Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Financial Year ended March 31, 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results
Date of Board Meeting / Approval: May 26, 2026 (commenced at 5:00 PM, concluded at 6:30 PM)
Audit Opinion: Qualified Opinion on both Standalone and Consolidated Financial Results
Auditor's Comment: M/s. B J S and Associates, Chartered Accountants (FRN:113268W) issued audit reports with modified opinion citing seven specific qualifications affecting financial statement accuracy
Key Financial Highlights [₹ in Lakhs]
Standalone Results:
Revenue from Operations: Not explicitly disclosed
Total Income: ₹682.67
EBITDA: Not disclosed
Net Profit: ₹11.01
EPS: ₹0.16
Other Equity: (₹27,850.27)
Cash and Cash Equivalents: ₹96.21
Debt: Not specifically broken out
Consolidated Results:
Revenue from Operations: Not explicitly disclosed
Total Income: Not separately disclosed
EBITDA: Not disclosed
Net Profit: ₹11.10 (attributable to shareholders)
EPS: ₹0.16 (Basic)
Other Equity: (₹27,944.63)
Cash and Cash Equivalents: ₹96.21
Debt: Not specifically broken out
Segment-wise Performance:
The Company is primarily engaged in Electrical products like Power & Distribution Transformers, its parts and Hydro projects which constitute a single segment under Ind AS 108.
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced.
Other Significant Information:
Basis of Preparation: Financial results prepared on going concern basis considering receipt of ₹78 crore from successful bidder for sale of company as going concern under regulation 32(e) of IBBI Liquidation Process Regulations 2016
Audit Qualifications Impact Statement: Management unable to estimate impact of audit qualifications due to ongoing verification and reconciliation processes inherited from pre-resolution period
Major Audit Qualifications Include:
- Trade receivables of ₹39.86 crore outstanding for over 3 years without expected credit loss provision
- Unreconciled bank balances and other current assets totaling ₹22.78 crore
- No impairment assessment of assets despite prolonged production suspension
- No deferred tax recognition under Ind AS 12
- No actuarial valuation of employee benefit obligations
- No impairment assessment of investment in subsidiary IMP Energy Limited (₹77.48 lakhs)
- Pending accounting treatment for debt write-back/write-off due to ongoing court proceedings
Assets and Liabilities (Standalone as of March 31, 2026):
- Total Assets: ₹26,510.70 lakhs
- Property, Plant and Equipment: ₹4,119.38 lakhs
- Inventories: ₹3,764.41 lakhs
- Trade Receivables: ₹3,985.73 lakhs
- Total Equity: (₹26,986.40) lakhs
- Current Liabilities: ₹53,277.77 lakhs
Cash Flow (Standalone FY26):
- Net cash from operating activities: ₹659.09 lakhs
- Net cash used in investing activities: (₹750.08) lakhs
- Net cash used in financing activities: (₹56.93) lakhs
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