Summary of Key Information:
Reporting Period: Quarter and Year Ended 31st March 2026
Nature of Filing / Announcement: Corrigendum to Audited Financial Results under SEBI Listing Regulations 30 and 33
Date of Board Meeting / Approval: Commenced 28th May, 2026 at 01:54 PM and concluded 29th May, 2026 at 07:45 AM
Audit Opinion: Clean (no qualifications mentioned)
Auditor's Comment: No adverse comments affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Lakhs]
Consolidated Results:
Revenue from Operations:
- Q4 FY26: ₹62,765
- FY26: ₹2,18,372
- FY25: ₹3,61,642
Total Income:
- Q4 FY26: ₹64,089
- FY26: ₹2,23,712
- FY25: ₹3,70,162
Net Profit:
- Q4 FY26 (corrected): ₹43,610 (previously reported: ₹37,514)
- FY26: ₹29,283
- FY25: (₹21,489)
EPS (₹10 face value):
- Q4 FY26 Basic & Diluted (corrected): ₹4.53 (previously reported: ₹3.90)
- FY26 Basic & Diluted: ₹3.04
- FY25 Basic & Diluted: (₹2.24)
Other Equity:
- As at 31/03/2026: ₹94,278
- As at 31/03/2025: ₹66,369
Cash and Cash Equivalents:
- As at 31/03/2026: ₹2,440
- As at 31/03/2025: ₹14,877
Debt:
- Current Borrowings: ₹76,494
- Non-current Borrowings: ₹5
Standalone Results:
Revenue from Operations:
- Q4 FY26: ₹62,765
- FY26: ₹2,18,372
- FY25: ₹3,61,642
Total Income:
- Q4 FY26: ₹64,089
- FY26: ₹2,23,712
- FY25: ₹3,70,162
Net Profit:
- Q4 FY26 (corrected): ₹43,591
- FY26: ₹29,279
- FY25: (₹23,315)
EPS (₹10 face value):
- Q4 FY26 Basic & Diluted (corrected): ₹4.53
- FY26 Basic & Diluted: ₹3.04
- FY25 Basic & Diluted: (₹2.43)
Other Equity:
- As at 31/03/2026: ₹88,916
- As at 31/03/2025: ₹61,055
Cash and Cash Equivers:
- As at 31/03/2026: ₹2,440
- As at 31/03/2025: ₹14,877
Significant Corrections Made:
Consolidated Q4 FY26 Corrections:
- Purchase of stock-in-trade: ₹43,318 (was ₹129,293)
- Changes in inventories: (₹817) (was (₹85,803))
- Employee benefits expense: ₹2,991 (was ₹13,612)
- Finance costs: ₹4,543 (was ₹8,082)
- Depreciation: ₹1,775 (was (₹9,504))
- Other expenses: ₹9,449 (was ₹11,634)
- Profit before tax: ₹43,610 (was ₹37,514)
- Other comprehensive loss: (₹849) (was not reported)
- Total comprehensive income: ₹42,761 (was ₹37,514)
Cash Flow Statement Corrections:
- (Increase)/decrease in other current assets: (₹16,348) (was (₹24,535))
- Proceeds from sale of fixed assets: ₹88,420 (was ₹91,431)
- Proceeds from maturity/deposits of other bank balances: (₹5,176) (was not reported)
Notes Corrections:
- Public shareholding corrected to 9.98% (was 90.98%)
- Ministry of Finance approval date corrected to March 18, 2026 (was March 18, 2025)
Segment-wise Performance:
The company operates primarily in telecommunications equipment and services with India as single geographical segment. Defence projects segment exempted from segment reporting requirements.
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced.
Other Significant Information:
Exceptional Items (FY26):
- Profit on sale of assets: ₹83,219.21 lakhs
- Bad debts written off: (₹30,167.57)
- Provision for bad & doubtful debts: (₹1,440.55)
- Provision for stock: (₹2,656.59)
- Liquidity damages: (₹3,883.50)
- Net exceptional items: ₹44,915.48 lakhs
Land Monetization:
- Sold 21 acres for ₹91,431 lakhs to Central Tax Department
- Received ₹88,419.98 lakhs as of March 31, 2026
- Board approved disposal of additional 54.307 acres (Land parcel D & E) by March 31, 2027
- Land classified as non-current asset held for sale: ₹20,849 lakhs
Order Book & Going Concern:
- Existing order book: ₹18,63,699 lakhs
- Unbilled revenue: ₹2,24,111 lakhs expected to convert within 12 months
- Management believes going concern basis appropriate
Defence Project:
- ASCON Phase IV project with Ministry of Defence worth ₹8,280.36 Crore
- Proof of Concept expected to be completed by December 31, 2026
Revival Plan:
- Company under revival plan approved by CCEA
- Financial assistance of ₹4,15,679 lakhs approved, ₹3,08,435 lakhs received
Entities Included in Consolidation:
No subsidiaries mentioned. Includes share of profit from associate under equity method.
Auditor Information:
B.K. Ramadhyani & Co. LLP, Chartered Accountants
Firm Reg No.: 002878S/S200021