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Current Assets90276000(vi) Other Financial Assets991048000Other Current Assets1551852000(iii) Other Financial Liabilities74695000Other Non - Current Liabilities3213000(iii) Other Financial Liabilities1190654000Other Current Liabilities1085865000Hotel Division881681000International Trade Division43327000Travels &Tours114170000Engg,Consultancy Projects49977000Event Management, Hospitality & Tourism Management Institute & Others398478000Hotel Division3463388000International Trade Division151261000Travels &Tours240990000Engg,Consultancy Projects88009000Event Management, Hospitality & Tourism Management Institute & Others1685780000148763300056294280000014876330005629428000Hotel Division449828000International Trade Division15562000Travels &Tours37810000Engg,Consultancy Projects36284000Event Management, Hospitality & Tourism Management Institute & Others-173600000Hotel Division1079254000International Trade Division16674000Travels &Tours42106000Engg,Consultancy Projects38128000Event Management, Hospitality & Tourism Management Institute & Others-335400003658840001142622000-7790000175890003736740001125033000Hotel Division-207868000International Trade Division3416000Travels &Tours61305000Engg,Consultancy Projects237955000Event Management, Hospitality & Tourism Management Institute & Others-275292000-1804840000-180484000Hotel Division-100695000International Trade Division-17683000Travels &Tours149861000Engg,Consultancy Projects173370000Event Management, Hospitality & Tourism Management Institute & Others-696363000-4915100000-49151000016797000148600010220000-247593000-82358000236000499272000-3524000-4160930000-105381000070559000016560003083000235355000-1292190009700000189109000000094179000-527470000-30140900082362400000011918600007044380000000000001022180001475000000000000000000001421260000-772685000-73130200000000000000248731000000-248731000-275595000-970000-276565000824099000547534000(i) Items that will not be Reclassified to Profit or Loss2926400029264000(i) Items that will not be Reclassified to Profit or Loss3022800030228000650600070320002275800023196000AuditedQualified opinionHDSG & Associatestrue2026-05-2153302350005459494000450439600045043960008237740009205010009.610.73762217000077514290003513046000354557800041091240004205851000MSMED Act Compliances: <br></br> As per the information provided to us, the Company has identified suppliers registered under the MSMED Act, 2006, by obtaining confirmation from suppliers and information has been collated to the extent of information received. <br></br> <br></br> In the absence of the requisite audit evidence, we are unable to determine the delay in making payment to MSME entities, liability of interest and compliance on such delayed payments in terms of provisions of MSMED Act. <br></br> <br></br> Qualified opinionRepetitiveNot quantified by AuditorNot quantified by ManagementAll pending issues have been majorly resolved, and compliances are in place. <br></br> <br></br> No major financial impact as on date. <br></br> N.ARevenue from License fee <br></br> The Company has not generated invoices for license fees on licensees of units, viz. Ashok Hotel, Samrat Hotel & Taj Restaurant (units of ITDC) to the tune of Rs. 1292.59 lakhs during the year 2020-21 on account of Covid-19 pandemic, and hence not considered in Books of Accounts. The matter is still under consideration before the board of Directors of ITDC. Thus, the sale of services from license fees and trade receivables of the Company continued to be understated to this extent. <br></br> Qualified opinionRepetitiveAmount of Rs. 1,292.59 lakhs not booked as Revenue from Operations <br></br> N.A. <br></br> <br></br> N.A. <br></br> <br></br> N.A. <br></br> Ashok Tours and Travels (ATT) Delhi <br></br> 1. ATT had entered into a General Sales Agent (GSA) agreement with M/s Shree Plan Your Journey Pvt. Ltd. (SPYJ) in September 2019 for marketing of its travel-related business. Upon expiry of this agreement, SPYJ was again appointed as GSA through a fresh open tender process dated October 21, 2024. As per management, the terms and conditions of the new agreement are to be considered independently from the earlier arrangement. In respect of the GSA agreement dated September 2019, we observed the following points: <br></br> I. After the initial deposit of security of Rs. 300.00 lakh. The said amount was required to be increased additionally through the deposit of funds as and when required based on the business. As per the agreement, the evaluation is to be made by the Company on a monthly basis, and in case of its non-compliance, the issue of all travel-related services would be stopped till funds are received. <br></br> However, as at March 31, 2026, total amount receivable from the business conducted through the GSA amounts to Rs. 1,743.71 lakh, whereas, ATT has kept on HOLD only an amount of Rs. 1,560.38 lakh in the form of security deposit, bank guarantee, commission and other services payable to cover the outstanding limit. Hence, there is a deficit which is not in consonance with the terms of the agreement (dated September, 2019) and directive of the Board. <br></br> II. We observe that various conditions of the agreement with SPYJ were not complied &/or not enforced like credit limit, reconciliation, monthly evaluation, additional Bank Guarantee (BG) etc. Despite raising the issues in the previous years and also in the current year. There is periodical reconciliation of PLB from Airlines, identification of unlinked receipts, credit note delays, settlement of commission bills after receiving full payment from SPYJ clients, compliance of SoP etc. Separate reconciliation for compliance towards old agreement was not available on record. Above mentioned deficiencies have repercussions on timely compliance of TDS and provisions under GST Act. <br></br> III. Subsequently, vide notice dated January 27, 2026, management terminated the agreement for empanelment of GSA by Ashok Travels and Tours, pursuant to which the vendor discontinued the services. However the reconciliation/balance confirmation with the party are still pending on the date of report. <br></br> In view of the circumstances stated in para I , II and III above we are unable to comment on the final outcome of non-compliance of the terms of Agreement, reconciliation and/ or assessment of recoverability for the outstanding in the accounts pertaining to SPYJ / ATT customers and its consequential impact on the Standalone Financial Statements. <br></br> Qualified opinionRepetitiveNot quantified by AuditorNot quantified by ManagementThe Agreement has been terminated vide dated January 27, 2026. However <br></br> Reconciliation under progress and it will be completed during the next financial year <br></br> N.A.Ashok Tours and Travels (ATT) Delhi <br></br> 2. During the year 2024-25, ITDC through its division - Ashok Travels & Tours (ATT), undertook a prestigious project to provide luxury tent accommodation and allied facilities during Maha Kumbh 2025 in Prayagraj. The project was executed through one of ATTs empanelled General Sales Agent (GSA) named M/s Zenith Leisure Holidays Ltd. further, Considering the special nature of assignment and business involved, ITDC has engaged, an independent Chartered Accountant (CA) firm to conduct reconciliation, verification, and certification of the project accounts and based on the interim report of such CA firm, income and expenses have been recognised in the financial statement for the period ended march 31, 2025. The outcome is subject to final report and reconciliation. <br></br> <br></br> In the absence of the final report duly verified by the management not being made available to us, we were unable to verify the same hence in view of this the final impact of the same on the Standalone financial statement for the year ended 31st March 2026 could not be ascertained. <br></br> Qualified opinionRepetitive <br></br> Not quantified by Auditor <br></br> <br></br> Not quantified by Management <br></br> <br></br> Reconciliation is under process and it will be completed during the next financial year.N.A.Mugdha SinhaLokesh Kumar AggarwalVandana JainHarbir Singh GulatiNew Delhi2026-05-21