| 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 | Standalone |
| 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 13:00:00 |
| 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 |
| Whether the company has any related party? | Yes |
| Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? | Yes |
| (I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public | NA |
| (II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. | NA |
| Whether the company is a high value debt listed entity according to regulation 15 (1A)? | No |
| (a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication? | |
| (b) If answer to above question is No, please explain the reason for not complying. | |
| Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? | Yes |
| Latest Date on which RPT policy is updated | 12-11-2021 |
| Indicate Company website link for updated RPT policy of the Company | https://www.itiltd.in/Investor%20information/2022/ITI-%20Amended%20Policy%20on%20Related%20Party%20Transactions%20effective%20from%2012.11.2021.pdf |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | No |
| No. of times funds raised during the quarter | |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| 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 | Standalone | Standalone |
| 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 | 43,318.00 | 1,72,878.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (817.00) | 172.00 |
| (d) | Employee benefit expense | 2,991.00 | 14,601.00 |
| (e) | Finance costs | 4,543.00 | 19,693.00 |
| (f) | Depreciation, depletion and amortisation expense | 1,775.00 | 5,645.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 9,449.00 | 15,504.00 |
| 2 | Other Expenses | 0.00 | 0.00 |
| 3 | Other Expenses | 0.00 | 0.00 |
| 4 | Other Expenses | 0.00 | 0.00 |
| 5 | Other Expenses | 0.00 | 0.00 |
| 6 | Other Expenses | 0.00 | 0.00 |
| 7 | Other Expenses | 0.00 | 0.00 |
| 8 | Other Expenses | 0.00 | 0.00 |
| 9 | Other Expenses | 0.00 | 0.00 |
| 10 | Other Expenses | 0.00 | 0.00 |
| Total other expenses | 9,449.00 | 15,504.00 | |
| Total expenses | 66,402.00 | 2,39,348.00 | |
| 3 | Total profit before exceptional items and tax | (2,313.00) | (15,636.00) |
| 4 | Exceptional items | 45,904.00 | 44,915.00 |
| 5 | Total profit before tax | 43,591.00 | 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 | 43,591.00 | 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 | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 43,591.00 | 29,279.00 |
| 17 | Other comprehensive income net of taxes | (849.00) | (849.00) |
| 18 | Total Comprehensive Income for the period | 42,742.00 | 28,430.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 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 | 0.00 | |
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 4.53 | 3.04 | |
| Diluted earnings (loss) per share from continuing operations | 4.53 | 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 | 4.53 | 3.04 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 4.53 | 3.04 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| 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 | Standalone | |
| 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 | 41.00 | |
| Trade receivables, non-current | 8,486.00 | |
| Loans, non-current | 3,185.00 | |
| Other non-current financial assets | ||
| Total of other non-current financial assets | ||
| Total non-current financial assets | 11,712.00 | |
| Deferred tax assets (net) | 0.00 | |
| 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 | 2,53,307.00 | |
| 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 | 26,964.00 |
| Total of other current assets | 26,964.00 | |
| Total current assets | 6,55,136.00 | |
| 3 | Non-current assets classified as held for sale | 20,849.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 9,29,292.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 96,285.00 | |
| Other equity | 88,918.00 | |
| Total equity attributable to owners of parent | 1,85,203.00 | |
| Non controlling interest | ||
| Total equity | 1,85,203.00 | |
| 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 | ||
| (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 | Other non-current financial liabilities | 4,559.00 |
| Total of other non-current financial liabilities | 4,559.00 | |
| Total non-current financial liabilities | 10,523.00 | |
| Provisions, non-current | 2,918.00 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | 4,496.00 | |
| 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 | 2,85,603.00 | |
| Total Trade payable | 2,89,075.00 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 1,34,222.00 |
| Total of other current financial liabilities | 1,34,222.00 | |
| Total current financial liabilities | 4,99,791.00 | |
| Other current liabilities | 2,14,647.00 | |
| 1 | Other current liabilities | 2,14,647.00 |
| Total of other current liabilities | 2,14,647.00 | |
| Provisions, current | 11,714.00 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 7,26,152.00 | |
| 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 | 7,44,089.00 | |
| Total equity and liabilites | 9,29,292.00 | |
| Disclosure of notes on assets and liabilities | ||
| 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 | Standalone | Standalone | |||||
| 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 | |||||||
