0000002025-10-012026-03-310000002026-03-310000002025-03-310000002025-04-012026-03-310000002025-10-012026-03-31in-capmkt:OtherExpenses1Member0000002025-04-012026-03-31in-capmkt:OtherExpenses1Member0000002026-03-31OtherLongTermLiabilitiesDomain10000002026-03-31OtherCurrentLiabilitiesDomain10000002026-03-31OtherNoncurrentAssetsDomain10000002026-03-31OtherCurrentAssetsDomain10000002025-10-012026-03-31AuditorDomain10000002025-10-012026-03-31in-capmkt:AuditedMember0000002026-03-31in-capmkt:AuditedMember0000002025-10-012026-03-31in-capmkt:AdjustedMember0000002026-03-31in-capmkt:AdjustedMember0000002025-10-012026-03-31AuditQualification10000002025-10-012026-03-31AuditQualification20000002025-10-012026-03-31AuditQualification30000002025-10-012026-03-31AuditQualification40000002026-03-31Statement10000002025-10-012026-03-31Statement10000002026-03-31StatementDynamic1I1Statement10000002026-03-31StatementDynamic1I2Statement10000002026-03-31StatementDynamic1I3Statement1iso4217:INRxbrli:pureiso4217:INRxbrli:shares000000MOXSHNOTLISTEDINE0N6D01014Moxsh Overseas Educon LimitedSMEEquity2025-04-012026-03-312026-05-302026-05-16INRLakhsHalf YearlyYearlySingle segmentCoaching and Counseling2026-05-3018:00:002026-05-3019:00:00trueCash Flow IndirectStatement on impact of audit qualificationfalsefalseNANAfalsetrue2025-05-28www.moksh16.comtrue1falseNot Applicable2025-10-012026-03-31AuditedStandalone939440002528000964720001981000008985000361600080920001929200041966000545060000545060000545060000126240001262400041882000000418820004188200093408000104.634.632025-04-012026-03-31AuditedStandalone1168710002856000119727000369400000240420007751000140750004297400092536000271910000271910000271910000562000056200002157100000021571000215710009340800010600200002.392.39Other Expenses19292000Other Expenses429740009340800060020000320000015662800000695000405800017690006522000357130001600030861000308770004387000833000718100002349600002904500063702000927470001000002216000016790001166860000081630000742300001900600010215000118274000234960000Not quantifiable Other non-current liabilities4058000Other current liabilities4387000Other non-current assets1679000Other current assets10215000618400014075000000000002025900001473000-985900027936000-4697000-95900013894000341530006134400000-7580000-10765000498210000049821000000000000652980000000000758000054930000-5904700000-590470003340800000018294000000-61840008930000008930000-2960000-296000688000392000AuditedQualified opinionS S S R & Associates LLPtrue2027-10-3111972700086483000925360009253600021571000-70030002.39-0.77234960000205690000234960000205690000156628000128054000We draw attention to the revenue from service charges under standalone Revenue from operations, from Xera Global Education Pvt. Ltd., (XGEPL) a related party, amounting to Rs. 332.07 lakhs during the year. The management has explained that it pertains to revenue charges towards students enrolled for various courses through XGEPL. <br></br> <br></br> However, based on the verification of the agreements/ contracts, workings pertaining to such <br></br> revenue, student-wise listing & test-check of panel data of the courses along with relevant <br></br> documents, we believe that the courses for Ausbildung program across various streams (Hotel management, Warehousing & Logistics, Medical & Dental etc.) are going to be delivered in <br></br> Financial Year 2026-2027 and we believe only the pre-interview and registration stages have <br></br> been done in few cases. <br></br> <br></br> As such, the revenue for service charges from XGEPL for Ausbildung program, shall not be <br></br> recognized during FY 2025-26, since it does not accrue in FY 2025-26, as the performance <br></br> obligations are not fully met, the significant risks and rewards have not been transferred and the <br></br> collection of the amount is also pending till the date of signing of this report. <br></br> <br></br> The said revenue from XGEPL was towards students introduced by them to the company. The <br></br> arrangement between XGEPL and the Company is to pay fixed fees by XGEPL to the Company. <br></br> Further, we have not received the approval from Board of Directors with respect to said related <br></br> party transaction and the basis/justification for arms-length transaction for such related party <br></br> transactions. <br></br> <br></br> Accordingly, the revenue from operations and the profit after tax for the year ended March 31, <br></br> 2026 appear to be overstated by INR 332.43 lakhs and