| Scrip Code | 500191 |
|---|---|
| NSE Symbol | HMT |
| MSEI Symbol | NOTLISTED |
| ISIN | INE262A01018 |
| Name of company | HMT 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 | 27-07-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-07-2026 |
| 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 | Food Processing Machinery |
| Start date and time of board meeting | 27-07-2026 15:00:00 |
| End date and time of board meeting | 27-07-2026 16:30:00 |
| 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 | No |
| (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 | 09-02-2026 |
| Indicate Company website link for updated RPT policy of the Company | https://www.hmtindia.com/policies/ |
| 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 |
| No | |
| 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 | 802.00 | 2,596.00 | |
| Other income | 1,259.00 | 5,791.00 | |
| Total income | 2,061.00 | 8,387.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 273.00 | 746.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 148.00 | 290.00 |
| (d) | Employee benefit expense | 135.00 | 596.00 |
| (e) | Finance costs | 6.00 | 8.00 |
| (f) | Depreciation, depletion and amortisation expense | 28.00 | 109.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1,638.00 | 4,800.00 |
| Total other expenses | 1,638.00 | 4,800.00 | |
| Total expenses | 2,228.00 | 6,549.00 | |
| 3 | Total profit before exceptional items and tax | (167.00) | 1,838.00 |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | (167.00) | 1,838.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 169.00 | 169.00 |
| 8 | Deferred tax | 0.00 | 0.00 |
| 9 | Total tax expenses | 169.00 | 169.00 |
| 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 | (336.00) | 1,669.00 |
| 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 | (336.00) | 1,669.00 |
| 17 | Other comprehensive income net of taxes | 2.00 | 6.00 |
| 18 | Total Comprehensive Income for the period | (334.00) | 1,675.00 |
| 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 | 35,560.00 | 35,560.00 | |
| 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 | -0.09 | 0.47 | |
| Diluted earnings (loss) per share from continuing operations | -0.09 | 0.47 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.09 | 0.47 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.09 | 0.47 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Note for Standalone Financial Results: 1 The above statement of audited standalone financial results of HMT Limited, which have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issed thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (“SEBI”) were reviewed. It may be noted that since currently there is one Independent Director on the Board of HMT Limited, the meeting of Board Level Audit Committee cannot be held due to lack of quorum. Accordingly, the results were directly placed in the Board Meeting held on July 27, 2026 were reviewed and approved by the Board of Directors in this meeting. 2 The Company furnishes standalone financial statements along with the consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the audited consolidated financial statements. Accordingly, the segment information is given in the audited consolidated financial results of HMT Limited and its subsidiaries for the quarter and year ended March 31, 2026 3 The Statutory Auditors have carried out an audit of the above results for the year ended March 31, 2026 and have issued a modified opinion on the same. A statement showing the impact of audit qualifications is being filed separately. 4 The figures for the fourth quarter (ending March 31, 2026) are the derived balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year. Also, the figures up to the end of the third quarter were only reviewed by an independent Chartered Accountant and not subjected to audit. 5 As per the CCEA Approval during 2015-16, the operations of the Subsidiary Company i.e. HMT Watches Ltd were closed and during current year, the Company has been struck off by the Register of Companies u/s 248 of the Companies Act, 2013, on 2nd March 2026.accordingly, the investment in HMT Watches has been de-recognised from the books of HMT Limited. 6 The Government of India has notified the four Labour Codes, collectively referred to as the New Labour Code on 21st�November 2025. The consequential effects covering the employee benefit obligations and related provisions, have been duly recognised based on the “guidance on the new labour codes” issued by the Institute of Chartered Accountants of India, in the Statement of Profit and Loss for the year ended and the Balance Sheet as at 31st March 2026. 