LIBAS2026-01-012026-03-31LIBAS2026-03-31LIBAS2025-03-31LIBAS2025-04-012026-03-31LIBAS2026-01-012026-03-31in-capmkt:OtherExpenses1MemberLIBAS2025-04-012026-03-31in-capmkt:OtherExpenses1MemberLIBAS2026-03-31OtherNoncurrentFinancialAssetsDomain1LIBAS2026-03-31OtherNoncurrentAssetsDomain1LIBAS2026-03-31OtherCurrentFinancialAssetsDomain1LIBAS2026-03-31OtherNoncurrentFinancialLiabilitiesDomain1LIBAS2026-03-31OtherNoncurrentLiabilitiesDomain1LIBAS2026-03-31OtherCurrentFinancialLiabilitiesDomain1LIBAS2026-03-31OtherCurrentLiabilitiesDomain1LIBAS2026-01-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2025-04-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-03-31in-capmkt:ReportableSegments1MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-03-31in-capmkt:ReportableSegments2MemberLIBAS2026-01-012026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-03-31in-capmkt:ReportableSegments3MemberLIBAS2026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1LIBAS2025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1LIBAS2026-01-012026-03-31AuditorDomain1LIBAS2026-01-012026-03-31in-capmkt:AuditedMemberLIBAS2026-03-31in-capmkt:AuditedMemberLIBAS2026-01-012026-03-31in-capmkt:AdjustedMemberLIBAS2026-03-31in-capmkt:AdjustedMemberLIBAS2026-01-012026-03-31AuditQualification1LIBAS2026-01-012026-03-31AuditQualification2LIBAS2026-01-012026-03-31AuditQualification3LIBAS2026-01-012026-03-31AuditQualification4iso4217:INRiso4217:INRxbrli:shares000000LIBASNOTLISTEDINE908V01012Libas Consumer Products LimitedMain BoardEquity2025-04-012026-03-312026-06-022026-06-01INRLakhsQuarterlyFourth quarterMulti segment2026-06-0219:40:002026-06-0221:07:00trueCash Flow IndirectStatement on impact of audit qualification2026-01-012026-03-31AuditedConsolidated17143500016322000187757000147412000006080000393100030200036257000193982000-62250000-62250001761000-1693000680000-62930000000-62930001410900078160000000263446000100.30.3000.30.32025-04-012026-03-31AuditedConsolidated7808030001906900079987200065164000000241580001200800012870008431400077340700026465000-2400000024650001761000-1360000401000020640000000206400032142000342060000000263446000105878390001.31.3001.31.3Other Expenses36257000Other Expenses84314000933100000000001000000041390004239000231700014422000016010700030420000005524310007339300000484900006743140000978514000001138621000263446000587839000851285000085128500000001186300011863000000251800014381000132194000569000007850800013540800034990002711010001854000000272955000002873360001138621000Other non-current financial assets4139000Other non-current assets144220000Other current financial assets48490000Other non-current financial liabilities11863000Other non-current liabilities2518000Other current financial liabilities3499000Other current liabilities1854000Garment136566000Rock Salt51564000Others-16695000Garment534767000Rock Salt246036000Others017143500078080300000171435000780803000Garment-53300000Rock Salt35995000Others49000Garment-40940000Rock Salt60850000Others854000-1725600020764000393100012008000-149630006290000-62240002466000Garment837951000Rock Salt224859000Others01062810000758100001138620000Garment85768000Rock Salt49639000Others0135407000151929000287336000120080007067000-14634700000241750000-9990000-61800000-9750000128700000020900000321420000870300000001183100000-72604000-701390000001270000-7026600000000000013400000000000000000000087030000085690000000000005891000001200800000-17899000-795960000-7959600015299000073394000Foreign currency translation reserves1410900014109000Foreign currency translation reserves321420003214200000001410900032142000AuditedQualified opinionJ. N. Mittal & Co.true2028-03-317998720008188530007734070009375450002465000-1426920001.3-5.421138621000974483000287336000287336000851285000687147000During the course of our audit, we observed significant deficiencies in the Company's inventory management system. In our opinion, the inventory is overstated by Rs.1,213.79 lakhs, comprising obsolete stock of Rs. 700.84 lakhs, overvaluation of Rs. 194.43 lakhs, and stock shortages of Rs. 318.52 lakhs. Consequently, the profit for the period is also overstated by the same amount.Qualified opinionRepetitiveInventory Management Deficiencies Mismanagement of inventory occurred due to closure of Delhi, Juhu, and Borivali branches, and return of goods without barcoding. Management is refurbishing all stock for further utilization and has tie-ups with TV serial directors to use old refurbished cloths as costumes. Impact of the arrangement will be visible from July onwards. Management will not obsolete the goods but instead utilize them for furtherance of business.Not ApplicableNot ApplicableNot ApplicableLoan agreements for Short Term Loans and Advances given to various parties (Asset) for a total amount of Rs 1,071.88 lakhs were not provided. Out of these loans given, certain parties amounting Rs. 427.59 lakhs, there have been no receipts from these parties in last 2 financial years. In the absence of any agreement and balance confirmations from these parties and in view of no receipts from these parties in past 2 years, we are of the opinion that loans and advances aggregating Rs 427.59 lakhs may not be recoverable by the company. Assets are over stated in the balance sheet to this extent.Qualified opinionRepetitiveLoans given to employees and third parties are stated to be fully recoverable. Management has taken initiative to collect old loans and advances and is confident of full recovery in the near future. The advances were given prior to the Covid period, during which parties faced financial difficulties, causing collection delays.Not ApplicableNot ApplicableNot ApplicableInternal Control Processes are not commensurate with the size of the businessQualified opinionRepetitiveNot ApplicableImpact on financial statement is not ascertainableInternal Control process does not require financial impact and Management has already taken remedial steps to control the stock management process.The management has explained that the matter primarily relates to strengthening of internal control procedures and does not have a directly quantifiable financial impact on the financial statements. We note the management's representation regarding the remedial measures undertaken to improve inventory management and related control processes. However, the effectiveness and sustainability of these measures will be subject to implementation and continued monitoring.During the course of audit, it was noted that the company has not made any provision or estimation for gratuity liability in the financial statements. As per the Payment of Gratuity Act, 1972, gratuity is a statutory obligation payable to eligible employees upon cessation of employment. The absence of an actuarial valuation or management estimate renders the gratuity liability uncertain and unrecognized. This non-provision may result in understatement of employee benefit obligations and could materially affect the true and fair view of the company's financial position.Qualified opinionWhether appeared first timeNot ApplicableManagement is in the process of ascertaining the impact of the qualification related to gratuity on financial statement.the company is in the process of obtaining an actuarial valuation to estimate gratuity liability. Appropriate provision will be recognized in the financial statements upon completion of this exercise to ensure compliance with statutory requirements and fair presentation.We note the management's submission that it is in the process of obtaining an actuarial valuation to determine the gratuity liability. Until such valuation is completed and the resulting liability, if any, is recognized in the financial statements, the financial impact of this matter remains unascertained. Appropriate accounting treatment should be considered upon completion of the valuation exercise in accordance with the applicable accounting requirements.Riyaz GanjiMohammed SakerwalaAshish DubeyJ. N. Mittal & Co.Mumbai2026-06-02