| 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 | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Income tax relating to items that will not be reclassified to profit or loss | (849.00) | (849.00) |
| Total Amount of items that will not be reclassified to profit and loss | (849.00) | (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 | ||
| 5 | Total Other comprehensive income | (849.00) | (849.00) |
| 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 | Standalone | ||||
| 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 | (16,348.00) | |||||
| 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 | 38,788.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (26,831.00) | |||||
| Net cash flows from (used in) operations | 2,448.00 | |||||
| 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 | (5,353.00) | |||||
| 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 | 88,420.00 | |||||
| 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 | (5,176.00) | |||||
| Net cash flows from (used in) investing activities | 84,188.00 | |||||
| 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 | (12,437.00) | |||||
| 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 | (12,437.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 14,877.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 2,440.00 | |||||
| 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 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 2,23,712.00 | 0.00 |
| 2 | Total Expenditure | 2,39,348.00 | 0.00 |
| 3 | Net Profit/(Loss) | 29,279.55 | 0.00 |
| 4 | Earnings Per Share | 3.04 | 0 |
| 5 | Total Assets | 19,14,866.00 | 0.00 |
| 6 | Total Liabilities | 17,29,626.00 | 0.00 |
| 7 | Net Worth | 1,85,204.00 | 0.00 |
| 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) |
| Textual Information(1) | The Company did not have adequate internal financial controls with reference to its financial statements as required by section 134 of the Companies Act, 2013, which may in turn result in errors and misstatements therein which may remain undetected and have a material impact thereof. This includes non-establishment of a sound information systems security policy and general controls interalia with adequate controls, safeguards and oversight over access, use of passwords, change management, modifications/edits made to data through the application or to the database/backend changes, with adequate audit trails and periodical reviews of the same |
|---|---|
| Textual Information(2) | NA |
| Textual Information(3) | Impact not ascertainable |
| Textual Information(4) | Company has initiated action plan for necessary compliance. However, impact is not ascertainable |
| Textual Information(5) | Impact not ascertainable |
| Textual Information(6) | The Company did not have adequate internal financial controls with reference to its financial statements as required by section 134 of the Companies Act, 2013, which may in turn result in errors and misstatements therein which may remain undetected and have a material impact thereof. This includes non-establishment of a sound information systems security policy and general controls interalia with adequate controls, safeguards and oversight over access, use of passwords, change management, modifications/edits made to data through the application or to the database/backend changes, with adequate audit trails and periodical reviews of the same. |
| Textual Information(7) | NA |
| Textual Information(8) | Impact not ascertainable at the moment |
| Textual Information(9) | Impact not ascertainable at the moment |
| 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 Krishnaraja Puram Bangalore to Central Taxes, department (GST), Government of India (GoI) at an agreed consideration of Rs. 91,431 lakhs and the consequent profit on sale thereof amounting to Rs. 83,219.21 lakhs, pursuant to an agreement to sell dated March 26, 2026, and approvals from Department of Telecommunications, Government of India for the sale. Pending receipt of balance consideration of Rs. 3,014 lakhs, pending execution of sale deed in favor of the buyer, pending (possession from the Central Tax department pending as at March 31, 2026) and bank release mortgage deed not received by the Company as at the year end, consequent transfer of control over the said property to the latter was not satisfied and accordingly the derecognition criteria laid down in IndAS-16 Property, Plant and Equipment (PPE) was not satisfied. Had the Company not recognized the said sale, Non - Current Assets held for sale would have reflected a balance of Rs. 8,011.79 lakhs, Other current assets would have been lower Rs. 3,011.02 lakhs, Loss for the year and Total comprehensive income (loss) would have been more by Rs. 83219.21 lakhs, Current Liabilities would have been more by Rs. 88419.98 lakhs, debit balance in Profit and Loss account would have been more by Rs. 88419.98 lakhs, Earnings per share would be lower at Rs. (8.65) as against the reported amount of Rs. 3.04 |
| Textual Information(12) | Management does not accept the view of auditors |
| Textual Information(13) | No impact |
| Textual Information(14) | NA |
