Integrated Filing — IndAS



General information about company

Scrip Code 533638
NSE Symbol FLEXITUFF
MSEI Symbol NOTLISTED
ISIN INE060J01017
Name of company FLEXITUFF VENTURES INTERNATIONAL 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 30-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-05-2026
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 30-05-2026   17:00:00
End date and time of board meeting 30-05-2026   22:00:00
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 26.98 1,680.06
Other income 259.50 317.05
Total income 286.48 1,997.11
2 Expenses
(a) Cost of materials consumed (7.90) 846.94
(b) Purchases of stock-in-trade 26.66 26.66
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 1,991.92
(d) Employee benefit expense 75.89 1,016.46
(e) Finance costs 727.99 3,155.05
(f) Depreciation, depletion and amortisation expense 599.94 2,437.31
(f) Other Expenses
1 Other Expenses 122.42 765.24
Total other expenses 122.42 765.24
Total expenses 1,545.00 10,239.58
3 Total profit before exceptional items and tax (1,258.52) (8,242.47)
4 Exceptional items 0.00 0.00
5 Total profit before tax (1,258.52) (8,242.47)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 5,668.06 5,265.48
9 Total tax expenses 5,668.06 5,265.48
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 (6,926.58) (13,507.95)
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 (6,926.58) (13,507.95)
17 Other comprehensive income net of taxes 35.11 70.46
18 Total Comprehensive Income for the period (6,891.47) (13,437.49)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (6,921.33) (13,497.69)
Total profit or loss, attributable to non-controlling interests (5.26) (10.26)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (6,889.78) (13,434.19)
Total comprehensive income for the period attributable to owners of parent non-controlling interests (1.69) (3.30)
21 Details of equity share capital
Paid-up equity share capital 3,282.28 3,282.28
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 -21.1 -41.15
Diluted earnings (loss) per share from continuing operations -21.1 -41.15
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 -21.1 -41.15
Diluted earnings (loss) per share from continuing and discontinued operations -21.1 -41.15
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 21,173.50
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 1.19
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 0.11
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other Financial Assets 781.32
2 Non-Current Tax Assets 107.45
Total of other non-current financial assets 888.77
Total non-current financial assets 888.88
Deferred tax assets (net) 0.00
Other non-current assets
1 Other non-current assets 2.38
Total of other non-current assets 2.38
Total non-current assets 22,065.95
2 Current assets
Inventories 882.45
Current financial asset
Current investments 0.00
Trade receivables, current 4,758.69
Cash and cash equivalents 141.70
Bank balance other than cash and cash equivalents 3.93
Loans, current 10.79
Other current financial assets
Total of other current financial assets 1,111.82
Total current financial assets 6,026.93
Current tax assets (net) 114.23
Other current assets
1 Other current assets 3,324.85
Total of other current assets 3,324.85
Total current assets 10,348.46
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 32,414.41
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,282.28
Other equity (15,444.76)
Total equity attributable to owners of parent (12,162.48)
Non controlling interest (982.07)
Total equity (13,144.55)
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 1,854.87
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 Liablities 0.01
Total of other non-current financial liabilities 0.01
Total non-current financial liabilities 1,854.88
Provisions, non-current 575.19
Deferred tax liabilities (net)
Deferred government grants, Non-current
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 2,430.07
Current liabilities
Current financial liabilities
Borrowings, current 24,965.66
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 237.84
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 8,872.66
Total Trade payable 9,110.50
Other current financial liabilities
1 Other financial liabilities 4,462.83
2 Lease Liabilities 1.57
Total of other current financial liabilities 4,464.40
Total current financial liabilities 38,540.56
Other current liabilities 4,578.72
1 Other current liabilities 4,578.72
Total of other current liabilities 4,578.72
Provisions, current 9.61
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 43,128.89
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 45,558.96
Total equity and liabilites 32,414.41
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 Remeasurement of the net defined benefit plans 46.14 92.28
Total Amount of items that will not be reclassified to profit and loss 46.14 92.28
2 Income tax relating to items that will not be reclassified to profit or loss 11.62 23.23
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations 0.79 1.88
Total Amount of items that will be reclassified to profit and loss 0.79 1.88
4 Income tax relating to items that will be reclassified to profit or loss 0.20 0.47
5 Total Other comprehensive income 35.11 70.46



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 (8,242.47)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,155.04
Adjustments for decrease (increase) in inventories 1,938.34
Adjustments for decrease (increase) in trade receivables, current 556.33
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 109.43
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 2,856.72
Adjustments for other bank balances 31.78
Adjustments for increase (decrease) in trade payables, current 948.57
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (1,857.65)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 2,437.31
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 69.06
Adjustments for provisions, non-current 7.50
Adjustments for other financial liabilities, current (1,693.41)
Adjustments for other financial liabilities, non-current 57.74
Adjustments for unrealised foreign exchange losses gains (253.57)
Adjustments for dividend income 0.00
Adjustments for interest income 46.94
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 (6.02)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 8,310.23
Net cash flows from (used in) operations 67.76
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) (385.25)
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 453.01
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 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 0.00
Interest received 43.95
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities 43.95
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 2,896.94
Repayments of borrowings 0.00
Payments of lease liabilities 3.97
Dividends paid 0.00
Interest paid 4,428.58
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (1,535.61)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,038.65)
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 (1,038.65)
Cash and cash equivalents cash flow statement at beginning of period 1,180.36
Cash and cash equivalents cash flow statement at end of period 141.71





