| Scrip code | 540083 |
|---|---|
| NSE Symbol | TVVISION |
| MSEI Symbol | NOTLISTED |
| ISIN | INE871L01013 |
| Name of Company | TV Vision 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 | 27-05-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 22-05-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Fourth quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Audited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Audited |
| Segment Reporting | Single segment |
| Description of single segment | Broadcasting |
| Start date and time of board meeting | 27-05-2026 12:15:00 |
| End date and time of board meeting | 27-05-2026 14:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Statement on impact of audit qualification |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-01-2026 | 01-04-2025 |
| B | Date of end of reporting period | 31-03-2026 | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited | Audited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Revenue From Operations | ||
| Revenue from operations | 15.47 | 1,415.09 | |
| Other income | 2.83 | 9.81 | |
| Total Income | 18.30 | 1,424.90 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 76.11 | 1,600.60 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 19.22 | 229.39 |
| (e) | Finance costs | 9.59 | 34.23 |
| (f) | Depreciation and amortisation expense | 362.97 | 1,474.17 |
| (g) | Other Expenses | ||
| 1 | Other Expenses | 879.77 | 1,535.30 |
| Total other expenses | 879.77 | 1,535.30 | |
| Total expenses | 1,347.66 | 4,873.69 | |
| 3 | Profit before exceptional and extraordinary items and tax | (1,329.36) | (3,448.79) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Profit before extraordinary items and tax | (1,329.36) | (3,448.79) |
| 6 | Extraordinary items | 0.00 | 0.00 |
| 7 | Profit before tax | (1,329.36) | (3,448.79) |
| 8 | Tax Expense | ||
| Current tax | 0.00 | (0.15) | |
| Deferred tax | 0.00 | 0.00 | |
| Total tax expenses | 0.00 | (0.15) | |
| 9 | Net Profit Loss for the period from continuing operations | (1,329.36) | (3,448.64) |
| 10 | Profit (loss) from discontinuing operations before tax | 0.00 | 0.00 |
| 11 | Tax expense of discontinuing operations | 0.00 | 0.00 |
| 12 | Net profit (loss) from discontinuing operation after tax | 0.00 | 0.00 |
| 13 | Profit (loss) for period before minority interest | (1,329.36) | (3,448.64) |
| 14 | Share of profit (loss) of associates | 0.00 | 0.00 |
| 15 | Profit (loss) of minority interest | 0.00 | 0.00 |
| 16 | Net profit (Loss) for the period | (1,329.36) | (3,448.64) |
| 17 | Details of equity share capital | ||
| Paid-up equity share capital | 3,874.45 | 3,874.45 | |
| Face value of equity share capital | 10 | 10 | |
| 18 | Reserves excluding revaluation reserve | (21,699.99) | |
| 19 | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -3.43 | -8.9 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -3.43 | -8.9 | |
| 20 | Debt equity ratio | ||
| 21 | Debt service coverage ratio | ||
| 22 | Interest service coverage ratio | ||
| 23 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The above Standalone and Consolidated Audited Financial Results of the Company have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on Wednesday, May 27th, 2026. The Statutory Auditors have carried out the Audit of these Standalone and Consolidated Audited Financial Results for the quarter and year ended March 31, 2026 and the same are made available on website of the company www.tvvision.in and website of BSE Limited www.bseindia.com and National Stock Exchange of India Limited on www.nseindia.com where shares of the Company are listed. 2. The Standalone and Consolidated Audited Financial Results for the quarter and Year ended March 31, 2026, have been prepared in accordance with recognition and measurement principles laid down in the Indian Accounting Standards Ind AS prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. 3. The Company is operating in a single segment viz. Broadcasting. Hence the results are reported on a single segment basis. 4. The account of the company has been classified as non performing asset by banks in the previous financial years and the banks have not charged the interest or reversed the unpaid interest charged from the date the account has been classified as non-performing. No provision has been made in the books of accounts maintained by the Company for interest or penal interest, if any, on these term loans for the quarter and year ended March 31, 2026 and in previous financial years. Further, no provision for interest, penal interest, if any, on such term loans has been made in books of accounts, from the date the account of the Company has been classified as non performing in the books of those banks. 