5173302026-01-012026-03-315173302026-03-315173302025-03-315173302025-04-012026-03-315173302026-01-012026-03-31in-capmkt:OtherExpenses1Member5173302025-04-012026-03-31in-capmkt:OtherExpenses1Member5173302026-03-31OtherNoncurrentAssetsDomain15173302026-03-31OtherCurrentAssetsDomain15173302026-03-31OtherNoncurrentFinancialLiabilitiesDomain15173302026-03-31OtherCurrentFinancialLiabilitiesDomain15173302026-03-31OtherCurrentFinancialLiabilitiesDomain25173302026-03-31OtherCurrentLiabilitiesDomain15173302026-01-012026-03-31RelatedPartyTransactionDomain15173302025-12-31RelatedPartyTransactionDomain15173302026-03-31RelatedPartyTransactionDomain15173302026-01-012026-03-31AuditorDomain15173302026-01-012026-03-31in-capmkt:AuditedMember5173302026-03-31in-capmkt:AuditedMember5173302026-01-012026-03-31in-capmkt:AdjustedMember5173302026-03-31in-capmkt:AdjustedMember5173302026-01-012026-03-31AuditQualification1iso4217:INRxbrli:pureiso4217:INRxbrli:shares517330CMICABLESNOTLISTEDINE981B01011CMI LIMITEDMain BoardEquity2025-04-012026-03-312026-09-162026-09-10INRLakhsQuarterlyFourth quarterSingle segmentMANUFACTUR OF WIRES & CABLES2026-09-1616:00:002026-09-1618:30:00trueCash Flow IndirectStatement on impact of audit qualificationtruetrueNANAfalsetrue2023-07-28www.cmilimited.infalsetrue2026-01-012026-03-31AuditedStandalone14728200017420001490240001419080000096480003935000184920009951000183934000-349100000-349100000000-349100000000-349100000-349100001602700010-0.22-0.2200-0.22-0.22000NOTES TO THE FINANCIAL RESULTS <br /> 1. The Company has informed vide announcement dated August 03, 2023, the Hon'ble National Company Law Tribunal, Delhi Bench, ("NCLT") vide its order dated July 28, 2023 ("Order"), pronounced on August 01, 2023, has admitted the application filed by Canara Bank ("Financial Creditor") under Section 7 of the Insolvency and Bankruptcy Code, 2016, read with rules and regulations framed thereunder ("the Code"). <br /> Furthermore, the Hon'ble National Company Law Tribunal, Delhi Bench, ("NCLT") has also approved the appointment of Mr. Deepak Maini as the Interim Resolution Professional/Resolution Professional ("IRP/RP") to conduct the CIRP of the Company admitted under section 7 of the Insolvency and Bankruptcy Code 2016. <br /> During CIRP, the power of the board is suspended as per the Insolvency and Bankruptcy Code, 2016, and the company operates under the guidance and direction of the Resolution Professional. <br /> 2. The above financial results for the quarter and year ended 31st March, 2026 have been approved by the Board of Directors of the Company (Power Suspended) as per the provision of the Insolvency and Bankruptcy Code, 2016 on 16th September, 2026, upon authorization of Mr. Deepak Maini, Resolution Professional of the Company. <br /> 3. The financial results for the financial year ended March 31, 2026 have been audited by the Statutory Auditors of the Company. The Statutory Auditors have expressed a modified opinion on the above results. <br /> 4. These financial results have been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. <br /> 5. There is no separate reporting segment as per the Indian Accounting Standard (Ind-AS 108) on segment reporting. <br /> 6. The Figures of the last quarter are the balancing figures in respect of financial results between audited figures of the financial year ended March 31, 2026 and the published year to date figures up to 3rd quarter i.e. December 31, 2025 of the current year, which were subjected to limited review. <br /> 7. Figures are rounded off to nearest rupees in lakhs. Components may not add up to their respective totals due to rounding off numbers to rupees lakhs. <br /> 8. Previous year / periods figures have been regrouped / reclassified, wherever necessary. <br /> The above financial results of the Company are available on the Company's website www.cmilimited.in and also at www.bseindia.com and www.nseindia.com <br /> <br /> 2025-04-012026-03-31AuditedStandalone5534060005171000558577000521314000003428800064470007436000035748000672157000-1135800000-1135800000000-1135800000000-1135800000-1135800001602700010-1578001000-7.09-7.0900-7.09-7.09000Other Expenses9951000Other Expenses35748000105273700028709000057420002456600000030000122390001224200085303300029128000200615700011594900005448050001552000209600005484530005007000296231000965640000002971797000160307000-1738308000-1578001000-1578001000153980000009356000247540001717000002647100037966620002534100037625600040159700030261300045008720002245500000045233270000045497980002971797000Other non-current assets29128000Other current assets296231000lease9356000lease1145000Other current financial liabilities301468000Other current