5444482025-10-012025-12-315444482025-04-012025-12-315444482025-10-012025-12-31in-capmkt:OtherExpenses1Member5444482025-04-012025-12-31in-capmkt:OtherExpenses1Member5444482025-10-012025-12-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

5444482025-04-012025-12-31

ItemsThatWillNotBeReclassifiedToProfitAndLoss1

iso4217:INRiso4217:INRxbrli:shares

544448

PASHUPATI

NOTLISTED

INE124Y01010

Pashupati Cotspin Limited

Main Board

Equity

2025-04-01

2026-03-31

2026-02-13

2026-02-10

INR

Lakhs

Quarterly

Third quarter

Single segment

Cotton Ginning and Spinning

2026-02-13

14:45:00

2026-02-13

16:00:00

Not applicable

false

Not Applicable.

2025-10-01

2025-12-31

Unaudited

Standalone

1476857000

31353000

1508210000

1072503000

342981000

-125570000

46415000

22380000

22071000

96571000

1477351000

30859000

3740000

207000

3947000

26912000

-1000000

25912000

157840000

1.71

PASHUPATI COTSPIN LIMITED Notes to Unaudited Standalone Financial Results for the quarter and nine months ended 31st December, 2025 1. The above unaudited standalone financial results for the quarter and nine months ended 31st December, 2025 of Pashupati Cotspin Limited (the "Company") were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on 13th February, 2026. 2. The above standalone financial results for the quarter and nine months ended 31st December, 2025 (“the Statement”) have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting standards) Rules as amended from time to time and other relevant provisions of the Act. 3. The statutory auditors of the company have carried out Limited review of aforesaid results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. 4. The company is primarily engaged in “Cotton Ginning and Spinning” business. The requirement of Ind AS 108 - “Operating Segments”, is not applicable to the company as it is engaged in single business segment. 5. The Company’s Cotton Ginning business is seasonal business and normally it starts from the month of October till the month of April. Therefore, Results for Quarter 3 F.Y. 2025-26, Quarter 2 F.Y. 2025-26 & Quarter 3 F.Y. 2024-25 are strictly not comparable. 6. On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, consolidating 29 existing labour laws. The Ministry of Labour & Employment has also published draft Central Rules and FAQs. The company is currently evaluating it’s impact and will continue to monitor the finalisation of Central / State Rules and clarifications from the Governments on other aspects of the Labour Codes and would provide appropriate accounting effect on the basis of such developments as needed. 7. Figures for the quarter ended 31st December, 2025 represents the difference between the unaudited figures in respect of the nine months ended 31st December, 2025 and the published unaudited figures in respect of the half year ended 30th September,2025 which were subject to limited review by the Audit. 8. The figures of previous quarters / Period are reclassified, regrouped, and rearranged wherever necessary so as to make them comparable with current period's figures. 9. FIRST-TIME ADOPTION OF IND-AS The Company was earlier listed on the SME Platform (EMERGE) of the National Stock Exchange of India Limited (NSE). Upon migration, the equity shares of the Company were listed on the Main Board of NSE and BSE Limited (BSE) with effect from July 17, 2025. Accordingly the Company has adopted Indian Accounting Standards (“Ind AS”) effective from April 1, 2025 and date of transition to Ind AS is April 1, 2024 in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (as amended), notified under Section 133 of the Companies Act, 2013, read with relevant rules thereunder, and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the applicable provisions and guidance issued thereunder. Accordingly: • The unaudited standalone financial results for the quarter ended 31st December, 2025 represent the third unaudited quarterly and year to date financial results prepared under Ind AS. • The audited standalone financial results for the year ended 31st March 2025 have been prepared in accordance with Ind AS. • The comparative figures for the quarter and nine months ended December 31, 2024, were not published earlier. The conversion of the aforesaid IGAAP figures to IND AS has been carried out by the management, and these IND AS comparative figures have not been subjected to limited review or audit. Exemption Availed: - • Deemed cost of property, plant and equipment and intangible assets The Company has elected to continue with the carrying value of all its property, plant and equipment’s and intangible assets recognised as of 1st April, 2024 measured as per the previous GAAP and use that carrying value as its deemed cost on transition date. • Derecognition of financial assets and financial liabilities The Company has applied the derecognition requirements of financial assets and financial liabilities prospectively for transactions occurring on or after transition date. • Classification and measurement of financial assets The Company has assessed classification and measurement of financial assets on the basis of facts and circumstances that exist as on transition date. • Impairment of financial assets The Company has applied impairment requirements of Ind AS 109 retrospectively; however, as permitted by Ind AS 101, it has used reasonable and supportable information that is available without undue cost or effort to determine the credit risk at the date that financial instruments were initially recognised in order to compare it with the credit risk at the transition