Key Financial Figures - Standalone (₹ in Lakhs)

Income Statement Q1 FY27:

  • Total Income: ₹5,936.49
  • Total Expenses: ₹8,039.57
  • Loss before exceptional items and tax: ₹(2,102.44)
  • Exceptional Items: None
  • Tax Expense: None (due to losses)
  • Net Loss for period: ₹(2,102.44)
  • Other Comprehensive Income: ₹386.85
  • Total Comprehensive Loss: ₹(2,102.44)
  • Basic/Diluted EPS: ₹(0.43)
  • Paid-up Equity Share Capital: ₹9,779.02 (Face Value ₹2 per share)

Comparative Figures:

  • Previous quarter (Q4 FY26): Net Loss ₹(4,285.15)
  • Corresponding quarter previous year (Q1 FY26): Net Profit ₹2,367.94

Key Financial Figures - Consolidated (₹ in Lakhs)

Income Statement Q1 FY27:

  • Total Income: ₹5,936.49
  • Total Expenses: ₹8,039.57
  • Loss before exceptional items and tax: ₹(2,103.08)
  • Exceptional Items: None
  • Tax Expense: None
  • Share of Profit from Group Companies: ₹1,869.34
  • Net Loss for period: ₹(233.74)
  • Total Comprehensive Loss: ₹(233.74)
  • Basic/Diluted EPS: ₹(0.05)

Comparative Figures:

  • Previous quarter (Q4 FY26): Net Loss ₹(3,051.16)
  • Corresponding quarter previous year (Q1 FY26): Net Profit ₹2,013.98

Segment Performance - Standalone (₹ in Lakhs)

Revenue by Segment Q1 FY27:

  • Tea: ₹2,868.73
  • Electrical-Chennai: ₹2,063.13
  • Engineering: ₹884.48
  • Unallocated: ₹13.38
  • Total Segment Revenue: ₹5,829.72
  • Less Inter-segment Revenue: None
  • Total Revenue: ₹5,829.72

Segment Results (Profit/Loss before tax and interest):

  • Tea: ₹(1,259.09)
  • Electrical-Kolkata: ₹(21.06)
  • Electrical-Chennai: ₹143.24
  • Engineering: ₹300.60
  • Total Segment Loss: ₹(1,106.80)

Emphasis Matters from Auditors

Audit Trail Deficiencies:

  • Company introduced "Audit Trail" features for financial transactions only (e.g., Cashbook)
  • Ministry of Corporate Affairs requires whole accounting system under audit trail
  • Significant manual intervention for consolidation purposes
  • Lack of integrated system gives higher level of audit risk

Subsidiary Closure Proposals:

  • Proposal for closure of Yule Electrical Ltd. and Yule Engineering Ltd. (wholly-owned subsidiaries)
  • Closure proposal submitted to Ministry of Heavy Industries, Govt. of India on 4th January, 2023

Delayed Statutory Payments:

  • Delay in deposit of PF, DLI, PF Administration charges, and payment of Gratuity and Leave encashment
  • Outstanding liabilities as of 30 June 2026:
  • Provident Fund: ₹5,566.54 lakhs
  • Gratuity: ₹1,903.11 lakhs
  • Penalty/demurrage of ₹337.47 lakhs not considered or accounted for

SEBI Penalty:

  • Penalty of ₹66.04 lakhs levied by SEBI for non-compliance with LODR regulations
  • Upto 31 March 2026: ₹60.73 lakhs
  • June Quarter 2026: ₹5.31 lakhs
  • Based on master circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11.11.2024
  • Company has requested waiver of penalty via letters dated:
  • 30.05.2025 (AY/Sectl/BSE)
  • 29.08.2025 (AY/Sectl/BSE)
  • 27.05.2026 (AY/Sectl/BSE)
  • Penalty has been provided for in accounts

Other Matters - Consolidated Results

Subsidiary Status:

  • Yule Engineering Ltd: Not a going concern as defined in IND AS-1, no significant transactions or operating activity
  • Yule Electrical Ltd: Not able to realize assets or discharge liabilities in normal course of business

Limited Review Scope:

  • Two subsidiaries with total assets of ₹0.06 lakhs not reviewed by main auditors
  • Their results include total revenue of Nil, net loss of ₹0.64 lakhs for Q1 FY27
  • Associate company Veedol Corporation Limited results reviewed by other auditor
  • Group share of total comprehensive income: ₹1,869.34 lakhs for Q1 FY27

Accounting Policies and Notes

Framework:

  • Prepared in accordance with Indian Accounting Standards (Ind AS)
  • Adopted INDAS-116 effective 01/04/2019 with specific application criteria

Tax Treatment:

  • No provision for current tax considered due to losses incurred
  • Calculation of actuarial liability for gratuity & deferred tax done on half-yearly and annual basis

Previous Year Figures:

  • Figures of previous year rearranged and regrouped wherever necessary