| 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 report dated June 13, 2025, on the standalone financial statements for the financial year ended March 31, 2025, reported certain assets though put to use in prior years and not capitalized as Property Plant and Equipment (PPE)/Investment Property(IP). Further Company did not comprehensively identify all adjustments relating to prior years/periods during the financial years ended March 31, 2026 and March 31, 2025. During the year Company has made certain write off adjustments of identified old receivables/inventories amounting to Rs. 44,915.48 lakhs which is disclosed as exceptional items in the Statement of Profit and Loss. Consequently we are unable to ascertain the impact of all the adjustments to be made in terms of Prior period errors within the meaning of Ind AS 8 - Accounting Policies, Changes in Accounting estimates and Errors. The Company ought to have restated its prior years figures effecting its assets & liabilities as at March 31, 2025 and income & expenses for the year ended March 31, 2025 and opening balance sheet including equity as at April 1, 2024. Pending such comprehensive identification and want of full information, we are unable to quantify the impact/consequent disclosures on the above said periods and its impact on earnings per share for March 31, 2026 and March 31, 2025. |
| Textual Information(17) | NA |
| Textual Information(18) | Not ascertainable |
| Textual Information(19) | Not ascertainabl |
| 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 with the respective title deeds/ documents across various locations of the Company. Company has an independent list of land owned at various locations, wherein the respective title deeds are being corelated to the records maintained by civil engineering department. We have relied on the documents furnished for verification of title deeds and do not express an independent opinion on the same. Further, the auditors of Naini and Palakkad units have commented on the limitations in respect of title deeds of the units(Vinay Kumar & Co and Balaram & Nandakumar). |
| Textual Information(22) | NA |
| Textual Information(23) | Impact not ascertainable |
| Textual Information(24) | An appropriate coding/cross-referencing system is in the process of development to enable proper correlation between the records. However, impact not ascertainable at this stage. |
| Textual Information(25) | Impact not ascertainable |
| Textual Information(26) | Fixed asset records (FAR) maintained in excel sheets have inadequate description and location of assets, which in turn may impact the rate of depreciation to be applied and the consequent written down value of assets. The FAR is not updated for land held by the Company in Bangalore Plant Unit including revaluation amounts. Management has not assessed assets which are unserviceable / not in working condition and has not recognized any provision for diminution in value with respect to such assets. The Company has not made available records in support of physical verification of PPE carried. In the absence of such comprehensive data in FAR, documentation in support of physical verification carried out and adjustment of discrepancies, if any arising from reconciliation of the same with book records and non-identification of assets which are unserviceable / not in working condition, we are unable to comment on compliance with IndAS-16 Property, Plant and Equipment and IndAS 40 - Investment Property. |
| Textual Information(27) | NA |
| Textual Information(28) | Not ascertainable at this stage |
| Textual Information(29) | NA |
| Textual Information(30) | Impact not ascertainable |
| Textual Information(31) | Requisite details of certain land and buildings owned by the Company/taken on lease (sale/lease deed, location, purpose for which property is put to use, categorization between PPE and IP, whether any amortization of the same is required, income derived therefrom, etc.) were not furnished to us. The written down value of such assets as at March 31, 2026, aggregated to Rs. 18,438.55 lakhs. The Company has recognized income during the year and prior years for which either there were no rental agreements or agreements had expired pending renewal. The Company has not furnished required disclosures as per IndAS 40- Investment Property including the fair values (FV) of its IPs, the basis of determining its FV, rental income derived from such properties and direct operating expenses (including repairs and maintenance) arising from IP that generated rental income during the year etc. In the absence of sufficient appropriate audit evidence, we are unable to ascertain impact, if any, on the Standalone Financial Results. |
| Textual Information(32) | NA |
| Textual Information(33) | Not ascertainable at this stage |
| Textual Information(34) | Process is noted for compliance and the details are being ascertained in this regard in comprehensive manner for detailed review and assessment. However impact not ascertainable. |
| Textual Information(35) | Impact not ascertainable |
| Textual Information(36) | In terms of the Material Accounting Policies, the Company has not provided any documentation in support of the evaluation carried out to test for impairment of assets in compliance with IndAS 36 Impairment of Assets. Accordingly, we are unable to satisfy ourselves whether any provision for impairment of assets is required to be recognized in these Standalone Financial Results. |
| Textual Information(37) | NA |
| Textual Information(38) | Impact not ascertainable |
