5001912026-01-012026-03-315001912026-03-315001912025-03-315001912025-04-012026-03-315001912026-01-012026-03-31in-capmkt:OtherExpenses1Member5001912025-04-012026-03-31in-capmkt:OtherExpenses1Member5001912026-03-31OtherNoncurrentFinancialAssetsDomain15001912026-03-31OtherNoncurrentAssetsDomain15001912026-03-31OtherCurrentFinancialAssetsDomain15001912026-03-31OtherCurrentAssetsDomain15001912026-03-31OtherNoncurrentFinancialLiabilitiesDomain15001912026-03-31OtherCurrentFinancialLiabilitiesDomain15001912026-03-31OtherCurrentLiabilitiesDomain15001912026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001912025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15001912026-01-012026-03-31RelatedPartyTransactionDomain15001912025-12-31RelatedPartyTransactionDomain15001912026-03-31RelatedPartyTransactionDomain15001912026-01-012026-03-31RelatedPartyTransactionDomain25001912025-12-31RelatedPartyTransactionDomain25001912026-03-31RelatedPartyTransactionDomain25001912026-01-012026-03-31RelatedPartyTransactionDomain35001912025-12-31RelatedPartyTransactionDomain35001912026-03-31RelatedPartyTransactionDomain35001912026-01-012026-03-31RelatedPartyTransactionDomain45001912025-12-31RelatedPartyTransactionDomain45001912026-03-31RelatedPartyTransactionDomain45001912026-01-012026-03-31RelatedPartyTransactionDomain55001912025-12-31RelatedPartyTransactionDomain55001912026-03-31RelatedPartyTransactionDomain55001912026-01-012026-03-31RelatedPartyTransactionDomain65001912025-12-31RelatedPartyTransactionDomain65001912026-03-31RelatedPartyTransactionDomain65001912026-01-012026-03-31RelatedPartyTransactionDomain75001912025-12-31RelatedPartyTransactionDomain75001912026-03-31RelatedPartyTransactionDomain75001912026-01-012026-03-31RelatedPartyTransactionDomain85001912025-12-31RelatedPartyTransactionDomain85001912026-03-31RelatedPartyTransactionDomain85001912026-01-012026-03-31RelatedPartyTransactionDomain95001912025-12-31RelatedPartyTransactionDomain95001912026-03-31RelatedPartyTransactionDomain95001912026-01-012026-03-31RelatedPartyTransactionDomain105001912025-12-31RelatedPartyTransactionDomain105001912026-03-31RelatedPartyTransactionDomain105001912026-01-012026-03-31RelatedPartyTransactionDomain115001912025-12-31RelatedPartyTransactionDomain115001912026-03-31RelatedPartyTransactionDomain115001912026-01-012026-03-31RelatedPartyTransactionDomain125001912025-12-31RelatedPartyTransactionDomain125001912026-03-31RelatedPartyTransactionDomain125001912026-01-012026-03-31RelatedPartyTransactionDomain135001912025-12-31RelatedPartyTransactionDomain135001912026-03-31RelatedPartyTransactionDomain135001912026-01-012026-03-31RelatedPartyTransactionDomain145001912025-12-31RelatedPartyTransactionDomain145001912026-03-31RelatedPartyTransactionDomain145001912026-01-012026-03-31AuditorDomain15001912026-01-012026-03-31in-capmkt:AuditedMember5001912026-03-31in-capmkt:AuditedMember5001912026-01-012026-03-31in-capmkt:AdjustedMember5001912026-03-31in-capmkt:AdjustedMember5001912026-01-012026-03-31AuditQualification15001912026-01-012026-03-31AuditQualification25001912026-01-012026-03-31AuditQualification35001912026-01-012026-03-31AuditQualification45001912026-01-012026-03-31AuditQualification55001912026-01-012026-03-31AuditQualification65001912026-01-012026-03-31AuditQualification7iso4217:INRiso4217:INRxbrli:shares500191HMTNOTLISTEDINE262A01018HMT LIMITEDMain BoardEquity2025-04-012026-03-312026-07-272026-07-22INRLakhsQuarterlyFourth quarterSingle segmentFood Processing Machinery2026-07-2715:00:002026-07-2716:30:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNoNAfalsetrue2026-02-09https://www.hmtindia.com/policies/falsefalseNo2026-01-012026-03-31AuditedStandalone8020000012590000020610000027300000014800000135000006000002800000163800000222800000-167000000-16700000169000000169000000-336000000000-33600000200000-33400000355600000010-0.09-0.0900-0.09-0.09Note for Standalone Financial Results: <br /> 1 The above statement of audited standalone financial results of HMT Limited, which have been prepared in accordance with the Indian Accounting Standards (“Ind AS”) prescribed under section 133 of the Companies Act, 2013 (“the Act”) read with relevant rules issed thereunder, other accounting principles generally accepted in