5. During the year ended March 31, 2026, the Company has received a copy of a petition filed by one of its creditors before the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench. The impact, if any, of the said petition on the financial results of the Company for the year ended March 31, 2026 is presently unascertainable. 6. Previous year’s or period’s figures have been re-grouped or re-arranged or reclassified or reworked wherever necessary to conform with the current year accounting treatment. |
|---|
| 20 | Debt equity ratio | |
|---|---|---|
| 21 | Debt service coverage ratio | |
| 22 | Interest service coverage ratio |
| A | Date of start of reporting period | 01-04-2025 |
|---|---|---|
| B | Date of end of reporting period | 31-03-2026 |
| C | Whether results are audited or unaudited | Audited |
| D | Nature of report standalone or consolidated | Consolidated |
| 1 | Statement of cash flows | |
| Cash flows from used in operating activities | ||
| Profit before extraordinary items and tax | (3,448.79) | |
| 2 | Adjustments for reconcile profit (loss) | |
| Adjustments to profit (loss) | ||
| Adjustments for finance costs | 34.23 | |
| Adjustments for depreciation and amortisation expense | 1,474.17 | |
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 2.99 | |
| Adjustments for unrealised foreign exchange losses gains | 0.00 | |
| Adjustments for dividend income | 0.00 | |
| Adjustments for share-based payments | 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 to profit (loss) | 1,511.39 | |
| 3 | Adjustments for working capital | |
| Adjustments for decrease (increase) in inventories | 0.00 | |
| Adjustments for decrease (increase) in trade receivables | 979.41 | |
| Adjustments for decrease (increase) in other current assets | 1,358.57 | |
| Adjustments for increase (decrease) in trade payables | 202.05 | |
| Adjustments for increase (decrease) in other current liabilities | (230.58) | |
| Adjustments for provisions | 0.00 | |
| Total adjustments for working capital | 2,309.45 | |
| Total adjustments for reconcile profit (loss) | 3,820.84 | |
| Net cash flows from (used in) operations | 372.05 | |
| Dividends received | 0.00 | |
| Interest paid | 0.00 | |
| Interest received | 0.00 | |
| Income taxes paid (refund) | 6.95 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) operating activities before extraordinary items | 365.10 | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) operating activities | 365.10 | |
| 4 | 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 | 1.56 | |
| Proceeds from sales of intangible assets | 0.00 | |
| Purchase of intangible 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 | 0.00 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Proceeds from government grants | 0.00 | |
| Net cash flows from (used in) investing activities before extraordinary items | (1.56) | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) investing activities | (1.56) | |
| Cash flows from used in financing activities | ||
| Proceeds from issuing shares | 0.00 | |
| Proceeds from issuing other equity instruments | 0.00 | |
| Proceeds from issuing debentures notes bonds etc | 0.00 | |
| Proceeds from borrowings | 0.00 | |
| Repayments of borrowings | 429.53 | |
| Dividends paid | 0.00 | |
| Interest paid | 34.23 | |
| Income taxes paid (refund) | 0.00 | |
| Other inflows (outflows) of cash | 0.00 | |
| Net cash flows from (used in) financing activities before extraordinary items | (463.76) | |
| Proceeds from extraordinary items | 0.00 | |
| Payment for extraordinary items | 0.00 | |
| Net cash flows from (used in) financing activities | (463.76) | |
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (100.22) | |
| 6 | 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 | (100.22) | |
| Cash and cash equivalents cash flow statement at beginning of period | 108.63 | |
| Cash and cash equivalents cash flow statement at end of period | 8.41 | |
| Particulars | Year ended (dd-mm-yyyy) | ||
|---|---|---|---|
| Date of start of reporting period | 01-04-2025 | ||
| Date of end of reporting period | 31-03-2026 | ||
| Whether results are audited or unaudited | Audited | ||
