IND Renewable Energy Limited

Board Meeting Details

The Board of Directors meeting was held on Thursday, August 13, 2026, commencing at 6:00 PM and concluding at 9:30 PM.

Key Decisions Taken

1. Approved the unaudited standalone financial results of the Company for the quarter ended June 30, 2026

2. Took note of the Limited Review Report issued by the Statutory Auditors (K.S. Subrahmanyam & Co.) on the unaudited standalone financial results

Auditor's Review Report

K.S. Subrahmanyam & Co., Chartered Accountants (Firm Registration No.: 017461S), issued a limited review report dated August 13, 2026, concluding that nothing came to their attention causing them to believe that the financial results:

  • Were not prepared in accordance with Indian Accounting Standards (Ind AS)
  • Did not disclose information required under Regulation 33 of SEBI Listing Regulations
  • Contained any material misstatement

The review was conducted in accordance with Standard on Review Engagement (SRE) 2410, providing moderate assurance but not equivalent to an audit.

Financial Results Summary (Amount in ₹ Lakhs except EPS)

Quarter Ended June 30, 2026 (Q1 FY2027)

  • Total Income: ₹0.000 (Zero revenue from operations and other income)
  • Total Expenses: ₹1.541
  • Employee Benefits Expenses: ₹0.021
  • Other Expenses: ₹1.520
  • All other expense categories: ₹0.000
  • Loss Before Tax: ₹(1.541)
  • Tax Expenses: ₹0.220 (Deferred tax only)
  • Net Loss for Period: ₹(1.761)
  • Earnings Per Share (Basic & Diluted): ₹(0.013)
  • Paid-up Equity Share Capital: ₹1,392.600 (Face value ₹10 each)

Comparative Performance

  • Previous Quarter (Mar 31, 2026): Net Loss ₹(104.780), EPS ₹(0.752)
  • Corresponding Quarter Previous Year (Jun 30, 2025): Net Loss ₹(0.749), EPS ₹(0.005)
  • Full Year Previous Year (Mar 31, 2025): Net Loss ₹(7.950), EPS ₹(0.057)

Key Observations

  • Zero revenue reported across all periods shown (current quarter, previous quarter, and year-ago quarter)
  • Consistent losses across all reported periods
  • Minimal employee expenses (₹0.021 lakh) compared to other operating expenses
  • No exceptional items, finance costs, or depreciation recorded
  • No operations from discontinued activities

Additional Information

The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) and comply with Regulation 33 of SEBI Listing Regulations. The figures for the quarter ended June 30, 2026, have been subjected to a Limited Review by the Statutory Auditors. Comparative figures have been re-classified/re-grouped wherever necessary.

Availability of Documents

The audited financial results are available on the Company's website at www.vakharia.in.