India and guidelines issued by the Securities and Exchange Board of India (“SEBI”) were reviewed. It may be noted that since currently there is one Independent Director on the Board of HMT Limited, the meeting of Board Level Audit Committee cannot be held due to lack of quorum. Accordingly, the results were directly placed in the Board Meeting held on July 27, 2026 were reviewed and approved by the Board of Directors in this meeting. <br /> 2 The Company furnishes standalone financial statements along with the consolidated financial statements. In accordance with Ind AS 108, Operating Segments, the Company has disclosed the segment information in the audited consolidated financial statements. Accordingly, the segment information is given in the audited consolidated financial results of HMT Limited and its subsidiaries for the quarter and year ended March 31, 2026 <br /> 3 The Statutory Auditors have carried out an audit of the above results for the year ended March 31, 2026 and have issued a modified opinion on the same. A statement showing the impact of audit qualifications is being filed separately. <br /> 4 The figures for the fourth quarter (ending March 31, 2026) are the derived balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current financial year. Also, the figures up to the end of the third quarter were only reviewed by an independent Chartered Accountant and not subjected to audit. <br /> 5 As per the CCEA Approval during 2015-16, the operations of the Subsidiary Company i.e. HMT Watches Ltd were closed and during current year, the Company has been struck off by the Register of Companies u/s 248 of the Companies Act, 2013, on 2nd March 2026.accordingly, the investment in HMT Watches has been de-recognised from the books of HMT Limited. <br /> 6 The Government of India has notified the four Labour Codes, collectively referred to as the New Labour Code on 21st November 2025. The consequential effects covering the employee benefit obligations and related provisions, have been duly recognised based on the “guidance on the new labour codes” issued by the Institute of Chartered Accountants of India, in the Statement of Profit and Loss for the year ended and the Balance Sheet as at 31st March 2026. <br /> 7 Figures of previous period / year's have been regrouped wherever necessary to conform with current period / year's figures. <br /> * Subject to C&AG Review <br /> <br /> <br /> <br /> <br /> Note <br /> 1. The above is an extract of the detailed format of Quarterly and Yearly Financial Results filed with the Stock Exchanges under regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The full format of <br /> Quarterly and yearly Financial Results are available on the website of Stock Exchange i.e. www.nseindia.com and www.bseindia.com and on the Company’s website www.hmtindia.com <br /> 2. Figures of previous year have been regrouped wherever necessary <br /> *Subject to C&AG Review2025-04-012026-03-31AuditedStandalone2596000005791000008387000007460000002900000059600000800000109000004800000006549000001838000000183800000169000000169000000166900000000016690000060000016750000035560000001000.470.47000.470.47Other Expenses163800000Other Expenses480000000108000000548000000000071978000000019000000721680000059000006800000729510000096200000059700000275000001548600000364310000056330000058422000006650000027140000062763000002960000001360100000035560000001360700000491670000049167000000812900000812900000201000008330000006417200000118000001450000001568000003686000006942600000872300000364000007851300000868430000013601000000Other non-current financial assets19000000Other non-current assets6800000Other current financial assets563300000Other current assets271400000Other non-current financial liabilities812900000Other current financial liabilities368600000Other current liabilities87230000080000028600000121200000000000-48000000001090000008000000000003555000000000000-190800000-7000000000345000000-4150000000000000000000000000000000001143000000-5950000054800000000000000580000000110000000-69000006400000064000002110000027500000Amount of items that will not be reclassified to profit and loss100000100000Amount of items that will not be reclassified to profit and