| Nature of report standalone or consolidated | Consolidated | ||
| Equity and liabilities | |||
| 1 | Shareholders' funds | ||
| Share capital | 3,874.45 | ||
| Reserves and surplus | (21,699.99) | ||
| Money received against share warrants | 0.00 | ||
| Total shareholders' funds | (17,825.54) | ||
| 2 | Share application money pending allotment | 0.00 | |
| 3 | Deferred government grants | 0.00 | |
| 4 | Minority interest | 0 | |
| 5 | Non-current liabilities | ||
| Long-term borrowings | 0.00 | ||
| Deferred tax liabilities (net) | 0.00 | ||
| Foreign currency monetary item translation difference liability account | 0.00 | ||
| Other long-term liabilities | |||
| Total of Other long-term liabilities | |||
| Long-term provisions | 0.00 | ||
| Total non-current liabilities | 0.00 | ||
| 6 | Current liabilities | ||
| Short-term borrowings | 292.69 | ||
| Trade Payables | |||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | ||
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 6,141.62 | ||
| Total Trade payable | 6,141.62 | ||
| Other current liabilities | |||
| 1 | Other Financial Liabilities | 10,700.49 | |
| 2 | Other Current Liabilities | 281.53 | |
| Total of Other long-term liabilities | 10,982.02 | ||
| Short-term provisions | 2,216.06 | ||
| Total current liabilities | 19,632.39 | ||
| Total equity and liabilities | 1,806.85 | ||
| Assets | |||
| 1 | Non-current assets | ||
| i | Property, Plant and Equipment and Intangible assets | ||
| Property, Plant and Equipment | 0.00 | ||
| Producing properties | 0.00 | ||
| Intangible assets | 1,250.39 | Preproducing properties | 0.00 |
| Property, Plant and Equipment capital work-in-progress | 0.00 | ||
| Intangible assets under development or work-in-progress | 0.00 | ||
| Total Property, Plant and Equipment and Intangible assets | 1,250.39 | ||
| ii | Non-current investments | 0.00 | |
| v | Deferred tax assets (net) | 0.00 | |
| vi | Foreign currency monetary item translation difference asset account | 0.00 | |
| vii | Long-term loans and advances | 1.62 | |
| Other non-current assets | |||
| 1 | Other Non-Current Assets | 420.45 | |
| Total of Other non-current assets | 420.45 | ||
| Total non-current assets | 1,672.46 | ||
| Current assets | |||
| Current investments | 0.00 | ||
| Inventories | 0.00 | ||
| Trade receivables | 1.51 | ||
| Cash and cash equivalents | 8.43 | ||
| Bank balance other than cash and cash equivalents | 0.00 | ||
| Short-term loans and advances | 0.00 | ||
| Other current assets | |||
| 1 | Other Financial Assets | 98.52 | |
| 2 | Other Current Assets | 25.93 | |
| Total of Other current assets | 124.45 | ||
| Total current assets | 134.39 | ||
| Total assets | 1,806.85 | ||
| Disclosure of notes on assets and liabilities | Textual Information(1) | ||
| Textual Information(1) | The documents upon which the Company relies for the purpose of finalisation of accounts doesnt indicate charge of any interest, penal interest. Accordingly, no provision is made in the Profit and Loss account of the Company. |
|---|
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-01-2026 | 01-04-2025 | |||||
| Date of end of reporting period | 31-03-2026 | 31-03-2026 | |||||
| Whether results are audited or unaudited | Audited | Audited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | |||||||
| Net Segment Asset | |||||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | |||||||
| Net Segment Liabilities | |||||||
| Disclosure of notes on segments | |||||||
| 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. P. Parikh & Associates | Yes | 29-02-2028 | ||
|---|---|---|---|---|---|
| Sr. | Particulars | Audited Figures (as reported before adjusting for qualifications) | Adjusted Figures (audited figures after adjusting for qualifications) |
|---|---|---|---|
| 1 | Turnover / Total income | 1,424.90 | 1,424.90 |
| 2 | Total Expenditure | 4,873.68 | 8,739.65 |
| 3 | Net Profit/(Loss) | (3,448.78) | (7,314.75) |
| 4 | Earnings Per Share | -8.9 | -18.88 |
| 5 | Total Assets | 1,806.85 | 556.46 |
| 6 | Total Liabilities | 19,632.39 | 22,247.97 |
| 7 | Net Worth | (17,825.54) | (21,691.51) |
| 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 | Whether appeared first time | Textual Information(22) | Textual Information(23) | Textual Information(24) | Textual Information(25) |
| 6 | Textual Information(26) | Qualified opinion | Whether appeared first time | Textual Information(27) | Textual Information(28) | Textual Information(29) | Textual Information(30) |