date. • Fair valuation for Financial Assets and Financial Liabilities The Company has valued certain financial assets and financial liabilities at fair value. Impact of fair value changes as on date of transition is recognised in opening reserves and changes thereafter are recognised in Statement of Profit and Loss Account or Other Comprehensive income, as the case may be. The Company has adopted Ind AS with effect from 1st April, 2025 with comparatives being restated. Accordingly, the impact of transition has been provided in the Opening Reserves as at 1st April 2024 and all the periods presented have been restated accordingly. Reconciliation of Profit, as reported under previous GAAP to Ind AS for earlier periods, is as follows: Sr. No. Nature of adjustments Refer Note below Profit reconciliation Quarter ended Nine months ended Year ended 31/12/2024 31/12/2024 31/03/2025 Net Profit/Reserves as per Previous Indian GAAP (A) 52.85 584.95 1,288.03 1 Fair Valuation for financial Guarantee 1 - - 15.27 2 Deferred Tax 2 (14.81) 65.22 51.26 3 Impact of Ind AS 116 - Leases 3 (0.98) (2.94) (3.92) 4 Expected Credit Loss 4 1.72 5.16 6.87 5 Remeasurement cost of net defined benefit liability 5 40.83 39.40 53.46 Total Adjustments (B) 26.76 106.84 122.94 Net profit before OCI/Reserves as per Ind AS (A) + (B) 79.61 691.79 1,410.97 Notes: 1. Fair valuation for Financial Guarantee:- On the date of transition to Ind AS, the Company recognised financial guarantee liabilities in respect of bank guarantees issued, measured at fair value in accordance with the requirements of Ind AS 109 Financial Instruments. This resulted in recognition of a financial liability in the opening balance sheet, with a corresponding reduction in retained earnings (net of the applicable deferred tax impact). Subsequently, the financial guarantee liability is amortised over the period of the underlying obligation, with the amortisation recognised in the Statement of Profit and Loss as “Income from financial guarantee contracts.” This amortisation represents the systematic reversal of the liability as the guarantee obligation is progressively fulfilled. 2. Deferred Tax:- On the date of transition to Ind AS, the Company computed deferred taxes using the balance sheet approach in accordance with Ind AS 12 Income Taxes, as compared to the profit and loss approach applied under the previous GAAP. This resulted in recognition of deferred tax assets/liabilities on all temporary differences between the carrying amounts of assets and liabilities in the financial statements and their respective tax bases, including those arising from the Ind AS transition adjustments. The adoption of the balance sheet approach led to a one-time impact on reserves as at the transition date, with corresponding recognition of deferred tax assets/liabilities in the opening Ind AS balance sheet. Subsequent to the transition date, the Company has recognised additional deferred tax assets arising mainly from changes in estimates and Ind AS adjustments. These changes have been recognised in the Statement of Profit and Loss in the respective reporting periods in accordance with Ind AS 12. 3. Impact of Ind AS 116 - Leases:- The Group has adopted Ind AS 116 “Leases” effective from 1st April, 2025 using the modified retrospective method with the cumulative impact being recognised on the date of initial application on 1st April, 2024. Accordingly previous period/year information has not been restated. This has resulted in recognising a right-of-use asset (including reclassification of lease prepayment from other assets) and a corresponding lease liability. Consequently, operating lease expenses which were recognised as other expenses in previous periods/year have now been recognised as depreciation expense in respect of the right-of-use asset and finance cost for interest accrued on lease liability. Accordingly, the figures for the current quarter and nine months are not directly comparable with those of previous quarter/period. Reconciliation for the effects of the transition on standalone financial results for the earlier periods as follow: Particulars Quarter ended 31/12/2024 Nine months ended 31/12/2024 Year ended 31/03/2025 Others Expenses (2.04) (6.12) (8.16) Finance Cost 2.13 6.39 8.52 Depreciation and amortization expense 0.89 2.67 3.56 Profit before tax 0.98 2.94 3.92 4. Expected Credit Loss:- The Company has adopted the Expected Credit Loss (ECL) model as per Ind AS 109, replacing the incurred loss model under IGAAP. The ECL approach considers historical data, current conditions, and forward-looking information to estimate credit losses. For trade receivables, the simplified approach has been applied, recognizing lifetime ECL. The change resulted in an adjustment to retained earnings on the date of transition. This enhances the accuracy and timeliness of credit loss recognition. 5. Re-measurement cost of net defined benefit liability:- The re-measurement cost arising primarily due to change in actuarial assumptions has been recognised in Other Comprehensive Income (OCI) under Ind AS compare to Statement of Profit and Loss under previous GAAP. FOR, PASHUPATI COTSPIN LIMITED _________________ SAURIN JAGDISH BHAI PARIKH Managing Director (DIN: 02136530) Date: February 13, 2026 Place: Ahmedabad

2025-04-01

2025-12-31

Unaudited

Standalone

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Other Expenses

96571000

Other Expenses

241383000

a) Remeasurements of the defined benefit plans

-1336000

a) Remeasurements of the defined benefit plans

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