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 Adverse 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 Mahesh C. Solanki & Co. Yes 30-04-2027


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 1,987.43 1,987.43
2 Total Expenditure 10,221.45 10,221.45
3 Net Profit/(Loss) (13,499.50) (13,499.50)
4 Earnings Per Share -41.13 -41.13
5 Total Assets 32,414.41 32,414.41
6 Total Liabilities 45,558.96 45,558.96
7 Net Worth (13,144.55) (13,144.55)


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) Adverse opinion Whether appeared first time Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Adverse opinion Whether appeared first time Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Adverse opinion Whether appeared first time Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Adverse opinion Whether appeared first time Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Adverse opinion Whether appeared first time Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Adverse opinion Whether appeared first time Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Adverse opinion Whether appeared first time Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Adverse opinion Whether appeared first time Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)


Text Block

Textual Information(1) The Parent Company has incurred a net loss of Rs. 13,487.87 lakhs during the year ended 31 March 2026, and as of that date, the Parent Company's current liabilities have exceeded its current assets by Rs. 32,233.86 lakhs which have resulted in complete erosion of the Parent Companys net-worth. These conditions indicate the existence of material uncertainties that cast significant doubt on the Company's ability to continue as a going concern. Furthermore, the Parent Company has outstanding obligations related to statutory compliances, unpaid employee payables, and defaults on borrowings. In the absence of necessary and adequate audit evidence to support the Group's assessment of its going concern status and mitigating plans, in our judgment, management's use of the going concern basis of accounting in the preparation of the Statement is inappropriate as per the applicable Standards on Auditing. Consequently, the assets and liabilities have not been adjusted to their realisable values, the impact of which is currently not ascertainable.
Textual Information(2) NA
Textual Information(3) NA
Textual Information(4) The Company has built a stable market presence over the years. While current liquidity is under pressure due to a mismatch between current assets and liabilities, management is making efforts to restart the operations.

We the management is fully confide that our cash flow will shortly improve as we are implementing some new business model .The company has a long legacy of delivering quality products and we are currently engaged in research for introducing some new products in the market which will enhance our profitability and thus the company is confident of maintaining its status as a going concern. This shortfall in cash flow/ profitability will be removed in a timely manner.
Textual Information(5) NA
Textual Information(6) The Parent Company has been experiencing continued operational and financial difficulties and has reached a deadlock position regarding its management and business operations. Due to the aforementioned deadlock and consequent lack of management cooperation and operational disruption, we were unable to perform audit procedures such as rolling out independent balance confirmations (for Trade Receivables, Payables, Loans, and Bank Balances), verification of statutory payments, verification of underlying documentation (sales, purchase, and expense vouchers) and physical verification of inventory and assessment of its valuation and existence etc.