| Textual Information(1) | i. Non Provision of Interest on loan During the financial year 202526, the Company received a copy of a petition filed by Punjab National Bank PNB, one the secured lenders of the Company, before the Hon'ble National Company Law Tribunal NCLT, Mumbai Bench under Section 7 of the Insolvency and Bankruptcy Code, 2016 seeking initiation of Corporate Insolvency Resolution Process CIRP against the Company. As per the said petition, the amount claimed by PNB and outstanding from the Company as on December 31, 2025 is Rs. 294.43 crores, whereas the outstanding balance appearing in the books of account of the Company as on March 31, 2026 is Rs. 98.94 crores. The difference of Rs.195.50 crores primarily represent interest not recognized by the Company in the current and earlier financial years which also includes interest of Rs. 26.16 crores pertaining to the financial year 202526 from April 1, 2025 to December 31, 2025. Consequently, finance costs for the year ended March 31,2026 are understated by at least Rs. 26.16 crores and accumulated losses, other equity and financial liabilities as at March 31, 2026 are understated by at least Rs. 195.50 crores. The impact, if any, arising on account of interest for the period January 1, 2026 to March 31, 2026 could not be determined. Further, such loan outstanding balances of all secured lenders as per the books of accounts are subject to confirmation, reconciliation with the balances as per banks as on March 31, 2026. |
|---|---|
| Textual Information(2) | The documents upon which the Company relies for the purpose of finalisation of accounts doesnt indicate charge of any interest, penal interest. Accordingly, no provision is made in the Profit and Loss account of the Company. |
| Textual Information(3) | NA |
| Textual Information(4) | NA |
| Textual Information(5) | NA |
| Textual Information(6) | ii. Impairment in the value of intangible business and commercial rights and channel development cost. The aggregate carrying value of Business and Commercial Rights in the books of the Company as on March 31, 2026 is Rs. 1,250.39 Lakhs. There is no revenue generation from monetization of these assets during the quarter and the year ended March 31, 2026 due to which the Company has incurred substantial losses during the quarter and year ended March 31, 2026 and previous financial years. There is a strong indication of impairment in the value of these Business and Commercial Rights and therefore we are of the opinion that the impairment loss of Rs. 1,250.39 Lakhs should be provided on all such assets in the books of accounts of the Company as on March 31, 2026. The assets of the Company are overstated and net loss for the quarter and the year ended March 31, 2026 is understated to that extent. |
| Textual Information(7) | The Management of the company does not anticipate any impairment in the value of Intangible Business and Commercial Rights and related media assets as management consider that Rights, assets can be commercially exploited in different ways to generate the revenue. Management is in continuous process of generating revenue from exploitation of rights in different ways. Management estimates that decline in revenue in recent past is temporary in nature which have potential to get regularized in near future. Management further estimates that the said assets, during their useful life, will be able to generate discounted cash flow at least equal to the present value of rights, assets in the books. The nature of assets is such that revenue generated from it is unevenly spread during the useful life of assets. The company is in process of forming a technical team of experienced persons to estimate the value in use. |
| Textual Information(8) | NIL |
| Textual Information(9) | NA |
| Textual Information(10) | NA |
| Textual Information(11) | iii. Non provision of interest on late payment of carriage fees and Other operational costs as on March 31, 2026 The Company has not provided for Interest expenses on late payment of Carriage Fees and other Operational Cost payable to various vendors whose balances are outstanding as on March 31, 2026 which needs to be accounted as per the applicable Indian Accounting Standards as the same is payable to the vendors as per the agreements entered into with them. Further, the working for such interest expenses on late payment of such expenses has not been made by the Company, due to which the exact amount of provision for interest cannot be ascertained as on March 31, 2026. The financial liabilities of the Company and net loss for the quarter and year ended March 31, 2026, due to non accounting of provision for interest, are understated to that extent. Further, the balances of all creditors outstanding as at March 31, 2026, are subject to confirmation, reconciliation. The impact, if any, arising from non confirmation on the accounts of the Company is currently unascertainable. |
