India nfor the sale. Pending receipt of balance consideration of Rs. 3,014 lakhs, pending execution nof sale deed in favor of the buyer, pending (possession from the Central Tax department npending as at March 31, 2026) and bank release mortgage deed not received by the nCompany as at the year end, consequent transfer of control over the said property to the nlatter was not satisfied and accordingly the derecognition criteria laid down in IndAS-16 nProperty, Plant and Equipment (PPE) was not satisfied. Had the Company not recognized nthe said sale, Non - Current Assets held for sale would have reflected a balance of Rs. n8,011.79 lakhs, Other current assets would have been lower Rs. 3,011.02 lakhs, Loss for nthe year and Total comprehensive income (loss) would have been more by Rs. 83219.21 nlakhs, Current Liabilities would have been more by Rs. 88419.98 lakhs, debit balance in nProfit and Loss account would have been more by Rs. 88419.98 lakhs, Earnings per share nwould be lower at Rs. (8.65) as against the reported amount of Rs. 3.04.
Textual Information(12) NA
Textual Information(13) Impact not ascertainable
Textual Information(14) Company has initiated action plan for necessary compliance. However, impact is nnot ascertainable
Textual Information(15) Do not agree with Management
Textual Information(16) We had in paragraph 4 under the head Basis for Disclaimer of Opinion vide our nreport dated June 13, 2025, on the standalone financial statements for the nfinancial year ended March 31, 2025, reported certain assets though put to use nin prior years and not capitalized as Property Plant and Equipment n(PPE)/Investment Property(IP). nFurther Company did not comprehensively identify all adjustments relating to nprior years/periods during the financial years ended March 31, 2026 and March n31, 2025. During the year Company has made certain write off adjustments of nidentified old receivables/inventories amounting to Rs. 44,915.48 lakhs which is ndisclosed as exceptional items in the Statement of Profit and Loss. Consequently nwe are unable to ascertain the impact of all the adjustments to be made in terms nof Prior period errors within the meaning of Ind AS 8 - Accounting Policies, nChanges in Accounting estimates and Errors. nThe Company ought to have restated its prior years figures effecting its assets & nliabilities as at March 31, 2025 and income & expenses for the year ended March n31, 2025 and opening balance sheet including equity as at April 1, 2024. Pending nsuch comprehensive identification and want of full information, we are unable nto quantify the impact/consequent disclosures on the above said periods and its nimpact on earnings per share for March 31, 2026 and March 31, 2025.
Textual Information(17) NA
Textual Information(18) Impact not ascertainable
Textual Information(19) Company has initiated action plan for necessary compliance. However, nimpact is not ascertainable
Textual Information(20) Impact not ascertainable
Textual Information(21) The Company is in the process of reconciling the value of land as per the asset register nwith the respective title deeds/ documents across various locations of the Company. nCompany has an independent list of land owned at various locations, wherein the nrespective title deeds are being corelated to the records maintained by civil engineering ndepartment. We have relied on the documents furnished for verification of title deeds nand do not express an independent opinion on the same. Further, the auditors of Naini nand Palakkad units have commented on the limitations in respect of title deeds of the nunits(Vinay Kumar & Co and Balaram & Nandakumar).
Textual Information(22) NA
Textual Information(23) Impact not ascertainable
Textual Information(24) Company has initiated action plan for necessary compliance. However, nimpact is not ascertainable
Textual Information(25) Impact not ascertainable
Textual Information(26) Fixed asset records (FAR) maintained in excel sheets have inadequate description and nlocation of assets, which in turn may impact the rate of depreciation to be applied and nthe consequent written down value of assets. The FAR is not updated for land held by nthe Company in Bangalore Plant Unit including revaluation amounts. Management has nnot assessed assets which are unserviceable / not in working condition and has not nrecognized any provision for diminution in value with respect to such assets. The nCompany has not made available records in support of physical verification of PPE ncarried. In the absence of such comprehensive data in FAR, documentation in support nof physical verification carried out and adjustment of discrepancies, if any arising from nreconciliation of the same with book records and non-identification of assets which are nunserviceable / not in working condition, we are unable to comment on compliance nwith IndAS-16 Property, Plant and Equipment and IndAS 40 - Investment Property.