| Textual Information(39) | Company has initiated action plan for necessary respective complainces. However, impact not ascertainable at this point |
| Textual Information(40) | Impact not ascertainable |
| Textual Information(41) | Unrealized gains/losses on laptops produced by the Palakkad unit of the Company and transferred to other units for captive use have not been assessed and eliminated. In the absence of sufficient appropriate audit evidence, effect on Standalone Financial Results could not be ascertained. |
| Textual Information(42) | NA |
| Textual Information(43) | Impact not ascertainable |
| Textual Information(44) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(45) | Impact not ascertainable |
| Textual Information(46) | Internally developed software by a unit of the Company for captive use has not been evaluated for recognition in terms of IndAS 38 - Intangible Assets and measured, if required. In the absence of sufficient appropriate audit evidence, effect on Standalone Financial 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 respective complainces. However, impact not ascertainable at this point |
| 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 the meaning of IndAS 116 Leases and has consequently not adopted the principles of recognition, measurement and disclosure contemplated therein, contrary to accounting policy but has expensed off/recognized as income in the Statement of Profit and Loss as per contractual terms. Security deposits paid/received thereon have not been recognized in the Statement of Profit and Loss in accordance with Ind AS 109 Financial Instruments. In the absence of sufficient and appropriate evidence, we are unable to ascertain impact if any on the Standalone Financial Results |
| Textual Information(52) | NA |
| Textual Information(53) | Impact not ascertainable |
| Textual Information(54) | Company has initiated action plan for necessary respective complainces. However, impact not ascertainable at this point |
| Textual Information(55) | Impact not ascertainable |
| Textual Information(56) | The Company did not have a system of appropriating payments received against specific bills raised and only maintains a running account of bills raised and payments received. Consequently, the Company has furnished, based on excel workings, age-wise data in respect of trade receivables as mandated by schedule III, part II to the Companies Act, 2013. We could not independently validate the ageing data so furnished with the books of account. The Company did not furnish bill-wise breakup for certain trade receivables. Further, the Company did not obtain confirmation of balances / statements of account for its trade receivables. The Company has not assessed and recognized the quantum of expected credit loss in terms of IndAS 109 Financial Instruments and has not furnished the requisite disclosures required in respect thereof. The Company did not furnish us requisite analysis/breakup of unbilled revenue of Rs. 2,24,111.29 lakhs identifying the milestones to be achieved before the same can be billed, the further costs yet to be incurred to achieve such milestones and the estimate of likely costs of rework/modifications that is to be incurred in the process of achieving certification from its customers. In the absence of sufficient and appropriate evidence, we are unable to ascertain impact if any on the Standalone Financial Results |
| Textual Information(57) | NA |
| Textual Information(58) | Impact not ascertainable |
| Textual Information(59) | Company has initiated action plan for necessary respective complainces. However, impact not ascertainable at this poin |
| Textual Information(60) | Impact not ascertainable |
| Textual Information(61) | The Company has several old balances in various receivable accounts in the nature of deposits, claims recoverable and other receivables (both current/non current) including certain receivables which are disputed amounting to Rs. 3589.05 lakhs (after write off Rs. 3426.06 lakhs during the year), which are long outstanding and with no adequate supporting. The Company has also not obtained confirmation of balances/ statements of account / reconciliation with books of accounts/ not assessed and recognized the quantum of expected credit loss in terms of IndAS 109 - Financial Instruments. In the absence of sufficient and appropriate evidence, we are unable to ascertain impact if any on the Standalone Financial Results |
| Textual Information(62) | NA |
| Textual Information(63) | Impact not ascertainable |
| Textual Information(64) | Company has initiated action plan for necessary respective complainces. However, impact not ascertainable at this point |
| Textual Information(65) | Impact not ascertainable |
| Textual Information(66) | The Company had received soft loan from the Government of India in the financial year 2014-15 of Rs. 30,000 lakhs carrying interest at the rate of 1%. This loan was not recognized at fair value after considering the market borrowing rate. The Company has not identified financial assets and financial liabilities within the meaning of IndAS 109 and has consequently not adopted the principles of recognition, measurement and disclosure contemplated therein. In the absence of sufficient and appropriate evidence, we are unable to ascertain impact if any on the Standalone Financial Results. |
| Textual Information(67) | NA |
