WILLAMAGOR2026-01-012026-03-31WILLAMAGOR2026-03-31WILLAMAGOR2025-03-31WILLAMAGOR2025-04-012026-03-31WILLAMAGOR2026-01-012026-03-31in-capmkt:OtherExpenses1MemberWILLAMAGOR2026-01-012026-03-31in-capmkt:OtherExpenses2MemberWILLAMAGOR2026-01-012026-03-31in-capmkt:OtherExpenses3MemberWILLAMAGOR2025-04-012026-03-31in-capmkt:OtherExpenses1MemberWILLAMAGOR2025-04-012026-03-31in-capmkt:OtherExpenses2MemberWILLAMAGOR2025-04-012026-03-31in-capmkt:OtherExpenses3MemberWILLAMAGOR2026-03-31OtherFinancialAssetsDomain1WILLAMAGOR2026-03-31OtherNonFinancialAssetsDomain1WILLAMAGOR2026-03-31OtherFinancialLiabilitiesDomain1WILLAMAGOR2026-03-31OtherNonFinancialLiabilitiesDomain1WILLAMAGOR2026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1WILLAMAGOR2026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss2WILLAMAGOR2025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1WILLAMAGOR2025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss2WILLAMAGOR2026-01-012026-03-31AuditorDomain1WILLAMAGOR2026-01-012026-03-31in-capmkt:AuditedMemberWILLAMAGOR2026-03-31in-capmkt:AuditedMemberWILLAMAGOR2026-01-012026-03-31in-capmkt:AdjustedMemberWILLAMAGOR2026-03-31in-capmkt:AdjustedMemberWILLAMAGOR2026-01-012026-03-31AuditQualification1WILLAMAGOR2026-01-012026-03-31AuditQualification2WILLAMAGOR2026-01-012026-03-31AuditQualification3WILLAMAGOR2026-01-012026-03-31AuditQualification4WILLAMAGOR2026-01-012026-03-31AuditQualification5WILLAMAGOR2026-01-012026-03-31AuditQualification6iso4217:INRiso4217:INRxbrli:shares519224WILLAMAGORNOTLISTEDINE210A01017WILLIAMSON MAGOR & COMPANY LIMITEDMain BoardEquity2025-04-012026-03-312026-05-262026-05-18INRLakhsQuarterlyFourth quarterSingle segmentInvestment & Lending2026-05-2613:00:002026-05-2618:55:00trueCash Flow IndirectStatement on impact of audit qualification2026-01-012026-03-31AuditedConsolidated2000000000640000642000196700026090000008590001480005000000027170003729000-11200000-112000002414000024140000-25260000000-24000-25284000-442984000-468268000000010956400010-2.31-2.3100-2.31-2.312025-04-012026-03-31AuditedConsolidated90008649000000006735000153930001511786000152717900000034920001019000160000000150957700015141040001307500001307500002561600025616000-12541000000-36000-125770007481300062236000000010956400010-2322444000-1.15-1.1500-1.15-1.15Legal and Professional Charges635000Asset Written Off-183000Other expenses2265000Legal and Professional Charges3058000Asset Written Off1501153000Other expenses536600026890001350000932820006156850000197657400071440002695509000029110001265132000006530000000153400012702300003965739000109564000-2322444000-22128800000-22128800000003710600076140005357000335091000519960800046760000576532000616598400003472000091630001263500061786190003965739000Other Financial assets7144000Other non-financial assets1534000Other financial liabilities576532000Other non-financial liabilities9163000Changes in fair value of FVOCI Equity Instruments-516910000Remeasurement of post-employment benefit obligations8000-516902000Changes in fair value of FVOCI Equity Instruments187617000Remeasurement of post-employment benefit obligations8000187625000-73918000112812000-4429840007481300010190000-3555000-420000-4360000150115300001511000010870000160000-1511646000-6200010193000-4730000000000000-12350001184000000013450000104950000000000000000000000000000000000000000000173050002492300000101900000-86370001858000018580009660002824000AuditedQualified opinionV Singhi & Associatestrue2027-02-281527179000152717900015141040002185469000-12577000-683906000-1.15-62.423965739000372362400061786190006607870000-2212880000-2884246000(1) Going Concern Assumption in preparation of the Statement <br></br> <br></br> The Parent Company had defaulted in repayment of borrowings to its financial institutional lenders and others. In view of the Management, the Parent Company would be able to improve its net working capital position to discharge its current and non-current financial obligations. However, in view of the uncertainties involved, these events and conditions indicate a material uncertainty which may cast a significant doubt on the Parent Companys ability to continue as a going concern. Accordingly, the use of going concern assumption of accounting in preparation of this Statement is not adequately and appropriately supported as per the requirements of Indian Accounting Standard 1 Presentation of Financial Statements.Qualified opinionRepetitiveNot quantified.Estimation not possible.Estimation not possible.Not able to comment on impact of going concern assumption at present (Refer (a) Basis for Qualified Opinion).