7 Figures of previous period / year's have been regrouped wherever necessary to conform with current period / year's figures. * Subject to C&AG Review Note 1. The above is an extract of the detailed format of Quarterly and Yearly Financial Results filed with the Stock Exchanges under regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The full format of Quarterly and yearly Financial Results are available on the website of Stock Exchange i.e. www.nseindia.com and www.bseindia.com and on the Company’s website www.hmtindia.com 2. Figures of previous year have been regrouped wherever necessary *Subject to C&AG Review |
|---|
| 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 | 108.00 | |
| Capital work-in-progress | 0.00 | |
| Investment property | 548.00 | |
| 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 | 71,978.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 0.00 | |
| Other non-current financial assets | ||
| 1 | Other non-current financial assets | 190.00 |
| Total of other non-current financial assets | 190.00 | |
| Total non-current financial assets | 72,168.00 | |
| Deferred tax assets (net) | 59.00 | |
| Other non-current assets | ||
| 1 | Other non-current assets | 68.00 |
| Total of other non-current assets | 68.00 | |
| Total non-current assets | 72,951.00 | |
| 2 | Current assets | |
| Inventories | 962.00 | |
| Current financial asset | ||
| Current investments | 0.00 | |
| Trade receivables, current | 597.00 | |
| Cash and cash equivalents | 275.00 | |
| Bank balance other than cash and cash equivalents | 15,486.00 | |
| Loans, current | 36,431.00 | |
| Other current financial assets | ||
| Total of other current financial assets | 5,633.00 | |
| Total current financial assets | 58,422.00 | |
| Current tax assets (net) | 665.00 | |
| Other current assets | ||
| 1 | Other current assets | 2,714.00 |
| Total of other current assets | 2,714.00 | |
| Total current assets | 62,763.00 | |
| 3 | Non-current assets classified as held for sale | 296.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 1,36,010.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 35,560.00 | |
| Other equity | 13,607.00 | |
| Total equity attributable to owners of parent | 49,167.00 | |
| Non controlling interest | ||
| Total equity | 49,167.00 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 0.00 | |
| 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 | ||
| Total Trade payable | ||
| Other non-current financial liabilities | ||
| 1 | Other non-current financial liabilities | 8,129.00 |
| Total of other non-current financial liabilities | 8,129.00 | |
| Total non-current financial liabilities | 8,129.00 | |
| Provisions, non-current | 201.00 | |
| Deferred tax liabilities (net) | ||
| Deferred government grants, Non-current | ||
| Other non-current liabilities | ||
| Total of other non-current liabilities | ||
| Total non-current liabilities | 8,330.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 64,172.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 118.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 1,450.00 | |
| Total Trade payable | 1,568.00 | |
| Other current financial liabilities | ||
| 1 | Other current financial liabilities | 3,686.00 |
| Total of other current financial liabilities | 3,686.00 | |
| Total current financial liabilities | 69,426.00 | |
| Other current liabilities | 8,723.00 | |
| 1 | Other current liabilities | 8,723.00 |
| Total of other current liabilities | 8,723.00 | |
| Provisions, current | 364.00 | |
| Current tax liabilities (Net) | ||
| Deferred government grants, Current | ||
| Total current liabilities | 78,513.00 | |
| 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 | 86,843.00 | |
| Total equity and liabilites | 1,36,010.00 | |
| 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 | Amount of items that will not be reclassified to profit and loss | 1.00 | 5.00 |
| Total Amount of items that will not be reclassified to profit and loss | 1.00 | 5.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | (1.00) | (1.00) |
| 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 | 2.00 | 6.00 |
| 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 | 1,838.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 8.00 | |||||