| Textual Information(68) | Impact not ascertainable |
| Textual Information(69) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(70) | Impact not ascertainable |
| Textual Information(71) | The Company did not carry out physical verification of inventory at all locations, in the absence of which excess/shortages as compared to book records were not assessed. Inventories with book value of Rs. 20,570.75 lakhs (after certain adjustments-write down of inventories amounting to Rs. 2,656.59 lakhs during the current year), lying in the various sites/outside locations/stores for which assessment of net realizable value as at March 31, 2026, was not made available. The Companys inventories include old and nonmoving items and has not carried out any ageing, usefulness and serviceability assessment to ascertain obsolete inventories, if any. List of inventories was not furnished to confirm its bifurcation into raw materials, components, stores, work in process, manufactured components, finished goods, material in transit and goods pending inspection along with requisite quantitative stock reconciliation statements. We could not independently validate the stock records with valuation made by the Company with supporting documents. We have not been able to independently verify and ensure compliance with IndAS 2- Inventories. |
| Textual Information(72) | NA |
| Textual Information(73) | Impact not ascertainable |
| Textual Information(74) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(75) | Impact not ascertainable |
| Textual Information(76) | In the absence of complete details/nature and ageing of each amounts payable, reasons for their pendency, reasons for non-claim by parties where applicable, confirmations/statements of account/reconciliations prepared of certain liabilities (both current/non-current) and advances received from customers of Rs. 1,71,366.66 lakhs, we have not obtained sufficient appropriate audit evidence and are unable to comment on its completeness/ accuracy. The data regarding ageing of trade payables and other liabilities is as furnished by the management and in absence of bill-wise breakup, we are unable to independently validate the same. |
| Textual Information(77) | NA |
| Textual Information(78) | Impact not ascertainable |
| Textual Information(79) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(80) | Impact not ascertainable |
| Textual Information(81) | Disclosure of information pertaining to dues to micro and small enterprises in terms of the Micro, Small and Medium Enterprises Development Act, 2006 and pending identification of such vendors and its account balances, seeking confirmation of balances/reconciliation of transactions entered along with and consequential non-provision for interest, if any, in terms of section 23 of the said act, we have not obtained sufficient appropriate audit evidence 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 respective compliances. However, impact not ascertainable at this point |
| 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 Financial Instruments in respect of its financial assets and liabilities which are receivable/payable beyond a period of 12 months from the date of initial recognition (examples: certain employee receivables, retention money payable, security deposits accepted/paid, etc.) for the purposes of determination of amortized costs and amortization/recognition of expenses/income of the differential between amortized cost and contractual amounts payable/receivable |
| Textual Information(87) | NA |
| Textual Information(88) | Impact not ascertainable |
| Textual Information(89) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(90) | Impact not ascertainable |
| Textual Information(91) | The Companys contribution to ITI Employees Provident Fund Trust (PF Trust) as detailed in its Material Accounting Policies has been considered as a defined contribution plan and not as a defined benefit plan, both for the current and prior years. Accordingly, the liability to the trust ought to have been evaluated actuarily and recognized rather than at 12% of the eligible salaries to be made over during the year. Consequent disclosures required in terms 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(95) | Impact not ascertainable |
| Textual Information(96) | The Company has not reconciled its books of accounts with its GST returns (GSTR- 1/3B/2A/2B/6/7/7A/9&9C) and various forms as applicable filed/to be filed across all its registrations (includes turnover, exempt turnover, taxes payable, input tax credit available/availed and tax deducted at source). Several cross charges between the units of the Company with different registrations taken by the Company also could not be validated in terms of the GST law. The Company has not segregated the goods and service portions of the advances received based on respective contracts and remitted GST liability on the service portion of the same. Pending such bifurcation, we are unable to ascertain the quantum of GST liability on advances payable and required provision along for interest payable. The company has not ascertained comprehensively the reversal of GST input and interest thereon on account of non-payment of vendors before 180 days and on adjustments made for obsolescence of inventories. Reconciliation for the current year between its books of account and returns for each registration has also not been furnished to us. Company has also not assessed any interest / penalty payable, if any, for all the noncompliances identified 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 respective compliances. However, impact not ascertainable at this point |