(2) Non-recognition of Interest Expense <br></br> <br></br> We draw attention to Note No. 5 (b) of the Statement relating to non-recognition of interest expense on secured borrowings from financial institutions and unsecured inter-corporate borrowings. As the matter is under dispute / negotiation, the Parent Company has neither recognized nor ascertained any finance cost on such secured borrowings for the period given hereunder: <br></br> <br></br> Sl. <br></br> No. Name of the Secured Lender Period for which interest has not been provided for <br></br> 1 HDFC Bank Limited From April, 2021 upto March, 2026 <br></br> <br></br> Interest expense on unsecured inter-corporate borrowings amounting to Rs. 4,29,251 thousand for the year ended 31st March, 2026 including Rs. 1,05,962 thousand for the quarter ended on that date has not been recognised by the Parent Company. As a result, finance cost and liability on account of interest to that extent is understated and Total Comprehensive Loss is understated. Further, penal/compound interest and other adjustments in respect of borrowings have not been recognised and amount payable to the lenders and other parties in this respect are lacking confirmation from respective parties and consequential reconciliation. Pending final determination of amounts with respect to these, adjustments and impacts arising therefrom have not been ascertained and as such cannot be commented upon by us. <br></br> This constitutes a departure from the requirements of Indian Accounting Standard 109 Financial Instruments and accrual basis of accounting.Qualified opinionRepetitiveThe Parent Company has disagreement with lenders regarding the steep interest rates hence nothing is provided nor paid by the company. <br></br> As the matter is under dispute, the Board of Directors has decided not to recognize interest expense on its borrowings for the current period in the Audited Financial Results as the same is unascertainable at present.Not Applicable.Not Applicable.Not able to comment on impact of going concern assumption at present (Refer (b) Basis for Qualified Opinion).(3) Default in repayment of Interest and Principal of Debt Securities <br></br> We draw attention to Note No. 6 of the Statement with respect to default in repayment of Principal and Interest on Non-Convertible Debentures issued to IL&FS Financial Services Limited and subsequent settlement agreed upon. In earlier years, Security provided by the Parent Company by way of mortgage/pledge of certain properties with the Debenture Trustee against issue of above debentures have been invoked by the Debenture Trustee from time to time. <br></br> The Management has ascertained and decided to adjust disposal proceeds and payment made as per the settlement agreement from the outstanding value of debentures and estimated interest as per the repayment schedule. We are unable to ascertain the effect of the same as of now due to the lack of requisite confirmations and pending reconciliations.Qualified opinionRepetitiveNot quantified.Estimation not possible.Estimation not possible.The Management need to take confirmation and do reconciliation to calculate the impact on Debt Securities. (Refer (c) Basis for Qualified Opinion).(4) Balances of receivables, unsecured and secured loan creditors and their balance confirmations. <br></br> We draw attention to Note No. 9 with respect to certain balances, relating to trade and other receivables and liabilities including those payable to loan creditors lacking reconciliation and confirmation. Non-determination/ recognition of amount payable in respect of claims pursuant to the undertaking executed between the Parent company and the lenders in respect of certain group companies regarding company's obligation in respect of the settlement arrived at with corporate lenders. Pending determination of the company's obligation and finalization of terms and conditions following the agreement arrived at with the parties, adjustments to be made in this respect are currently not ascertainable and as such cannot be commented upon by us.Qualified opinionRepetitiveNot quantified.Estimation not possible.Estimation not possible.The Management need to take confirmation and do reconciliation to calculate the impact of Borrowings and Loans and Advances. (Refer (d) Basis for Qualified Opinion).(5) Default in payment of interest and repayment of principal of secured and unsecured loans <br></br> <br></br> We draw attention to Note No. 5(b) & 8 of the Statement with respect to default in payment of interest and repayment of principal of Loan borrowed from secured and unsecured lenders of the Company.Qualified opinionWhether appeared first timeNot quantified.Estimation not possible.Estimation not possible.Not able to comment on impact at present. (Refer (e) Basis for Qualified Opinion). (6) Recognition of Deferred Tax Assets <br></br> <br></br> We draw attention to Note No. 10 of the Statement relating to recognition of Deferred Tax Assets amounting to Rs. 12,65,137 thousand as at 31st March, 2026. Considering the managements assessment of going concern assumption in the Statement, the threshold of reasonable certainty for recognizing the deferred tax assets as per Indian Accounting Standard 12 Income Taxes has not been met. Consequently, deferred tax assets are overstated and total comprehensive income for the year ended 31st March, 2026 is understated by that extent.Qualified opinionRepetitiveNot quantified.Estimation not possible.Estimation not possible.Not able to comment on impact at present. (Refer (f) Basis for Qualified Opinion). SUDIPTA CHAKRABORTYSUDIPTA CHAKRABORTYTABREZ AHMEDV. SINGHI & ASSOCIATESKOLKATA2026-05-26