the due from related party as at March <br></br> 31, 2026 appears to be overstated by INR 385.16 lakhs, in the standalone financial results as at <br></br> and for the year ended March 31, 2026. Therefore, we were unable to comment on the amount <br></br> of revenue recognized in the books of accounts during the year. Consequently, we were unable <br></br> to determine whether any adjustments were necessary. Qualified opinionWhether appeared first timeNot quantifiable The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.Our view remains unchanged considering the matters referred as above. The Company has capitalised expenditure aggregating to Rs. 286.47 lakhs pertaining to the <br></br> Furniture and Fittings and related labour costs at multiple locations. <br></br> <br></br> Management has provided invoice copies for the capital expenditure carried out during past <br></br> years. However, the company has not provided the basis for capitalization, such as architect's <br></br> certificate (certifying the quantum of work involved, location-wise cost break-up etc), as Property, <br></br> Plant and Equipment under the applicable accounting standards. <br></br> <br></br> Consequently, we are unable to comment on the nature and the quantum of work Capitalised <br></br> and whether any consequential adjustments were required to Property, Plant and Equipment, <br></br> depreciation expense, profit for the year, and related disclosures.Qualified opinionWhether appeared first timeNot quantifiable The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.Our view remains unchanged considering the matters referred as above. We draw attention to the software development income under revenue from operations <br></br> amounting to Rs. 97 lakhs, which has been presented as unbilled revenue in the standalone <br></br> financial results at the selling price value. The invoice was reported in GST return in the month of <br></br> April, 2026. <br></br> <br></br> However, we believe the above represents the software was ready for delivery and as such, the <br></br> same should be presented under inventories and accordingly valued at cost or net releasable <br></br> value, whichever is lower. <br></br> <br></br> In the absence of such information and adjustments, we are unable to comment on the carrying <br></br> value of the aforesaid software inventory in the books of accounts during F.Y. 2025-26 and the <br></br> related adjustments, if any Qualified opinionWhether appeared first timeNot quantifiable The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.Our view remains unchanged considering the matters referred as above. We draw attention to the recoverability of trade receivables overdue for a period of more than 2 <br></br> years aggregating to Rs. 168.48 lakhs as at March 31, 2026. As per management <br></br> representation, recovery of said dues is under process and they expect to recover the same in <br></br> due course. <br></br> <br></br> However, since the said receivables are outstanding for more than 2 years, hence, in this regard, <br></br> we are unable to ascertain the recoverability of said dues and quantify whether there will be any <br></br> bad or doubtful debt out of the old receivables of Rs. 168.48 Lakhs. <br></br> <br></br> Further the management of the company has also neither assessed the amount of doubtful or <br></br> bad debts out of the total trade receivable nor provided for such doubtful/ bad debts, if any. <br></br> In our opinion, provision for such doubtful or bad debts or any adjustments/impairments as <br></br> required should have been made in the standalone financial results of the Company towards the <br></br> total outstanding receivables and hence we cannot draw any conclusion on recovery of such <br></br> receivables as on the balance sheet date <br></br> Qualified opinionWhether appeared first timeNot quantifiable The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.The Management is unable to comment on the consequential impact of the <br></br> above matter on the financial statement.Our view remains unchanged considering the matters referred as above. Dhananjay ShahSandhya Prashant KulkarniMohit VanawatS S S R & Associates LLPMumbai2026-05-30Preferential Issues2026-01-19430080002026-03-31falsefalsefalsefalsefalseDhananjay Jaichand ShahManaging DirectorMumbai2026-05-30Working Capital RequirementsNA16308000057150000Repayment of LoanNA160000000160000000General Corporate PurposesNA10700000046830000