| Adjustments for decrease (increase) in inventories | 286.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | 1,212.00 | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (48.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 109.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 80.00 | |||||
| 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 | 3,555.00 | |||||
| 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 | 0.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | 0.00 | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | (1,908.00) | |||||
| Net cash flows from (used in) operations | (70.00) | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 345.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | (415.00) | |||||
| 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 | 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 | 1,143.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | (595.00) | |||||
| Net cash flows from (used in) investing activities | 548.00 | |||||
| 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 | 58.00 | |||||
| Payments of lease liabilities | 0.00 | |||||
| Dividends paid | 0.00 | |||||
| Interest paid | 11.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) financing activities | (69.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | 64.00 | |||||
| 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 | 64.00 | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 211.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 275.00 | |||||
| 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 | Qualified opinion |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | M/s G R S M & Associates | Yes | 31-05-2027 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 8,386.98 | 8,386.98 |
| 2 | Total Expenditure | 6,548.98 | 6,548.98 |
| 3 | Net Profit/(Loss) | 1,674.65 | 1,674.65 |
| 4 | Earnings Per Share | 0.47 | 0.47 |
| 5 | Total Assets | 1,36,009.61 | 1,36,009.61 |
| 6 | Total Liabilities | 86,842.25 | 86,842.25 |
| 7 | Net Worth | 49,167.36 | 49,167.36 |
| Sr. | Details of Audit Qualification | Type of Audit Qualification | Frequency of qualification | For Audit Qualification(s) where the impact is quantified by the auditor | For Audit Qualification(s) where the impact is not quantified by the auditor | ||
|---|---|---|---|---|---|---|---|
| Management's Views | (i) Management's estimation on the impact of audit qualification | (ii) If management is unable to estimate the impact, reasons for the same | Auditors' Comments on (i) or (ii) above | ||||
| 1 | Textual Information(1) | Qualified opinion | Repetitive | Textual Information(2) | Textual Information(3) | Textual Information(4) | Textual Information(5) |
| 2 | Textual Information(6) | Qualified opinion | Repetitive | Textual Information(7) | Textual Information(8) | Textual Information(9) | Textual Information(10) |
| 3 | Textual Information(11) | Qualified opinion | Repetitive | Textual Information(12) | Textual Information(13) | Textual Information(14) | Textual Information(15) |
| 4 | Textual Information(16) | Qualified opinion | Whether appeared first time | Textual Information(17) | Textual Information(18) | Textual Information(19) | Textual Information(20) |
| 5 | Textual Information(21) | Qualified opinion | Repetitive | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Repetitive | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| 7 | Textual Information(31) | Qualified opinion | Repetitive | Textual Information(32) | Textual Information(33) | Textual Information(34) | Textual Information(35) |
| Textual Information(1) | 1. We draw attention to the audit report of Food Processing Machinery Unit, Aurangabad audited by M/S R. K. MULEY & CO., Chartered Accountants, which includes a qualification relating to inventory valuation. As stated in Note 2(ii)(j) of the Significant Accounting Policies, inventories of raw materials, stores, and spares are valued using the Weighted Average Cost method. However, the branch auditor was unable to verify the accuracy of rates and costs due to inadequate audit evidence. Consequently, we are unable to determine whether there is any material misstatement in the inventory valuation and its consequential impact, if any, on the financial statements. |
|---|---|
| Textual Information(2) | The inventory is valued using the weighted average cost method Considering the nature of the inventory and the records maintained, the management is of the view that the inventory balances disclosed in the financial statements represent the best estimate based on available records. |