Textual Information(27) NA
Textual Information(28) Impact not ascertainable
Textual Information(29) Company has initiated action plan for necessary compliance. However, impact nis not ascertainable
Textual Information(30) Impact not ascertainable
Textual Information(31) Requisite details of certain land and buildings owned by the Company/taken on lease n(sale/lease deed, location, purpose for which property is put to use, categorization nbetween PPE and IP, whether any amortization of the same is required, income derived ntherefrom, etc.) were not furnished to us. The written down value of such assets as at nMarch 31, 2026, aggregated to Rs. 18,438.55 lakhs. The Company has recognized nincome during the year and prior years for which either there were no rental nagreements or agreements had expired pending renewal. The Company has not nfurnished required disclosures as per IndAS 40- Investment Property including the fair nvalues (FV) of its IPs, the basis of determining its FV, rental income derived from such nproperties and direct operating expenses (including repairs and maintenance) arising nfrom IP that generated rental income during the year etc. In the absence of sufficient nappropriate audit evidence, we are unable to ascertain impact, if any, on the nConsolidated Financial Results.
Textual Information(32) NA n
Textual Information(33) Impact not ascertainable
Textual Information(34) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(35) Impact not ascertainable
Textual Information(36) In terms of the Material Accounting Policies, the Company has not provided any ndocumentation in support of the evaluation carried out to test for impairment of assets in ncompliance with IndAS 36 Impairment of Assets. Accordingly, we are unable to satisfy nourselves whether any provision for impairment of assets is required to be recognized in nthese Consolidated Financial Results.
Textual Information(37) NA
Textual Information(38) Impact not ascertainable
Textual Information(39) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(40) Impact not ascertainable
Textual Information(41) Unrealized gains/losses on laptops produced by the Palakkad unit of the Company and ntransferred to other units for captive use have not been assessed and eliminated. In the nabsence of sufficient appropriate audit evidence, effect on Consolidated Financial Results ncould not be ascertained.
Textual Information(42) NA
Textual Information(43) Impact not ascertainable
Textual Information(44) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(45) Impact not ascertainable
Textual Information(46) Internally developed software by a unit of the Company for captive use has not been nevaluated for recognition in terms of IndAS 38 - Intangible Assets and measured, if nrequired. In the absence of sufficient appropriate audit evidence, effect on Consolidated nFinancial Results could not be ascertained.
Textual Information(47) NA
Textual Information(48) Impact not ascertainable
Textual Information(49) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(50) Impact not ascertainable
Textual Information(51) The Company has not identified lease contracts entered into by it as a lessee/lessor within nthe meaning of IndAS 116 Leases and has consequently not adopted the principles of nrecognition, measurement and disclosure contemplated therein, contrary to accounting npolicy but has expensed off/recognized as income in the Statement of Profit and Loss as nper contractual terms. Security deposits paid/received thereon have not been recognized nin the Statement of Profit and Loss in accordance with Ind AS 109 Financial Instruments. nIn the absence of sufficient and appropriate evidence, we are unable to ascertain impact if nany on the Consolidated Financial Results.
Textual Information(52) NA
Textual Information(53) Impact not ascertainable
Textual Information(54) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(55) Impact not ascertainable
Textual Information(56) The Company did not have a system of appropriating payments received against specific nbills raised and only maintains a running account of bills raised and payments received. nConsequently, the Company has furnished, based on excel workings, age-wise data in nrespect of trade receivables as mandated by schedule III, part II to the Companies Act, 2013. nWe could not independently validate the ageing data so furnished with the books of naccount. The Company did not furnish bill-wise breakup for certain trade receivables. nFurther, the Company did not obtain confirmation of balances / statements of account for nits trade receivables. The Company has not assessed and recognized the quantum of nexpected credit loss in terms of IndAS 109 Financial Instruments and has not furnished nthe requisite disclosures required in respect thereof. The Company did not furnish us nrequisite analysis/breakup of unbilled revenue of Rs. 2,24,111.29 lakhs identifying the nmilestones to be achieved before the same can be billed, the further costs yet to be nincurred to achieve such milestones and the estimate of likely costs of nrework/modifications that is to be incurred in the process of achieving certification from its ncustomers. In the absence of sufficient and appropriate evidence, we are unable to nascertain impact if any on the Consolidated Financial Results.
