Board Meeting Details

The Board of Directors meeting was held on 27th May 2026. Mr. Luv Malhotra, Managing Director of the Company, was selected as the Chairman of the meeting. The meeting commenced at 10:30 AM and concluded at 02:25 PM.

Key Approvals

The Board considered and approved:

  • Audited Financial Results (Standalone and Consolidated) for the Fourth Quarter and Year ended 31st March 2026
  • The results were filed together with Auditors Review Report of the Statutory Auditors

Financial Results Overview

Standalone Performance (Year ended 31/03/2026)

  • Total Income: ₹10,941.81 lacs (Previous year: ₹11,134.38 lacs)
  • Profit before tax: ₹2,201.00 lacs (Previous year: ₹3,436.57 lacs)
  • Total Comprehensive Income: ₹1,618.72 lacs (Previous year: ₹2,475.01 lacs)
  • EPS: ₹2.95 (Basic & Diluted)

Consolidated Performance (Year ended 31/03/2026)

  • Total Comprehensive Income: ₹49,631.07 lacs (Previous year: negative ₹678.23 lacs)
  • Significant increase due to revaluation surplus of fixed assets

Quarterly Performance (Q4 ended 31/03/2026)

Standalone:

  • Revenue from Operations: ₹2,697.41 lacs
  • Other Income: ₹376.75 lacs
  • Total Income: ₹3,074.15 lacs
  • Profit before tax: ₹960.19 lacs
  • EPS: ₹1.28

Consolidated:

  • Total Comprehensive Income: ₹53,562.33 lacs
  • EPS: ₹449.00

Key Audit Matter - Subsidiary Asset Revaluation

The consolidated financial statements include a significant revaluation of building by foreign subsidiary CJSC CHL International:

  • Carrying amount of Building increased by ₹529.07 crore to ₹673.55 crore
  • Corresponding credit recognized under "Revaluation Reserve" in equity
  • Revaluation based on independent professional valuer's report
  • Valuation involves significant management judgment and estimation uncertainty

Subsidiary Financials

CJSC CHL International (audited by other auditors) showed:

  • Total assets: ₹76,453.04 lacs as at 31st March 2026
  • Total revenue: ₹1,849.99 lacs (Q4) and ₹5,573.32 lacs (FY)
  • Net profit/(loss) after tax: ₹188.56 lacs (Q4) and negative ₹1,573.69 lacs (FY)
  • Total comprehensive income/(loss): ₹52,861.75 lacs (Q4) and ₹48,054.36 lacs (FY)
  • Cash flows (net): negative ₹7.34 lacs for the year

EXIM Bank Litigation (Emphasis of Matter)

The auditors drew attention to ongoing litigation regarding EXIM Bank loan:

  • Loan availed by CHL International (subsidiary) for which CHL Limited is guarantor
  • Cases filed by EXIM Bank against company pending in Supreme Court of India and Debt Recovery Tribunal, Delhi
  • One Time Settlement entered for amount of ₹34 million (USD 34 Million) vide EXIM Bank approval letter dated 23.11.2023
  • Economic Court of Dushanbe crystalized liability against borrowers/guarantors to USD 34 Million vide judgement dated 12.12.2023 in Case No. 52/2023
  • OTS under implementation as on balance sheet date
  • EXIM Bank filed separate applications in pending cases before Debt Recovery Tribunal-III
  • Civil Appeal No. 1671 of 2019 pending before Supreme Court of India

Cash Flow Statements

Standalone Cash Flows (Year ended 31/03/2026)

  • Net cash from operating activities: ₹1,945.70 lacs
  • Net cash used in investing activities: negative ₹1,311.14 lacs
  • Net cash used in financing activities: negative ₹486.83 lacs
  • Net increase in cash: ₹147.73 lacs
  • Closing cash balance: ₹3,914.14 lacs

Consolidated Cash Flows (Year ended 31/03/2026)

  • Net cash from operating activities: ₹4,304.72 lacs
  • Net cash used in investing activities: negative ₹54,514.06 lacs
  • Net cash from financing activities: ₹50,351.20 lacs
  • Net increase in cash: ₹140.40 lacs
  • Closing cash balance: ₹4,063.60 lacs

Capital Structure

  • Paid-up equity share capital: ₹1,096.37 lacs (face value ₹2 each)
  • No change in share capital during the period