| Textual Information(3) | NO |
| Textual Information(4) | NA |
| Textual Information(5) | NO |
| Textual Information(6) | 2. At the Auxiliary Business Company, Bengaluru, the Company has valued inventories based on the Chartered Valuer’s report without adequate supporting evidence for the rates used. This approach is inconsistent with the stated accounting policy of valuing raw materials, stores, and spares using the Weighted Average Cost method. In the absence of sufficient audit evidence and deviation from the stated policy, we are unable to determine whether adjustments, if any, are required to the reported inventory values. |
| Textual Information(7) | The inventories received from HMT Watches Ltd. during the year 2016 were segregated based on usability. Usable items are being utilised for manufacturing of watches, while non-usable items and items requiring further processing have been valued based on the lower of NRV/Fair Realisable Value. Inventories procured in recent years and watches assembled during FY 2025-26 have been valued considering material cost and conversion cost based on available records and management assessment. The valuation represents the best estimate of inventory value as at the reporting date. |
| Textual Information(8) | NO |
| Textual Information(9) | NA |
| Textual Information(10) | NO |
| Textual Information(11) | 1. The Auxiliary Business Company, Bengaluru is still in the process of reconciling the input tax credit under the Goods & Services Tax for the current as well as the past periods, as accounted in the books of accounts with the GST portal. Adjustment entries and reversal of ineligible input tax credit may be required upon completion of such reconciliation. In the absence of such reconciliation, we are unable to comment on the impact of the same on the result or financial position of the Company. |
| Textual Information(12) | Noted, the reconciliations with GSTR 2B will be completed before filing 9 & 9 C Forms (i.e. on or before 31.12.2026) and necessary adjustment entries if any, will be made as required |
| Textual Information(13) | NO |
| Textual Information(14) | NA |
| Textual Information(15) | NO |
| Textual Information(16) | 4. The Auxiliary Business Company, Bengaluru has not carried out the physical verification of Property, Plant and Equipment during the financial year 2025–26, although such verification was due as per its policy of verifying fixed assets once every three years. In the absence of physical verification, we were unable to obtain sufficient appropriate audit evidence regarding the existence and condition of the Property, Plant and Equipment. Consequently, we are unable to determine whether any adjustments are required to the carrying value of Property, Plant and Equipment and the related depreciation in the financial statements. |
| Textual Information(17) | Noted, The physical verification of all PPE will be carried out at the earliest, and in any case, before the finalization of the next audit |
| Textual Information(18) | NO |
| Textual Information(19) | NA |
| Textual Information(20) | NO |
| Textual Information(21) | 5. Ind AS 109 requires the application of an expected credit loss (ECL) model for measuring and recognising impairment of financial assets. However, based on the information and explanations provided, no ECL matrix was prepared during the audit period to determine the loss allowance. Consequently, we are unable to assess the potential impact, if any, on the Standalone Ind AS financial statements. |
| Textual Information(22) | The Auxiliary Business Company, Bengaluru, The trade receivables as at the reporting date are 37.10 lakh against annual turnover of 17.04 crore. Considering the low level of receivables, regular recovery pattern and management assessment of credit risk, the expected credit loss impact is not considered material. However, the Company is strengthening the ECL assessment and documentation process in line with the requirements of Ind AS 109. |
| Textual Information(23) | NO |
| Textual Information(24) | NA |
| Textual Information(25) | NO |
| Textual Information(26) | 6. No allowance for expected credit losses has been made in respect of a outstanding receivable from a subsidiary HMT Machine Tools Limited, which in our opinion has significant credit risk in view of the subsidiary’s continued losses and negative net worth. The non creation of the loss allowance results in overstatement of the assets and understatement of profit for the year to the extent of such loss, which is unascertained. |