| 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 portal website with its books of account for the current and prior years. The company has not 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(105) | Impact not ascertainable |
| Textual Information(106) | The Company has reported to the extent ascertained of its contingent liabilities/ legal/ arbitration cases and capital commitments as detailed in Consolidated Financial Results. In the absence of full and comprehensive list across all divisions/units/ROs/Corporate office of the Company with testing of the probability of the liability devolving supported with appropriate legal advice wherever required, we are unable to ascertain the completeness/accuracy of the values reported in the said note and any provisions that may be 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(110) | Impact not ascertainable |
| Textual Information(111) | The Company has not identified warranty obligations as a distinct performance obligation within the meaning of IndAS 115 Revenue from contracts with customers but recognizes the same as and when obligations arise on the plea that it generally has a back-to-back claims against its vendors. The Company has not provided us with the requisite documentation 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(115) | Impact not ascertainable |
| Textual Information(116) | The Company has reported various bank balances as at the reporting date; however, direct balance confirmations from the banks were not received in respect of certain banks. We have 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(120) | Impact not ascertainable |
| Textual Information(121) | The Company entered into multiple composite contracts with certain customers for planning, engineering, construction, upgradation, supply, installation, commissioning, testing and annual maintenance, involving substantial amounts. In these cases, the Company has recognized revenue (including unbilled portions) for the supply of goods to customers based on dispatches and for services rendered, wherever completed by it, as at the year end and unbilled portions of revenue recognised based on assessment of work completed and corresponding costs incurred. The Company has not furnished us with the requisite documentation substantiating compliance with the preconditions for recognizing revenue including unbilled portion in terms of Ind AS 115-Revenue from Contracts with Customers and passing of controls to the latter over the goods and services. The Company has also not assessed probable losses which it might incur on account of cost overruns, liquidated damages, warranty expenses and additional cost to be incurred in the completion of services, requiring recognition. b. The Company is in the process of assessing certain changes in various terms of certain select contracts involving procurement of goods and services. Pending such exercise, and finalization of the said matters/ entering into revised contracts/ issuing amendments of purchase orders, effects on costs, incurred or to be incurred in respect of each such contracts/ amendments/ revised purchase orders are not assessed at this stage. Further, the Company has not furnished clear details/ breakups of unbilled payables recorded in the books of accounts. Due to such matters, effect on the statement, if any, could not be ascertained. c. Attention is invited to foot note of Note 11 of the Standalone Financial Results where in the Company has enumerated the status of a contract with Ministry of Defense, Government of India, for supply and establishment of Army Static Switched Communication Network (ASCON) at an agreed consideration. In terms of the said contract, the Company was to mandatorily demonstrate its complete solution to bring out its capabilities vis--vis the requirements of the customer, which would be evaluated by the latter and form an essential part of the test bed evaluation process. We were informed for the reasons stated in the said note that the test best approval was awaited as at March 31, 2026, which is expected upon completion of certain activities as detailed therein. The Company has proceeded with part execution of thecontract pending test bed final approval and in the opinion of the management of the Company is not impacting the revenue already recognized up to March 31, 2026, to an 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 respective compliances. However, impact not ascertainable at this point |
| 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 this report. Accordingly, we could not perform subsequent events review and relied on certain management representations. |
| Textual Information(127) | NA |
| Textual Information(128) | Impact not ascertainable |
| Textual Information(129) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(130) | Impact not ascertainable |
