Board Meeting Outcomes

The Board of Directors meeting was held on Tuesday, May 26, 2026, from 07:00 PM to 8:30 PM. The Board:

  • Approved the audited financial results for the quarter and financial year ended March 31, 2026
  • Took note of the statutory auditors' report on the audited financial results
  • Declared auditor's report with unmodified opinion on the financial results

Financial Results Summary (Amount in Lakhs except EPS)

Quarterly Performance (Q4 FY26):

  • Total Income: ₹0.000
  • Total Expenses: ₹104.550
  • Loss before tax: ₹(104.550)
  • Tax Expenses: ₹0.230
  • Net Loss: ₹(104.780)
  • Basic EPS: (0.752)
  • Diluted EPS: (0.752)

Full Year Performance (FY26):

  • Total Income: ₹0.000 (Previous Year: ₹6.310)
  • Total Expenses: ₹120.010 (Previous Year: ₹13.380)
  • Loss before tax: ₹(120.010) (Previous Year: ₹(7.070))
  • Tax Expenses: ₹0.890 (Previous Year: ₹0.880)
  • Net Loss: ₹(120.900) (Previous Year: ₹(7.950))
  • Basic EPS: (0.868) (Previous Year: (0.057))
  • Diluted EPS: (0.868) (Previous Year: (0.057))

Expense Breakdown (FY26):

  • Depreciation and amortization: ₹0.520
  • Other expenses: ₹119,490
  • Finance Cost: ₹0.000
  • Employee Benefits: ₹0.000

Balance Sheet Position as at 31st March, 2026

  • Total Assets: ₹2,683.30 (Previous Year: ₹2,672.35)
  • Non-Financial Assets: ₹15.27 (Previous Year: ₹13.50)
  • Financial Liabilities: ₹60.23 (Previous Year: ₹47.22)
  • Non-Financial Liabilities: ₹139.32 (Previous Year: ₹20.49)
  • Equity Share Capital: ₹1,392.60 (unchanged)
  • Other Equity: ₹1,091.15 (Previous Year: ₹1,212.04)
  • Total Equity: ₹2,483.75 (Previous Year: ₹2,604.64)

Cash Flow Statement for FY26

  • Net Cash Outflow from Operating Activities: ₹(12.51)
  • Net Cash Outflow from Financing Activities: ₹12.50
  • Net Decrease in cash and cash equivalents: ₹(0.01)
  • Opening Cash Balance: ₹0.44
  • Closing Cash Balance: ₹0.43

Auditor's Report Details

Auditor: K. S. Subrahmanyam & Co, Chartered Accountants (FRN: 017461S)

Audit Opinion: Unmodified opinion issued on standalone Ind AS Financial Statements

Audit conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of Companies Act, 2013

Auditors confirmed:

  • Company has disclosed impact of pending litigations on financial position
  • Company made provision for material foreseeable losses on long-term contracts
  • No delay in transferring amounts to Investor Education and Protection Fund
  • Adequate internal financial controls system in place and operating effectively

Additional Information

#IND Renewable Energy Limited #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Negative