| Textual Information(27) | HMT Machine Tools Limited has substantial land assets, the realizable value of which, even considering the applicable guidance value, is significantly higher than the outstanding receivable from the subsidiary. The management expects recovery of the outstanding amount from the proceeds arising out of monetisation of these land assets. Accordingly, based on the assessment of recoverability and available security in the form of underlying assets, no ECL provision is considered necessary at this stage. The position will continue to be reviewed periodically in accordance with the requirements of Ind AS 109. |
| Textual Information(28) | NO |
| Textual Information(29) | NA |
| Textual Information(30) | NO |
| Textual Information(31) | 7. The Company has not obtained external confirmations for trade receivables, trade payables, other current liabilities, and other current assets. In the absence of such confirmations and alternative audit procedures, we were unable to obtain sufficient appropriate audit evidence regarding the accuracy, completeness, and existence of these balances. Accordingly, we are unable to determine whether any adjustments are required in respect of these items. |
| Textual Information(32) | Letters were sent through e-mail and post to all parties requesting them to confirm the balance as on 31.03.2026. Reconciliations as per available records are carried out on an ongoing basis. Consequential adjustment and provision are made wherever required as per management assessment. |
| Textual Information(33) | NO |
| Textual Information(34) | NA |
| Textual Information(35) | NO |
| Name of CEO / Managing director | N Ramesh Kumar |
|---|---|
| Name of CFO | Aparna R |
| Name of audit committee chairman | Datania Dineshbhai Ramjibhai |
| Name of statutory auditor | Gopalkrishna Hegde |
| Name of other signatory, if any, with designation | |
| Place | Bengaluru |
| Date | 27-07-2026 |
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 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Loan | 1,763.00 | APPROVED | 1,763.00 | 27-07-2026 | 1,763.00 | 34,668.41 | 36,431.41 | ||||||||||||||
| 2 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Any other transaction | Interest Accrued & due on HC Loan | (50.00) | APPROVED | (50.00) | 27-07-2026 | (50.00) | 5,271.85 | 5,221.85 | |||||||||||||
| 3 | HMT LIMITED | SUDMO HMT Process Engineers (India) Ltd | Joint Venture | Advance | (1.85) | APPROVED | (1.85) | 27-07-2026 | (1.85) | 4.72 | 2.87 | ||||||||||||||
| 4 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Advance | 54.13 | APPROVED | 54.13 | 27-07-2026 | 54.13 | 1,418.42 | 1,472.55 | ||||||||||||||
| 5 | HMT LIMITED | HMT (INTERNATIONAL) LIMITED | SUBSIDIARY | Advance | (28.84) | APPROVED | (28.84) | 27-07-2026 | (28.84) | 235.14 | 206.30 | ||||||||||||||
| 6 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Any other transaction | Other Income | 1,228.52 | APPROVED | 1,228.52 | 27-07-2026 | 1,228.52 | 0.00 | 0.00 | |||||||||||||
| 7 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Any other transaction | Other Expenses | 1,228.52 | APPROVED | 1,228.52 | 27-07-2026 | 1,228.52 | 0.00 | 0.00 | |||||||||||||
| 8 | HMT LIMITED | HMT MACHINE TOOLS LIMITED | SUBSIDIARY | Any other transaction | Recovery of Expenses | 9.47 | APPROVED | 9.47 | 27-07-2026 | 9.47 | 0.00 | 0.00 | |||||||||||||
| 9 | HMT LIMITED | HMT (INTERNATIONAL) LIMITED | SUBSIDIARY | Any other transaction | Other Expenses | 29.85 | APPROVED | 29.85 | 27-07-2026 | 29.85 | 0.00 | 0.00 | |||||||||||||
| 10 | HMT LIMITED | HMT (INTERNATIONAL) LIMITED | SUBSIDIARY | Any other transaction | Recovery of Expenses | 14.56 | APPROVED | 14.56 | 27-07-2026 | 14.56 | 0.00 | 0.00 | |||||||||||||
| 11 | HMT LIMITED | S. KISHORE KUMAR | KMP | Remuneration | 10.22 | APPROVED | 10.22 | 27-07-2026 | 10.22 | 0.00 | 0.00 | ||||||||||||||
| 12 | HMT LIMITED | APARNA R | KMP | Remuneration | 8.15 | APPROVED | 8.15 | 27-07-2026 | 8.15 | 0.00 | 0.00 | ||||||||||||||
| 13 | HMT LIMITED | Datania Dineshbhai Ramjibhai | KMP | Any other transaction | Director's Sitting Fees | 1.28 | APPROVED | 1.28 | 27-07-2026 | 1.28 | 0.00 | 0.00 | |||||||||||||
| 14 | HMT LIMITED | Kartik Chandulal Bhadra | KMP | Any other transaction | Director's Sitting Fees | 1.50 | APPROVED | 1.50 | 27-07-2026 | 1.50 | 0.00 | 0.00 | |||||||||||||
| Total value of transaction during the reporting period | 4,268.51 | ||||||||||||||||||||||||