| Textual Information(131) | The Company follows the process of recording interunit transactions which are identified manually, and we have relied on the entries passed in the books of accounts. There are inherent limitations in identifying and tracing such entries in the books of accounts with actual transactions happened during the year. Further the Company is also in process of reconciling the inter unit transactions pending reconciliation, an amount of Rs. 1,748.64 lakhs has been adjusted in Statement of Audited Financial Results under the head Cost of material consumed of the Standalone Financial Results. Accordingly, we are unable to independently 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(135) | Impact not ascertainable |
| Textual Information(136) | The Company has reported certain non-compliances with various provisions of the SEBI Listing Regulations/the Act interalia in respect of quorum for board meetings, noncompliance with the constitution of audit and risk management committees, specified proportion/ number of independent directors. Consequential non compliance of such provisions and its effect on Standalone Financial Results is not known including nonprovision for 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 respective compliances. However, impact not ascertainable at this point |
| 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 of Financial Statements as of March 31, 2025, regarding certain old balances carried forward in various assets and liabilities, where in management has not furnished us the composition 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 respective compliances. However, impact not ascertainable at this point |
| Textual Information(145) | Impact not ascertainable |
| Textual Information(146) | Reference is drawn to note 16 of Standalone Financial results where in the Company has classified certain items as Exceptional Items which are not in accordance with the IndAS 1 Presentation of Financial Statements. In the absence of adequate information and documentation we are unable to comment on the correctness of the amounts reported therein. |
| Textual Information(147) | NA |
| Textual Information(148) | Impact not ascertainable |
| Textual Information(149) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(150) | Impact not ascertainable |
| Textual Information(151) | Company has not furnished adequate details/reconciliation regarding the classification of current and non current portions of employee benefits which includes gratuity, LTC and earned leave liabilities across all units, regional offices and corporate office as per actuary and the books of accounts. Accordingly we are unable to comment on the correctness of the provisions reported there under including the charge to the Consolidated Results for the year ended March 31, 2026 (including those reported under Other Comprehensive Income |
| Textual Information(152) | NA |
| Textual Information(153) | Impact not ascertainable |
| Textual Information(154) | Company has initiated action plan for necessary respective compliances. However, impact not ascertainable at this point |
| Textual Information(155) | Impact not ascertainable |
| 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 |
Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter) |
| Sr No. | Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. | ||||||||||||||||||||||||
| Details of the party (listed entity/subsidiary) entering into the transaction | Details of the counterparty | Type of related party transaction | Details of other related party transaction | Value of the related party transaction as approved by the audit committee | Remarks on approval by audit committee | Value of the related party transaction ratified by the audit committee | Date of Audit Committee Meeting where the ratification was approved | Value of transaction during the reporting period | In case monies are due to either party as a result of the transaction | In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments | Details of the loans, inter-corporate deposits, advances or investments | Notes | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | PAN | Name | PAN | Relationship of the counterparty with the listed entity or its subsidiary | Opening balance | Closing balance | Nature of indebtedness (loan/ issuance of debt/ any other etc.) | Details of other indebtedness | Cost | Tenure | Nature (loan/ advance/ intercorporate deposit/ investment ) | Interest Rate (%) | Tenure | Secured/ unsecured | Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) | ||||||||||
| 1 | ITILTD | RAJESH RAI | Chairman and Managing Director | Remuneration | 31.12 | NA | 31.12 | 28-05-2026 | 31.12 | 21.36 | 9.76 | ||||||||||||||
| 2 | ITILTD | CV RAMANA BABU | Director Marketing Additional charge of Director Finance | Remuneration | 46.04 | NA | 46.04 | 28-05-2026 | 46.04 | 24.23 | 21.81 | ||||||||||||||
| 3 | ITILTD | S Jeyanth | Director production | Remuneration | 28.42 | NA | 28.42 | 28-05-2026 | 28.42 | 14.85 | 13.57 | ||||||||||||||
| 4 | ITILTD | Y Sathyan | Company Secretary | Remuneration | 19.04 | NA | 19.04 | 28-05-2026 | 19.04 | 10.27 | 8.70 | ||||||||||||||
| 5 | ITILTD | GOPINATH SAHU | Independent Director | Remuneration | 2.55 | NA | 2.55 | 28-05-2026 | 2.55 | 0.90 | 1.65 | ||||||||||||||
| 6 | ITILTD | India Satcom Limited | Joint Venture | Investment | 40.55 | NA | 40.55 | 28-05-2026 | 40.55 | 40.55 | 40.55 | ||||||||||||||
| Total value of transaction during the reporting period | 167.72 | ||||||||||||||||||||||||