| Textual Information(12) | NA |
| Textual Information(13) | The Company is having strong relations with its vendors since decades and thus had arrived at an amicable settlement as and when needed and hence not been charged any interest on late payment made to the vendors. |
| Textual Information(14) | NA |
| Textual Information(15) | NA |
| Textual Information(16) | iv. Actuarial valuation of leave encashment and gratuity not done as on 31-03-2026. The Company has not obtained an actuarial valuation of its leave encashment and gratuity obligations as at March 31, 2026, as required under the applicable provisions of Indian Accounting Standards Ind AS relating to employee benefits. In the absence of an actuarial valuation report, we are unable to determine the amount of liability required to be recognized in respect of leave encashment and gratuity and the resultant impact thereof on the financial statements for the year ended March 31, 2026. |
| Textual Information(17) | NA |
| Textual Information(18) | NA |
| Textual Information(19) | Since the working of leave encashment |
| Textual Information(20) | The working for the same should be prepared by the Company and acturial valuation should be done as on 31.03.2026 on the basis of which impact of the qualification can be quantified in the auditors report of F.Y. 2025-26. |
| Textual Information(21) | v. Non-reconciliation of GSTR-2B with books of accounts for FY 2025-26. The Company has not carried out reconciliation of input tax credit ITC as appearing in GSTR 2B with the books of accounts for F.Y. 202526. We observed that there are multiple invoices reflected in GSTR 2B which have not been accounted for in the books of accounts of the Company as invoices for the same has not been received by the Company as informed to us by the management. In the absence of detailed invoice wise reconciliation statements and supporting workings prepared by the management, we are unable to determine and quantify the impact of such unreconciled differences on the financial statements for FY 202526. |
| Textual Information(22) | NA |
| Textual Information(23) | NA |
| Textual Information(24) | Since the working of reconciliation of GSTR 2B |
| Textual Information(25) | The working for the same should be prepared by the Company on the basis of which impact of the qualification can be quantified in the auditors report of F.Y. 2025-26. |
| Textual Information(26) | vi. Non-reconciliation of GSTR 2B with books of accounts for FY 2025-26. The Company has trade creditors amounting to Rs. 78.44 Lakhs outstanding as at 31 March 2026, which have remained unpaid since 2017. The Company has not provided for interest on such overdue balances, which is required to be considered in accordance with the requirements of applicable Indian Accounting Standards, including the principles prescribed under IND AS 109, where applicable. Further, the Company has not maintained any working for the computation of interest liability payable on such outstanding balances as at 31 March 2026. In the absence of such computation and supporting documentation and in the absence of confirmation from the vendors as on 31 March 2026, we are unable to quantify the impact of the resultant liability and its consequential effect on the financial statements of the Company for the year ended 31 March 2026. |
| Textual Information(27) | NA |
| Textual Information(28) | The Company is having strong relations with its vendors since decades and thus had arrived at an amicable settlement as and when needed and hence not been charged any interest on late payment made to the vendors. |
| Textual Information(29) | NA |
| Textual Information(30) | NA |
| Name of CEO / Managing director | Ravi Gautam Adhikari |
|---|---|
| Name of CFO | Hemant Vishwanath Patil |
| Name of audit committee chairman | Mariappanadar Soundarapandian |
| Name of statutory auditor | Gautam Sanghvi |
| Name of other signatory, if any, with designation | |
| Place | Mumbai |
| Date | 27-05-2026 |