5432882026-01-012026-03-315432882026-03-315432882025-03-315432882025-04-012026-03-315432882026-01-012026-03-31in-capmkt:OtherExpenses1Member5432882025-04-012026-03-31in-capmkt:OtherExpenses1Member5432882026-03-31OtherNoncurrentFinancialAssetsDomain15432882026-03-31OtherNoncurrentFinancialAssetsDomain25432882026-03-31OtherNoncurrentAssetsDomain15432882026-03-31OtherCurrentFinancialAssetsDomain15432882026-03-31OtherCurrentAssetsDomain15432882026-03-31OtherCurrentFinancialLiabilitiesDomain15432882026-03-31OtherCurrentLiabilitiesDomain15432882026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15432882025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15432882026-01-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15432882025-04-012026-03-31ItemsThatWillBeReclassifiedToProfitAndLoss15432882026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares543288DEEPINDSNOTLISTEDINE0FHS01024DEEP INDUSTRIES LIMITEDMain BoardEquity2025-04-012026-03-312026-05-142026-05-07INRLakhsQuarterlyFourth quarterSingle segmentOnshore Oil and Gas Field services2026-05-1417:00:002026-05-1418:05:00trueCash Flow IndirectDeclaration of unmodified opinion2026-01-012026-03-31AuditedConsolidated2487059000249351000273641000012296200000-535000185094000267490001564000002537370001851065000885345000-2082849000-1197504000-816197000-309118000-11253150000-721890000000-7218900010643600034247000-14358800071399000-37152000713990003200000005-2.24-2.2400-2.24-2.241 The above audited consolidated financial results for the quarter ended March 31, 2026 and Year to Date from April 01,2025 to March 31,2026 (“the Statement”) were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on May 14,2026. <BR> <BR> 2 The above consolidated financial results for the quarter ended March 31, 2026 and Year to Date from April 01, 2025 to March 31, 2026 (“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. <BR> <BR> 3 The statutory auditors of the company have carried out Audit of aforesaid results as per Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. <BR> <BR> 4 Group is required to disclose segment information based on the “Management approach” as defined in IND AS 108- Operating Segments, which is how the Chief Operating Decision Maker (CODM) evaluates the Group’s performance and allocates resources based on the analysis of the various performance indicators. CODM reviews the results of the Group engaged in the business of “Oil and Gas Field services” and “Oil and Gas Offshore Support Service”. Accordingly, Group as a whole is a single segment. Hence no separate disclosure has been made. <BR> <BR> 5 The Board of Directors of the Company in its meeting held on Monday, June 30, 2025, had approved the Scheme of Amalgamation under Sections 230-232 of the Companies Act, 2013 and in the matter of Scheme of Amalgamation of Kandla Energy & Chemicals Limited (“KECL”)- Wholly owned Subsidiary with and into Deep Industries Limited (“DIL”) and their respective shareholders and creditors. The aforesaid Scheme was sanctioned by Hon’ble National Company Law Tribunal (NCLT) Ahmedabad Bench vide order no. C.P.(CAA)/53 (AHM)2025 dated March 23, 2026. The Scheme has become effective from March 30, 2026 upon filing of the certified copy of the orders passed by NCLT with the relevant Registrar of Companies in Form INC-28 on March 30, 2026. The accounting treatment has been carried out in accordance with applicable Indian Accounting Standards (Ind AS), including principles prescribed under Ind AS 103. The Appointed Date of the Scheme is March 31, 2025. <BR> <BR> <BR> 6 The Step down Subsidiary Company has incorporated a wholly owned subsidiary “Beluga International (IFSC) Private Limited. The Company received certificate of incorporation on March 9, 2026, however the approval of IFSC is still pending. The authorized share capital of company is Rs. 2,00,00,000 divided into Rs. 2,00,00,000 share of Rs. 1 each. The company is still in the process of opening the subsidiary Company’s bank account accordingly the paid-up capital has not yet been infused. Expenses of incorporation done by holding Company stands as receivable in books of accounts. <BR> <BR> 7 Consolidated Trade Receivables includes old