liabilities224550006447000-18635000-9660000701400000000054491000074360000053000000000000-4067000000118697000511700000-1104000638000033750000000000000000000000000000000110400003115000421900000000000768000017450000644700000-7424000170000017000013810001551000000000Cmi Limited******Tanya******COMPANY SECRETARYRemuneration0COMPANY UNDER CIRP02023-07-281129000011290001129000AuditedQualified opinionKumar Pramod & Associatestrue2029-02-28553406000553406000672157000672157000-113580000-113580000-7.09-7.092971797000297179700045497980004549798000-1578001000-1578001000 Details of Audit Qualification: <br /> 1. The Company is undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC). <br /> 2. Going Concern Concept: The accumulated losses of the Company as at 31st March 2026 amount to Rs. 17,383.08 lakhs as against the paid-up share capital of Rs.1,602.74 lakhs, resulting in erosion of the net worth. The Company has been incurring losses for the past several years, creating material uncertainty regarding its ability to continue as a going concern. <br /> 3. The Company has not identified, measured, and disclosed employee benefits such as gratuity and leave encashment as required under Ind AS 19. <br /> 4. A comprehensive fixed asset register has not been maintained, and no physical verification report is available; accordingly, property, plant and equipment (PPE) are carried at book values brought forward from earlier years in accordance with the previous accounting records, and we are unable to verify their existence, ownership, and valuation as required under Ind AS 16 – Property, Plant and Equipment. <br /> 5. Information regarding lease arrangements, if any, has not been disclosed as required under Ind AS 116. <br /> 6. Non-disclosure of certain information and notes required under Ind AS 13 (Investments) and Ind AS 107 (Financial Instruments – Disclosures). <br /> 7. External confirmations for loan accounts, bank accounts and investments have not been obtained, and the balances are subject to reconciliation. <br /> 8. Confirmations for trade receivables and trade payables have not been provided by the Company. Likewise, confirmations and supporting details for advances to suppliers and advances from customers are not available. Therefore, their genuineness, recoverability, and accuracy cannot be verified. <br /> 9. Quantitative details and confirmations of inventories are not available. Consequently, existence and valuation could not be independently verified and have been taken at book values from previous years. <br /> 10. Cash balances and confirmations of cash equivalents have not been provided for verification. <br /> 11. Balances are subject to confirmation and verification; hence, their accuracy and recoverability remain unascertained. <br /> 12. These are subject to confirmation, and the extent of recoverability from current assets has not been ascertained. <br /> 13. Details of pending litigations and potential liabilities with the Income Tax, TDS, and GST Departments are not available. Consequently, the financial impact of such matters could not be ascertained. <br /> 14. The Company has not provided adequate documentary evidence for purchases of raw materials, and hence the genuineness and completeness of such transactions could not be verified. <br /> 15. Supporting evidence for sales transactions has not been furnished. Therefore, the occurrence and completeness of revenue could not be confirmed. <br /> 16. Details and supporting documents for salaries, wages, and other employee-related benefits are not available for verification. Further, expenses relating to workmen and staff welfare could not be verified in the absence of adequate supporting documentation. <br /> <br /> Qualified opinionRepetitive1. The Company is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC). <br /> <br /> Reply: The Hon’ble National Company Law Tribunal, Delhi Bench, (“NCLT”) vide its order dated July 28, 2023 (“Order”), pronounced on August 01, 2023, has admitted the application filed by Canara Bank (“Financial Creditor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“the Code”), read with rules and regulations framed thereunder for an alleged amount of default of Rs. 164.86 Crore and accordingly the corporate insolvency resolution process (“CIRP”) of the Company, CMI Limited (“Company”) has commenced with effect from July 28, 2023. <br /> Furthermore, the Hon’ble National Company Law Tribunal, Delhi Bench, (“NCLT”) has also approved the appointment of Mr. Deepak Maini as the Resolution Professional ("RP") to conduct the CIRP of the Company under section 16 of the Insolvency and Bankruptcy Code 2016. <br /> Furthermore, no Resolution Plan has been approved by the Committee of Creditors and consequently an application for seeking liquidation of the company is pending for consideration