In the absence of these critical records and our inability to perform alternate audit procedures, we were unable to determine whether any adjustments might have been found necessary in respect of recorded or unrecorded assets, liabilities, income, and expenditure. Accordingly, we are unable to comment on the consequential impact of the same on the Statement.
Textual Information(7) NA
Textual Information(8) NA
Textual Information(9) The operational disruptions and administrative gaps that limited the availability of certain records and external confirmations during the audit period are being looked into. Management is taking steps to resolve internal coordination issues and streamline administrative functions. We as a management state that when any company comes under financial distress the creditors/ debtors often avoid to confirm outstanding balances and the reason being a sheer fear of confirming balances which may ,create any probable legal issue against them .However we are trying to obtain balance confirmation from various debtors/ creditors. As regards confirmation of loans taken from banks we have not taken any certificate from banks as we are in the process of requesting the banks for restructuring/ settlement.
Textual Information(10) NA
Textual Information(11) The Parent Company has been unable to renegotiate or secure replacement financing for its outstanding Cash Credit (CC) facilities and Working Capital Term Loans (WCTL). Consequently, the total dues, including accrued interest, stood at Rs. 25,971.26 lakhs as of 31 March 2026, and the lending banks have issued notices to the Company under the SARFAESI Act. Because of the inherent uncertainty regarding the resolution of these defaults and liquidity constraints, and pending finalization of discussions with the lenders, the ultimate impact on the Statement (including any potential penal interest, adjustments to carrying values, or reclassification of liabilities) is presently not ascertainable.
Textual Information(12) NA
Textual Information(13) NA
Textual Information(14) The Company acknowledges the defaults regarding its Cash Credit facilities and Working Capital Term Loans, as well as the notices received from lenders. Management is in communication with the lending banks to discuss workable resolution plans or restructuring. Simultaneously, we are trying to organize alternative working capital options to stabilize these bank obligations.
Textual Information(15) NA
Textual Information(16) The Parent Company has outstanding loans and advances given to its subsidiaries amounting to Rs. 2,558.28 lakhs (including interest) as at 31 March 2026. As set out in Note 2 to the Statement, the subsidiaries are facing severe operational and financial difficulties, and the Parent Company is also undergoing financial strain. Despite these indicators of impairment, the management considers the balance to be fully recoverable and has not recognized any impairment loss or written off these loans, which is not in compliance with relevant accounting standards. Because of the lack of sufficient appropriate audit evidence regarding the future cash flows of the subsidiaries and the ultimate realization of these loans, we are unable to determine whether any adjustments might be necessary to the carrying value of the loans, reserves, or profit/loss for the year. Consequently, the impact of not fully writing off these loans on the Statement is not ascertainable.
Textual Information(17) NA
Textual Information(18) NA
Textual Information(19) Although the subsidiaries are facing operational hurdles, management considers their long-term underlying value to be intact due to their established market position. We are working with the respective teams to improve and revive their operational performance. Based on the expectation of recovering their business volumes over time, management considers these balances to be recoverable. We are confident about our strategies for business development and therefore we have not written off or have made any provision for impairment.
Textual Information(20) NA
Textual Information(21) The Parent Company has not accrued and paid statutory liabilities relating to employee benefits, including Provident Fund (PF), Employees' State Insurance (ESIC), Professional Tax (PT), and Gratuity. We were unable to obtain sufficient appropriate audit evidence regarding the exact quantum of these statutory dues and the resultant impact on the Statement. Consequently, we are unable to determine the adjustments required to the employee benefits expense, current liabilities, and accumulated losses.
Textual Information(22) NA
Textual Information(23) NA
Textual Information(24) Due to immediate cash flow mismatches, certain statutory dues relating to employee benefits could not be deposited or fully reconciled on time. Management recognizes these obligations and intends to clear the outstanding balances in a phased manner as liquidity and working capital positions improve.
Textual Information(25) NA
Textual Information(26) The Parent Company did not have any internal audit conducted during the financial year resulting in non-compliance with the provisions of Section 138 of the Companies Act, 2013. Consequently, we are unable to comment on the adequacy and effectiveness of internal controls, the accuracy of reported transactions, or the potential material misstatements that might have been identified had an internal audit been conducted. The impact of this non-compliance on the Statement is presently not ascertainable.
Textual Information(27) NA
Textual Information(28) NA
Textual Information(29) The internal audit could not be conducted during the financial year due to administrative disruptions and financial constraints. Management acknowledges the requirement and is taking steps to appoint an independent firm of Chartered Accountants to conduct the internal audit for the upcoming financial year. However the management is itself carrying out internal audit with the help of current employees.
Textual Information(30) NA
Textual Information(31) The Parent Company has not been in compliance with certain applicable provisions of the Companies Act, 2013, the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Foreign Exchange Management Act, 1999 (FEMA). The ultimate financial, legal, or other regulatory impacts of these non-compliances on the accompanying Statement are presently not ascertainable. Consequently, we are unable to determine whether any adjustments might be necessary to the Statement in respect of potential penalties, settlements, or consequential losses.
Textual Information(32) NA
Textual Information(33) NA
Textual Information(34) The company experienced an exceptionally challenging operational phase, which led to administrative delays in routine regulatory and secretarial filings. Efforts are being made to strengthen our statutory compliance desk to systematically address outstanding filings and ensure regular compliance moving forward
Textual Information(35) NA
Textual Information(36) As stated in Note 2 to the Statement, the Parent Company is undergoing financial and operational difficulties. The Parent Companys Cash Generating Unit (CGU) viz. Kashipur cluster, has a carrying value of Rs. 21,172.53 lakhs as at 31 March 2026, comprising tangible and intangible assets. The Parent Company has not performed an impairment assessment of this CGU as required under Ind AS 36 Impairment of Assets. In the absence of this assessment, we are unable to obtain sufficient appropriate audit evidence regarding the recoverable amount of the CGU. Consequently, we are unable to comment on the appropriateness of the assumptions for the projections used, or the consequential impairment provision, if any, that should be made in the Statement with regard to the aforementioned CGU.
Textual Information(37) NA
Textual Information(38) NA
Textual Information(39) The Kashipur cluster represents a key asset base for the company. Due to managements immediate focus being directed toward resolving urgent liquidity and operational issues, a formal technical impairment assessment under Ind AS 36 could not be completed in time. Management intends to initiate this evaluation as soon as regular operations settle down.
Textual Information(40) NA


Signatories detail

Name of CEO / Managing director NA
Name of CFO Jagdish Prasad Pandey
Name of audit committee chairman Sunil Ramsinghani
Name of statutory auditor Mahesh Solanki
Name of other signatory, if any, with designation NA
Place Indore
Date 30-05-2026