trade receivables of Dolphin offshore Group of Rs. 14,100.00 Lakhs and Dolphin Offshore Shipping Limited of Rs. 2,011.22 Lakhs pertains to old outstanding from erstwhile business before acquisition of the group totalling to Rs. 16,111.22 Lakhs, The same has been kept receivable considering its recoverability based on our best assessment and arbitration awards in our favor. <BR> <BR> 8 In standalone and consolidated financial results "Exceptional item" for the quarter and year ended March 31, 2026 of Rs. 20,828.49 Lakhs represents; One time loss due to cleaning up exercise post merger of Kandla Energy and Chemicals Ltd. Following the acquisition of the Kandla Energy and Chemicals Limited (Kandla) in March, 2025, management adopted a conservative accounting approach regarding inherited trade receivables, the company deferred the recognition of certain legacy receivables pending a full recoverability assessment. We initiated a comprehensive, 12-month reconciliation and recovery program to validate the collectability of these old trade receivables. After a year of intensive collection efforts and due diligence, it was determined that these old trade receivables do not meet our criteria for realization. Consequently, to ensure a transparent and high-quality balance sheet, as a part of our balance sheet strengthening exercise the company has elected to write off these legacy trade receivables. This non-recurring and non-cash adjustment reflects our commitment to financial discipline. <BR> <BR> For Y-o-Y comparison purpose, if we consider PAT and EPS without considering this exceptional item the same will be as follows: <BR> Particulars Consolidated <BR> Year ended <BR> 31-Mar-26 31-Mar-25 <BR> Profit/(Loss) before exceptional items and tax (Rs. In Lakhs) 34,795.11 21,077.48 <BR> Net Profit/(Loss) for the period/year before Exception Items (Net of Tax)-Owners (Rs. In Lakhs) 33,580.44 9,776.92 <BR> EPS Before Exception Item 52.47 15.28 <BR> <BR> 9 The Consolidated financial results for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the full financial year and published year to date figures of the third quarter of the respective financial year which were subject to limited review by Auditors. <BR> <BR> 10 The figures for the corresponding previous periods have been regrouped/rearranged wherever necessary, to make them comparable. <BR> <BR> <BR> For, Deep Industries Limited <BR> <BR> <BR> <BR> Date: May 14,2026 Paras Shantilal Savla <BR> Place: Ahmedabad Chairman & Managing Director <BR> 2025-04-012026-03-31AuditedConsolidated8907139000695415000960255400040015150000078118000017635500059230100057169200061230430003479511000-20828490001396662000-349421000-224516000-573937000019705990000000197059900018246600021530650001799386000171213000198185200017121300032000000051967162800028.1228.120028.1228.12Other Expenses253737000Other Expenses57169200010870489000558215000003850047000000103040000134752500045519100018130200001921540002521840001753610900094281400014082410004801423000153882000373939000229200023325400069730310001491210003451410008410107000371200002594992800032000000019671628000199916280001131327000211229550001088930000000108893000028350006060280000169779300094088500064975000867298000932273000111301000198445900099562100014646900026310000312918000000482697300025949928000Other non-current assets452588000Other Financial Assets2603000Non current tax assets252184000Others233254000Other current assets345141000Other financial liabilities111301000Other current liabilities995621000176355000-346107000-861210000000000300681000000592301000097119000000-2488420001517000190442000000-1138280002082849000001487359000288402100000-485000181395000-1215000270092600000-3393200000000196519000236454600024536700000000000000044114400000015170006928800000-232693100000000000166744000192830000019500100017166500000-392752000-187570000-18757000172639000153882000Amount of items that will not be reclassified to profit and loss14010001401000Amount of items that will not be reclassified to profit and loss2281000228100000Foreign Currency Translation105035000105035000Foreign Currency Translation18018500018018500000106436000182466000AuditedtrueMahendra N Shah and Cotrue2027-05-31