loss500000500000-100000-100000200000600000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYLoan176300000APPROVED1763000002026-07-2717630000034668410003643141000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYAny other transactionInterest Accrued & due on HC Loan-5000000APPROVED-50000002026-07-27-5000000527185000522185000HMT LIMITED******SUDMO HMT Process Engineers (India) Ltd******Joint VentureAdvance-185000APPROVED-1850002026-07-27-185000472000287000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYAdvance5413000APPROVED54130002026-07-275413000141842000147255000HMT LIMITED******HMT (INTERNATIONAL) LIMITED******SUBSIDIARYAdvance-2884000APPROVED-28840002026-07-27-28840002351400020630000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYAny other transactionOther Income122852000APPROVED1228520002026-07-2712285200000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYAny other transactionOther Expenses122852000APPROVED1228520002026-07-2712285200000HMT LIMITED******HMT MACHINE TOOLS LIMITED******SUBSIDIARYAny other transactionRecovery of Expenses947000APPROVED9470002026-07-2794700000HMT LIMITED******HMT (INTERNATIONAL) LIMITED******SUBSIDIARYAny other transactionOther Expenses2985000APPROVED29850002026-07-27298500000HMT LIMITED******HMT (INTERNATIONAL) LIMITED******SUBSIDIARYAny other transactionRecovery of Expenses1456000APPROVED14560002026-07-27145600000HMT LIMITED******S. KISHORE KUMAR******KMPRemuneration1022000APPROVED10220002026-07-27102200000HMT LIMITED******APARNA R******KMPRemuneration815000APPROVED8150002026-07-2781500000HMT LIMITED******Datania Dineshbhai Ramjibhai******KMPAny other transactionDirector's Sitting Fees128000APPROVED1280002026-07-2712800000HMT LIMITED******Kartik Chandulal Bhadra******KMPAny other transactionDirector's Sitting Fees150000APPROVED1500002026-07-2715000000426851000AuditedQualified opinionM/s G R S M & Associatestrue2027-05-318386980008386980006548980006548980001674650001674650000.470.47136009610001360096100086842250008684225000491673600049167360001. We draw attention to the audit report of Food Processing Machinery Unit, Aurangabad audited by M/S R. K. MULEY & CO., Chartered Accountants, which includes a qualification relating to inventory valuation. As stated in Note 2(ii)(j) of the Significant Accounting Policies, inventories of raw materials, stores, and spares are valued using the Weighted Average Cost method. However, the branch auditor was unable to verify the accuracy of rates and costs due to inadequate audit evidence. Consequently, we are unable to determine whether there is any material misstatement in the inventory valuation and its consequential impact, if any, on the financial statements. <br /> Qualified opinionRepetitiveThe inventory is valued using the weighted average cost method Considering the nature of the inventory and the records maintained, the management is of the view that the inventory balances disclosed in the financial statements represent the best estimate based on available records.NONANO2. At the Auxiliary Business Company, Bengaluru, the Company has valued inventories based on the Chartered Valuer’s report without adequate supporting evidence for the rates used. This approach is inconsistent with the stated accounting policy of valuing raw materials, stores, and spares using the Weighted Average Cost method. In the absence of sufficient audit evidence and deviation from the stated policy, we are unable to determine whether adjustments, if any, are required to the reported inventory values.Qualified opinionRepetitiveThe inventories received from HMT Watches Ltd. during the year 2016 were segregated based on usability. Usable items are being utilised for manufacturing of watches, while non-usable items and items requiring further processing have been valued based on the lower of NRV/Fair Realisable Value. Inventories procured in recent years and watches assembled during FY 2025-26 have been valued considering material cost and conversion cost based on available records and management assessment. The valuation represents the best estimate of inventory value as at the reporting date.NONANO1. The Auxiliary Business Company, Bengaluru is still in the process of reconciling the input tax credit under the