before Hon’ble Adjudicating Authority. <br /> <br /> 2. Going Concern Concept: The accumulated losses of the Company as at 31st March 2026 amount to Rs. 17,383.08 lakhs as against the paid-up share capital of Rs.1,602.74 lakhs, resulting in complete erosion of the net worth. The Company has been incurring continuous losses for the past several years, creating material uncertainty regarding its ability to continue as a going concern. <br /> Reply: The auditor has opined upon the going concern nature of the company due to consistent losses being incurred since the inception of Covid-19 due to the resultant market disruptions, minimal operations in the factory and risk carried by the company due to non-execution of orders by the company after Covid-19. The company could not honor its financial commitment towards its lenders. <br /> <br /> Pursuant whereof, one of the lender’s, filed an application against the company under section 7 of the Insolvency and Bankruptcy Code, 2016, read with rules and regulations framed thereunder (“the Code”) which has since been admitted by Hon’ble NCLT, New Delhi vide its order dated 28.07.2023. However, the business segment carries potential and the company can be revived in future. During the course of CIRP, the company is operating on some job work arrangement and has been meeting its liabilities incurred during CIRP period. Furthermore, no Resolution Plan has been approved by the Committee of Creditors and consequently an application for seeking liquidation of the company is pending for consideration before Hon’ble Adjudicating Authority. <br /> <br /> 3. The Company has not identified, measured, and disclosed employee benefits such as gratuity and leave encashment as required under Ind AS 19. <br /> <br /> Reply: The ascertainment of actuarial liability as required under Ind AS 19 involves significant cost, which the Company is unable to bear given its current status of undergoing the Corporate Insolvency Resolution Process (CIRP). The Hon’ble National Company Law Tribunal, Delhi Bench (“NCLT”), vide its order dated July 28, 2023, pronounced on August 01, 2023 (“Order”), admitted the application filed by Canara Bank (“Financial Creditor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016, along with the applicable rules and regulations framed thereunder (“the Code”). However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from employees in this regard have been admitted by the Company in accordance with the provisions of the Code and verified by the Resolution Professional. The same have also been intimated to Insolvency and Bankruptcy Board of Inia and have been uploaded there as well. <br /> <br /> 4. A comprehensive fixed asset register has not been maintained, and no physical verification report is available; accordingly, property, plant and equipment (PPE) are carried at book values brought forward from earlier years in accordance with the previous accounting records, and we are unable to verify their existence, ownership, and valuation as required under Ind AS 16 – Property, Plant and Equipment. <br /> <br /> Reply After the initiation of the CIRP, the assets of the company are under custody & control of the RP which has been valued after physical verification by the IBBI registered valuers for the purpose of CIRP. No further changes have been made in the fixed asset register. <br /> <br /> 5. Information regarding lease arrangements, if any, has not been disclosed as required under Ind AS 116. <br /> Reply- The Company has not entered into any new lease arrangements during the CIRP period without obtaining the approval of the Committee of Creditors. <br /> <br /> 6. Non-disclosure of certain information and notes required under Ind AS 13 (Investments) and Ind AS 107 (Financial Instruments – Disclosures). <br /> Reply- Relevant details as per the records available as on 28.07.2023 have been provided. <br /> <br /> 7. External confirmations for loan accounts, bank accounts and investments have not been obtained, and the balances are subject to reconciliation. <br /> <br /> Reply- Confirmation of loan account, bank account and investments not available and account balance subject to reconciliation as the company is under CIRP. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from creditors in this regard have been considered by the RP in accordance with the provisions of the Code and verified by the Resolution Professional. <br /> <br /> 8. Confirmations for trade receivables and trade payables have not been provided by the Company. Likewise, confirmations and supporting details for advances to suppliers and advances from customers are not available. Therefore, their genuineness, recoverability, and accuracy cannot be verified. <br /> <br /> Reply- Balances of trade receivables and trade payables are subject to confirmation and any recovery from them could not be ascertained due to constraints of CIRP. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from creditors in this regard have been considered by the Company in accordance with the provisions of the Code and verified by the Resolution Professional. <br /> <br /> 9. Quantitative details and confirmations of inventories are not available. Consequently, existence and valuation could not be independently verified and have been taken at book values from previous years. <br /> <br /> Reply- The records have been maintained and provided to the extent practicably possible, considering the nature of the products and the scale of operations as the Company is undergoing CIRP. <br /> <br /> 10. Cash balances and confirmations of cash equivalents have not been provided for verification. <br /> <br /> Reply- The details and supporting documents relating to cash balances and cash equivalents have been provided to the extent available during the tenure of the Corporate Insolvency Resolution Process (CIRP). No additional records or confirmations are available beyond those maintained and handed over during the CIRP period. <br /> <br /> 11. These are subject to confirmation, and the extent of recoverability from current assets has not been ascertained. <br /> <br /> Reply- Valuations of current assets as on CIRP commencement date have been done IBBI approved Registered Valuers which were appointed by RP after the voting by CoC while exercising their commercial wisdom. The status of the current assets is available to the Resolution Applicants to give their values in the resolution plans submitted by them. <br /> <br /> 12. Details of pending litigations and potential liabilities with the Income Tax, TDS, and GST Departments are incomplete. <br /> Consequently, the financial impact of such matters could not be ascertained. <br /> Reply: To the best of our knowledge, all the compliance to the applicable laws have been made during the CIRP process. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from statutory authorities in this regard have been considered by the Company in accordance with the provisions of the Code and verified as well as admitted by the Resolution Professional. <br /> <br /> 13. The Company has not provided adequate documentary evidence for purchases of raw materials, and hence the genuineness and completeness of such transactions could not be verified. <br /> <br /> Reply- The details and documents relating to purchases of raw materials have been provided to the extent available during the CIRP period. Further, an independent valuation of the Company’s assets has already been conducted by the valuers appointed in accordance with the provisions of the Insolvency and Bankruptcy Board of India (IBBI) regulations, and the same has been duly considered during the CIRP process. <br /> <br /> 14. Supporting evidence for sales transactions has not been furnished. Therefore, the occurrence and completeness of revenue could not be confirmed. <br /> <br /> Reply- The details and supporting records for sales transactions have been provided to the extent available during the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional has relied on the books of accounts and information maintained by the Company. <br /> <br /> 15. Details and supporting documents for salaries, wages, and other employee-related benefits are not available for verification. Further, expenses relating to workmen and staff welfare could not be verified in the absence of adequate supporting documentation. <br /> <br /> Reply- The details and supporting documents for salaries, wages, and other employee-related benefits have been provided to the extent available during the Corporate Insolvency Resolution Process (CIRP). Further, expenses relating to workmen and staff welfare have been reviewed and verified by the Internal Auditor appointed during the CIRP period, based on the records and information accessible at that time. <br /> NA1. The Company is under corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (IBC). <br /> <br /> Reply: The Hon’ble National Company Law Tribunal, Delhi Bench, (“NCLT”) vide its order dated July 28, 2023 (“Order”), pronounced on August 01, 2023, has admitted the application filed by Canara Bank (“Financial Creditor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (“the Code”), read with rules and regulations framed thereunder for an alleged amount of default of Rs. 164.86 Crore and accordingly the corporate insolvency resolution process (“CIRP”) of the Company, CMI Limited (“Company”) has commenced with effect from July 28, 2023. <br /> Furthermore, the Hon’ble National Company Law