Textual Information(57) NA
Textual Information(58) Impact not ascertainable
Textual Information(59) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(60) Impact not ascertainable
Textual Information(61) The Company has several old balances in various receivable accounts in the nature of ndeposits, claims recoverable and other receivables (both current/non current) including ncertain receivables which are disputed amounting to Rs. 3589.05 lakhs (after write off Rs. n3426.06 lakhs during the year), which are long outstanding and with no adequate nsupporting. The Company has also not obtained confirmation of balances/ statements of naccount / reconciliation with books of accounts/ not assessed and recognized the quantum nof expected credit loss in terms of IndAS 109 - Financial Instruments. In the absence of nsufficient and appropriate evidence, we are unable to ascertain impact if any on the nConsolidated Financial Results.
Textual Information(62) NA
Textual Information(63) Impact not ascertainable
Textual Information(64) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(65) Impact not ascertainable
Textual Information(66) The Company had received soft loan from the Government of India in the financial year n2014-15 of Rs. 30,000 lakhs carrying interest at the rate of 1%. This loan was not recognized nat fair value after considering the market borrowing rate. The Company has not identified nfinancial assets and financial liabilities within the meaning of IndAS 109 and has nconsequently not adopted the principles of recognition, measurement and disclosure ncontemplated therein. In the absence of sufficient and appropriate evidence, we are unable nto ascertain impact if any on the Consolidated Financial Results.
Textual Information(67) NA
Textual Information(68) Impact not ascertainable
Textual Information(69) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(70) Impact not ascertainable
Textual Information(71) The Company did not carry out physical verification of inventory at all locations, in the nabsence of which excess/shortages as compared to book records were not assessed. nInventories with book value of Rs. 20,570.75 lakhs (after certain adjustments-write down nof inventories amounting to Rs. 2,656.59 lakhs during the current year), lying in the nvarious sites/outside locations/stores for which assessment of net realizable value as at nMarch 31, 2026, was not made available. The Companys inventories include old and nonmoving nitems and has not carried out any ageing, usefulness and serviceability nassessment to ascertain obsolete inventories, if any. List of inventories was not furnished nto confirm its bifurcation into raw materials, components, stores, work in process, nmanufactured components, finished goods, material in transit and goods pending ninspection along with requisite quantitative stock reconciliation statements. We could not nindependently validate the stock records with valuation made by the Company with nsupporting documents. We have not been able to independently verify and ensure ncompliance with IndAS 2- Inventories.
Textual Information(72) NA
Textual Information(73) Impact not ascertainable
Textual Information(74) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(75) Impact not ascertainable
Textual Information(76) In the absence of complete details/nature and ageing of each amounts payable, reasons nfor their pendency, reasons for non-claim by parties where applicable, nconfirmations/statements of account/reconciliations prepared of certain liabilities (both ncurrent/non-current) and advances received from customers of Rs. 1,71,366.66 lakhs, we nhave not obtained sufficient appropriate audit evidence and are unable to comment on its ncompleteness/ accuracy. The data regarding ageing of trade payables and other liabilities nis as furnished by the management and in absence of bill-wise breakup, we are unable to nindependently validate the same.
Textual Information(77) NA
Textual Information(78) Impact not ascertainable
Textual Information(79) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(80) Impact not ascertainable
Textual Information(81) Disclosure of information pertaining to dues to micro and small enterprises in terms of the nMicro, Small and Medium Enterprises Development Act, 2006 and pending identification of nsuch vendors and its account balances, seeking confirmation of balances/reconciliation of ntransactions entered along with and consequential non-provision for interest, if any, in nterms of section 23 of the said act, we have not obtained sufficient appropriate audit nevidence and are unable to comment on its completeness/ accuracy.
Textual Information(82) NA
Textual Information(83) Impact not ascertainable
Textual Information(84) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(85) Impact not ascertainable
Textual Information(86) The Company has not carried-out any fair valuation assessment in terms of the IndAS 109 nFinancial Instruments in respect of its financial assets and liabilities which are nreceivable/payable beyond a period of 12 months from the date of initial recognition n(examples: certain employee receivables, retention money payable, security deposits naccepted/paid, etc.) for the purposes of determination of amortized costs and namortization/recognition of expenses/income of the differential between amortized cost nand contractual amounts payable/receivable.
Textual Information(87) NA
Textual Information(88) Impact not ascertainable
Textual Information(89) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(90) Impact not ascertainable
Textual Information(91) The Companys contribution to ITI Employees Provident Fund Trust (PF Trust) as detailed nin its Material Accounting Policies has been considered as a defined contribution plan and nnot as a defined benefit plan, both for the current and prior years. Accordingly, the liability nto the trust ought to have been evaluated actuarily and recognized rather than at 12% of nthe eligible salaries to be made over during the year. Consequent disclosures required in nterms of IndAS 19 Employee Benefits have not been furnished.
