Macfos Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Board of Directors of the Company, at its meeting held on 11-08-2026, approved the voluntary adoption of Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013. The adoption is effective from 01-04-2026.
Key Details of the Adoption:
- Existing framework: Indian GAAP (Accounting Standards notified under Companies (Accounting Standards) Rules, 2006)
- New framework adopted: Indian Accounting Standards (Ind AS)
- Nature of adoption: Voluntary (not mandatorily applicable to the Company as its securities are listed on the SME Platform)
- First Ind AS reporting period: Q1 1ST APRIL 2026 TO 30TH JUNE 2026
- Reason for adoption: To enhance comparability of financial statements with industry peers, improve transparency for investors, and align with global reporting standards
Regulatory and Procedural Aspects:
- The adoption is irrevocable as per the applicable provisions of Ind AS 101 – First-time Adoption of Indian Accounting Standards
- The Company shall continue to prepare its financial statements in accordance with Ind AS for all subsequent reporting periods
- The Company will file its financial results under Ind AS along with the requisite reconciliation statements, as applicable, in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015