Earnings per equity share (₹10/- each): (₹0.11) [Basic and diluted]
Debt Service Coverage Ratio: 0.05
Interest Service Coverage Ratio: 2.31
Debt Equity Ratio: 18.17
Comparative Figures
Net Profit/(Loss) for Q4 FY26 (Previous Quarter): ₹374.76 crore
Net Profit/(Loss) for Q1 FY26 (Year-Ago Quarter): (₹274.16) crore
EPS for Q4 FY26: ₹0.90
EPS for Q1 FY26: (₹0.66)
Governance and Compliance Highlights
The company currently has no Independent Directors on its Board.
Consequently, an Audit Committee has not been constituted.
The financial results were therefore reviewed and approved directly by the Board of Directors.
The company has not constituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee effective from April 2026. This is non-compliant with Regulation 18, 19, and 20 of SEBI LODR and Sections 177 & 178 of the Companies Act, 2013.
The reason cited is the lack of requisite number of Independent Directors as mandated.
Regulatory and Procedural Details
The results were reviewed by the statutory auditors, N. Tatia & Associates, Chartered Accountants (FRN 0110678).
The auditors issued a Limited Review Report under SRE 2410, stating nothing came to their attention to believe the statement contains material misstatements.
The auditors' report includes an emphasis of matter paragraph regarding the governance issues (no independent directors, no committees), but their opinion is not qualified on this matter.
The financial results have been prepared in accordance with Indian Accounting Standards (IND AS).
Arrangements have been made to publish an extract of the results in a national daily (English) and a local daily (Kannada) newspaper.
The Board Meeting commenced at 12:00 Noon and concluded at 1:45 P.M. on 31.07.2026.