Textual Information(92) NA
Textual Information(93) Impact not ascertainable
Textual Information(94) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(95) Impact not ascertainable
Textual Information(96) The Company has not reconciled its books of accounts with its GST returns (GSTR- n1/3B/2A/2B/6/7/7A/9&9C) and various forms as applicable filed/to be filed across all its nregistrations (includes turnover, exempt turnover, taxes payable, input tax credit navailable/availed and tax deducted at source). Several cross charges between the units of nthe Company with different registrations taken by the Company also could not be validated nin terms of the GST law. The Company has not segregated the goods and service portions nof the advances received based on respective contracts and remitted GST liability on the nservice portion of the same. Pending such bifurcation, we are unable to ascertain the nquantum of GST liability on advances payable and required provision along for interest npayable. The company has not ascertained comprehensively the reversal of GST input and ninterest thereon on account of non-payment of vendors before 180 days and on nadjustments made for obsolescence of inventories. Reconciliation for the current year nbetween its books of account and returns for each registration has also not been furnished nto us. Company has also not assessed any interest / penalty payable, if any, for all the noncompliances nidentified by it or by the GST authorities during the year as well as prior years.
Textual Information(97) NA
Textual Information(98) Impact not ascertainable
Textual Information(99) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(100) Impact not ascertainable
Textual Information(101) The Company has not reconciled the entries in forms 26AS, TIS and AIS in the Income Tax nportal website with its books of account for the current and prior years. The company has nnot disclosed the TDS/TCS receivables appropriately in terms of Schedule III of the Act.
Textual Information(102) NA
Textual Information(103) Impact not ascertainable
Textual Information(104) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(105) Impact not ascertainable
Textual Information(106) The Company has reported to the extent ascertained of its contingent liabilities/ legal/ narbitration cases and capital commitments as detailed in Consolidated Financial Results. In nthe absence of full and comprehensive list across all divisions/units/ROs/Corporate office nof the Company with testing of the probability of the liability devolving supported with nappropriate legal advice wherever required, we are unable to ascertain the ncompleteness/accuracy of the values reported in the said note and any provisions that may nbe required to be recognized in this respect.
Textual Information(107) NA
Textual Information(108) Impact not ascertainable
Textual Information(109) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(110) Impact not ascertainable
Textual Information(111) The Company has not identified warranty obligations as a distinct performance obligation nwithin the meaning of IndAS 115 Revenue from contracts with customers but recognizes nthe same as and when obligations arise on the plea that it generally has a back-to-back nclaims against its vendors. The Company has not provided us with the requisite ndocumentation indicating such rights in each contract entered into by it.
Textual Information(112) NA
Textual Information(113) Impact not ascertainable
Textual Information(114) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(115) Impact not ascertainable
Textual Information(116) The Company has reported various bank balances as at the reporting date; however, direct nbalance confirmations from the banks were not received in respect of certain banks. We nhave relied on bank statements and books of accounts furnished to us.
Textual Information(117) NA
Textual Information(118) Impact not ascertainable
Textual Information(119) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(120) Impact not ascertainable
Textual Information(121) a. The Company entered into multiple composite contracts with certain customers for nplanning, engineering, construction, upgradation, supply, installation, commissioning, ntesting and annual maintenance, involving substantial amounts. In these cases, the nCompany has recognized revenue (including unbilled portions) for the supply of ngoods to customers based on dispatches and for services rendered, wherever ncompleted by it, as at the year end and unbilled portions of revenue recognised nbased on assessment of work completed and corresponding costs incurred. The nCompany has not furnished us with the requisite documentation substantiating ncompliance with the preconditions for recognizing revenue including unbilled portion nin terms of Ind AS 115-Revenue from Contracts with Customers and passing of ncontrols to the latter over the goods and services. The Company has also not nassessed probable losses which it might incur on account of cost overruns, liquidated ndamages, warranty expenses and additional cost to be incurred in the completion of nservices, requiring recognition. nb. The Company is in the process of assessing certain changes in various terms of certain nselect contracts involving procurement of goods and services. Pending such exercise, nand finalization of the said matters/ entering into revised contracts/ issuing namendments of purchase orders, effects on costs, incurred or to be incurred in nrespect of each such contracts/ amendments/ revised purchase orders are not nassessed at this stage. Further, the Company has not furnished clear details/ nbreakups of unbilled payables recorded in the books of accounts. Due to such nmatters, effect on the statement, if any, could not be ascertained. nc. Attention is invited to foot note of Note 11 of the Standalone Financial Results where nin the Company has enumerated the status of a contract with Ministry of Defense, nGovernment of India, for supply and establishment of Army Static Switched nCommunication Network (ASCON) at an agreed consideration. In terms of the said ncontract, the Company was to mandatorily demonstrate its complete solution to nbring out its capabilities vis--vis the requirements of the customer, which would be nevaluated by the latter and form an essential part of the test bed evaluation process. nWe were informed for the reasons stated in the said note that the test best approval nwas awaited as at March 31, 2026, which is expected upon completion of certain nactivities as detailed therein. The Company has proceeded with part execution of the ncontract pending test bed final approval and in the opinion of the management of the nCompany is not impacting the revenue already recognized up to March 31, 2026, to nan aggregate extent of Rs. 1,92,094.93 lakhs.
