Key Financial Figures - Standalone (in Lacs INR)

Income Statement:

  • Total Income from Operations (Net): ₹10,941.81 for FY2026 (₹11,134.38 in FY2025)
  • Profit before Tax: ₹2,201.00 for FY2026 (₹3,436.57 in FY2025)
  • Profit for the period: ₹1,615.73 for FY2026 (₹2,492.56 in FY2025)
  • Total Comprehensive Income: ₹1,618.72 for FY2026 (₹2,475.01 in FY2025)

Balance Sheet:

  • Paid-up Equity Share Capital: ₹1,096.37 (unchanged)
  • Reserves excluding revaluation reserve: ₹36,643.65
  • Total Assets: ₹21,970.09 as of 31.03.2026

EPS:

  • Basic & Diluted EPS: ₹1.57 for FY2026 (₹1.02 for FY2025)

Key Financial Figures - Consolidated (in Lacs INR)

The consolidated results include CJSC CHL International as a subsidiary:

  • Subsidiary Total Assets: ₹76,453.04 as of 31st March, 2026
  • Subsidiary Total Revenue: ₹5,573.32 for FY2026
  • Subsidiary Net Loss after tax: ₹(1,573.69) for FY2026
  • Subsidiary Total Comprehensive Income: ₹48,054.36 for FY2026

Key Audit Matter - Revaluation of Building by Foreign Subsidiary

During the year, CJSC CHL International (foreign subsidiary) revalued its building based on a valuation report from an independent professional valuer. This resulted in:

  • Increase in carrying amount of Building by ₹5,290.70 Million (₹529.07 Crore)
  • New carrying amount: ₹6,735.50 Million (₹673.55 Crore)
  • Corresponding credit recognized under "Revaluation Reserve" in equity in accordance with Indian Ind AS 16
  • The revaluation was considered a Key Audit Matter due to materiality (₹529.07 Crore) and significant judgment involved in valuation assumptions

Emphasis of Matter - EXIM Bank Litigation

The audit report highlights ongoing litigation related to a loan from EXIM Bank:

  • CJSC CHL International availed term loan of USD 32.50 million from EXIM Bank for hotel construction in Dushanbe, Tajikistan
  • CHL Limited provided corporate guarantee, Late Dr. L K Malhotra provided personal guarantee
  • EXIM Bank filed cases against CHL Limited pending in Supreme Court of India and Debt Recovery Tribunal, Delhi
  • One Time Settlement (OTS) executed for USD 34 Million (₹34 Million mentioned in document)
  • Economic Court of Dushanbe crystallized liability at USD 34 Million vide judgement dated 12.12.2023 in Case No. 52/2023
  • OTS is under implementation as of balance sheet date
  • EXIM Bank's Civil Appeal No. 1671 of 2019 pending before Supreme Court challenging NCLAT judgement

Other Significant Disclosures

  • Property Tax of ₹10.62 Crores paid under MCD Amnesty Scheme for last six years during FY2025-26
  • Exchange fluctuations accounted for by CHL International subsidiary disclosed under other comprehensive income
  • The company operates in one segment only with no separate reportable segments
  • Cash Flow Statements show:
  • Standalone: Net cash from operating activities ₹1,945.70 Lacs
  • Consolidated: Net cash from operating activities ₹4,304.72 Lacs