Deep Industries reported audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026, approved by the board on May 14, 2026.
Results include a significant exceptional loss of ₹20,828.49 lakhs from writing off legacy trade receivables inherited from the merger with Kandla Energy & Chemicals Ltd.
The company completed the amalgamation of its wholly-owned subsidiary Kandla Energy & Chemicals Ltd, with an appointed date of March 31, 2025, requiring restatement of comparative figures.
Auditors issued an unmodified opinion, noting the exceptional item as a one-time, non-recurring adjustment related to post-merger balance sheet strengthening.