Textual Information(122) NA
Textual Information(123) Impact not ascertainable
Textual Information(124) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(125) Impact not ascertainable
Textual Information(126) The Company is in the process of updating its books of accounts upto the date of issue of nthis report. Accordingly, we could not perform subsequent events review and relied on ncertain management representations.
Textual Information(127) NA
Textual Information(128) Impact not ascertainable
Textual Information(129) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(130) Impact not ascertainable
Textual Information(131) The Company follows the process of recording interunit transactions which are identified nmanually, and we have relied on the entries passed in the books of accounts. There are ninherent limitations in identifying and tracing such entries in the books of accounts with nactual transactions happened during the year. Further the Company is also in process of nreconciling the inter unit transactions pending reconciliation, an amount of Rs. 1,748.64 nlakhs has been adjusted in Statement of Audited Financial Results under the head Cost of nmaterial consumed of the Consolidated Financial Results. Accordingly, we are unable to nindependently assess the correctness and completeness of such transactions.
Textual Information(132) NA
Textual Information(133) Impact not ascertainable
Textual Information(134) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(135) Impact not ascertainable
Textual Information(136) The Company has reported certain non-compliances with various provisions of the SEBI nListing Regulations/the Act interalia in respect of quorum for board meetings, noncompliance nwith the constitution of audit and risk management committees, specified nproportion/ number of independent directors. Consequential non compliance of such nprovisions and its effect on Consolidated Financial Results is not known including nonprovision nfor penalty and interest liability there on.
Textual Information(137) NA
Textual Information(138) Impact not ascertainable
Textual Information(139) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(140) Impact not ascertainable
Textual Information(141) Reference is drawn to observation 29 of our audit report issued on June 13, 2025 in respect nof Financial Statements as of March 31, 2025, regarding certain old balances carried nforward in various assets and liabilities, where in management has not furnished us the ncomposition of such balances and requisite records in support thereof.
Textual Information(142) NA
Textual Information(143) Impact not ascertainable
Textual Information(144) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(145) Impact not ascertainable
Textual Information(146) Reference is drawn to note 16 of Standalone Financial results where in the Company has nclassified certain items as Exceptional Items which are not in accordance with the IndAS 1 nPresentation of Financial Statements. In the absence of adequate information and ndocumentation we are unable to comment on the correctness of the amounts reported ntherein.
Textual Information(147) NA
Textual Information(148) Impact not ascertainable
Textual Information(149) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(150) Impact not ascertainable
Textual Information(151) Company has not furnished adequate details/reconciliation regarding the classification of ncurrent and non current portions of employee benefits which includes gratuity, LTC and nearned leave liabilities across all units, regional offices and corporate office as per actuary nand the books of accounts. Accordingly we are unable to comment on the correctness of nthe provisions reported there under including the charge to the Consolidated Results for nthe year ended March 31, 2026 (including those reported under Other Comprehensive nIncome.
Textual Information(152) NA
Textual Information(153) Impact not ascertainable
Textual Information(154) Company has initiated action plan for necessary compliance. However, impact is not nascertainable
Textual Information(155) Impact not ascertainable


Signatories detail

Name of CEO / Managing director Rajesh Rai
Name of CFO CV RAMANA BABU
Name of audit committee chairman GOPINATH SAHU
Name of statutory auditor Vasuki H S
Name of other signatory, if any, with designation Bangalore
Place Bangalore
Date 28-05-2026