Goods & Services Tax for the current as well as the past periods, as accounted in the books of accounts with the GST portal. Adjustment entries and reversal of ineligible input tax credit may be required upon completion of such reconciliation. In the absence of such reconciliation, we are unable to comment on the impact of the same on the result or financial position of the Company. <br /> Qualified opinionRepetitiveNoted, the reconciliations with GSTR 2B will be completed before filing 9 & 9 C Forms (i.e. on or before 31.12.2026) and necessary adjustment entries if any, will be made as requiredNONANO4. The Auxiliary Business Company, Bengaluru has not carried out the physical verification of Property, Plant and Equipment during the financial year 2025–26, although such verification was due as per its policy of verifying fixed assets once every three years. In the absence of physical verification, we were unable to obtain sufficient appropriate audit evidence regarding the existence and condition of the Property, Plant and Equipment. Consequently, we are unable to determine whether any adjustments are required to the carrying value of Property, Plant and Equipment and the related depreciation in the financial statements.Qualified opinionWhether appeared first timeNoted, The physical verification of all PPE will be carried out at the earliest, and in any case, before the finalization of the next auditNONANO5. Ind AS 109 requires the application of an expected credit loss (ECL) model for measuring and recognising impairment of financial assets. However, based on the information and explanations provided, no ECL matrix was prepared during the audit period to determine the loss allowance. Consequently, we are unable to assess the potential impact, if any, on the Standalone Ind AS financial statements.Qualified opinionRepetitiveThe Auxiliary Business Company, Bengaluru, The trade receivables as at the reporting date are 37.10 lakh against annual turnover of 17.04 crore. Considering the low level of receivables, regular recovery pattern and management assessment of credit risk, the expected credit loss impact is not considered material. However, the Company is strengthening the ECL assessment and documentation process in line with the requirements of Ind AS 109.NONANO6. No allowance for expected credit losses has been made in respect of a outstanding receivable from a subsidiary HMT Machine Tools Limited, which in our opinion has significant credit risk in view of the subsidiary’s continued losses and negative net worth. The non creation of the loss allowance results in overstatement of the assets and understatement of profit for the year to the extent of such loss, which is unascertained.Qualified opinionRepetitiveHMT Machine Tools Limited has substantial land assets, the realizable value of which, even considering the applicable guidance value, is significantly higher than the outstanding receivable from the subsidiary. The management expects recovery of the outstanding amount from the proceeds arising out of monetisation of these land assets. Accordingly, based on the assessment of recoverability and available security in the form of underlying assets, no ECL provision is considered necessary at this stage. The position will continue to be reviewed periodically in accordance with the requirements of Ind AS 109. <br /> NONANO7. The Company has not obtained external confirmations for trade receivables, trade payables, other current liabilities, and other current assets. In the absence of such confirmations and alternative audit procedures, we were unable to obtain sufficient appropriate audit evidence regarding the accuracy, completeness, and existence of these balances. Accordingly, we are unable to determine whether any adjustments are required in respect of these items.Qualified opinionRepetitiveLetters were sent through e-mail and post to all parties requesting them to confirm the balance as on 31.03.2026. Reconciliations as per available records are carried out on an ongoing basis. Consequential adjustment and provision are made wherever required as per management assessment. NONANON Ramesh KumarAparna RDatania Dineshbhai RamjibhaiGopalkrishna HegdeBengaluru2026-07-27