Tribunal, Delhi Bench, (“NCLT”) has also approved the appointment of Mr. Deepak Maini as the Resolution Professional ("RP") to conduct the CIRP of the Company under section 16 of the Insolvency and Bankruptcy Code 2016. <br /> Furthermore, no Resolution Plan has been approved by the Committee of Creditors and consequently an application for seeking liquidation of the company is pending for consideration before Hon’ble Adjudicating Authority. <br /> <br /> 2. Going Concern Concept: The accumulated losses of the Company as at 31st March 2026 amount to Rs. 17,383.08 lakhs as against the paid-up share capital of Rs.1,602.74 lakhs, resulting in complete erosion of the net worth. The Company has been incurring continuous losses for the past several years, creating material uncertainty regarding its ability to continue as a going concern. <br /> Reply: The auditor has opined upon the going concern nature of the company due to consistent losses being incurred since the inception of Covid-19 due to the resultant market disruptions, minimal operations in the factory and risk carried by the company due to non-execution of orders by the company after Covid-19. The company could not honor its financial commitment towards its lenders. <br /> <br /> Pursuant whereof, one of the lender’s, filed an application against the company under section 7 of the Insolvency and Bankruptcy Code, 2016, read with rules and regulations framed thereunder (“the Code”) which has since been admitted by Hon’ble NCLT, New Delhi vide its order dated 28.07.2023. However, the business segment carries potential and the company can be revived in future. During the course of CIRP, the company is operating on some job work arrangement and has been meeting its liabilities incurred during CIRP period. Furthermore, no Resolution Plan has been approved by the Committee of Creditors and consequently an application for seeking liquidation of the company is pending for consideration before Hon’ble Adjudicating Authority. <br /> <br /> 3. The Company has not identified, measured, and disclosed employee benefits such as gratuity and leave encashment as required under Ind AS 19. <br /> <br /> Reply: The ascertainment of actuarial liability as required under Ind AS 19 involves significant cost, which the Company is unable to bear given its current status of undergoing the Corporate Insolvency Resolution Process (CIRP). The Hon’ble National Company Law Tribunal, Delhi Bench (“NCLT”), vide its order dated July 28, 2023, pronounced on August 01, 2023 (“Order”), admitted the application filed by Canara Bank (“Financial Creditor”) under Section 7 of the Insolvency and Bankruptcy Code, 2016, along with the applicable rules and regulations framed thereunder (“the Code”). However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from employees in this regard have been admitted by the Company in accordance with the provisions of the Code and verified by the Resolution Professional. The same have also been intimated to Insolvency and Bankruptcy Board of Inia and have been uploaded there as well. <br /> <br /> 4. A comprehensive fixed asset register has not been maintained, and no physical verification report is available; accordingly, property, plant and equipment (PPE) are carried at book values brought forward from earlier years in accordance with the previous accounting records, and we are unable to verify their existence, ownership, and valuation as required under Ind AS 16 – Property, Plant and Equipment. <br /> <br /> Reply After the initiation of the CIRP, the assets of the company are under custody & control of the RP which has been valued after physical verification by the IBBI registered valuers for the purpose of CIRP. No further changes have been made in the fixed asset register. <br /> <br /> 5. Information regarding lease arrangements, if any, has not been disclosed as required under Ind AS 116. <br /> Reply- The Company has not entered into any new lease arrangements during the CIRP period without obtaining the approval of the Committee of Creditors. <br /> <br /> 6. Non-disclosure of certain information and notes required under Ind AS 13 (Investments) and Ind AS 107 (Financial Instruments – Disclosures). <br /> Reply- Relevant details as per the records available as on 28.07.2023 have been provided. <br /> <br /> 7. External confirmations for loan accounts, bank accounts and investments have not been obtained, and the balances are subject to reconciliation. <br /> <br /> Reply- Confirmation of loan account, bank account and investments not available and account balance subject to reconciliation as the company is under CIRP. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from creditors in this regard have been considered by the RP in accordance with the provisions of the Code and verified by the Resolution Professional. <br /> <br /> 8. Confirmations for trade receivables and trade payables have not been provided by the Company. Likewise, confirmations and supporting details for advances to suppliers and advances from customers are not available. Therefore, their genuineness, recoverability, and accuracy cannot be verified. <br /> <br /> Reply- Balances of trade receivables and trade payables are subject to confirmation and any recovery from them could not be ascertained due to constraints of CIRP. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from creditors in this regard have been considered by the Company in accordance with the provisions of the Code and verified by the Resolution Professional. <br /> <br /> 9. Quantitative details and confirmations of inventories are not available. Consequently, existence and valuation could not be independently verified and have been taken at book values from previous years. <br /> <br /> Reply- The records have been maintained and provided to the extent practicably possible, considering the nature of the products and the scale of operations as the Company is undergoing CIRP. <br /> <br /> 10. Cash balances and confirmations of cash equivalents have not been provided for verification. <br /> <br /> Reply- The details and supporting documents relating to cash balances and cash equivalents have been provided to the extent available during the tenure of the Corporate Insolvency Resolution Process (CIRP). No additional records or confirmations are available beyond those maintained and handed over during the CIRP period. <br /> <br /> 11. These are subject to confirmation, and the extent of recoverability from current assets has not been ascertained. <br /> <br /> Reply- Valuations of current assets as on CIRP commencement date have been done IBBI approved Registered Valuers which were appointed by RP after the voting by CoC while exercising their commercial wisdom. The status of the current assets is available to the Resolution Applicants to give their values in the resolution plans submitted by them. <br /> <br /> 12. Details of pending litigations and potential liabilities with the Income Tax, TDS, and GST Departments are incomplete. <br /> Consequently, the financial impact of such matters could not be ascertained. <br /> Reply: To the best of our knowledge, all the compliance to the applicable laws have been made during the CIRP process. However, pursuant to Public Announcement for calling of claims from stakeholders the relevant claims received from statutory authorities in this regard have been considered by the Company in accordance with the provisions of the Code and verified as well as admitted by the Resolution Professional. <br /> <br /> 13. The Company has not provided adequate documentary evidence for purchases of raw materials, and hence the genuineness and completeness of such transactions could not be verified. <br /> <br /> Reply- The details and documents relating to purchases of raw materials have been provided to the extent available during the CIRP period. Further, an independent valuation of the Company’s assets has already been conducted by the valuers appointed in accordance with the provisions of the Insolvency and Bankruptcy Board of India (IBBI) regulations, and the same has been duly considered during the CIRP process. <br /> <br /> 14. Supporting evidence for sales transactions has not been furnished. Therefore, the occurrence and completeness of revenue could not be confirmed. <br /> <br /> Reply- The details and supporting records for sales transactions have been provided to the extent available during the Corporate Insolvency Resolution Process (CIRP). The Resolution Professional has relied on the books of accounts and information maintained by the Company. <br /> <br /> 15. Details and supporting documents for salaries, wages, and other employee-related benefits are not available for verification. Further, expenses relating to workmen and staff welfare could not be verified in the absence of adequate supporting documentation. <br /> <br /> Reply- The details and supporting documents for salaries, wages, and other employee-related benefits have been provided to the extent available during the Corporate Insolvency Resolution Process (CIRP). Further, expenses relating to workmen and staff welfare have been reviewed and verified by the Internal Auditor appointed during the CIRP period, based on the records and information accessible at that time. <br /> Same as mention no other comments have been made by the AuditorsAMIT JAINNot appointmentCompany is under CIRPPramod Kumar GuptaDeepak Maini Resolution professionalNew Delhi2026-09-1638120610003812061000003812061000