ITI Limited submitted a corrigendum to its audited financial results for the quarter and year ended March 31, 2026, originally filed on May 29, 2026. The correction addresses clerical/typographical errors identified during suo moto verification of the financial statements.

Key Quantitative Corrections

Consolidated Financial Results (Q4 FY26):
  • Purchase of stock-in-trade: Corrected from ₹129,293 lakhs to ₹43,318 lakhs
  • Changes in inventories: Corrected from (₹85,803) lakhs to (₹817) lakhs
  • Employee benefits expense: Corrected from ₹13,612 lakhs to ₹2,991 lakhs
  • Finance costs: Corrected from ₹8,082 lakhs to ₹4,543 lakhs
  • Depreciation and amortization: Corrected from (₹9,504) lakhs to ₹1,775 lakhs
  • Other expenses: Corrected from ₹11,634 lakhs to ₹9,449 lakhs
  • Total expenses: Corrected from ₹72,457 lakhs to ₹66,402 lakhs
  • Profit before tax: Corrected from ₹37,514 lakhs to ₹43,610 lakhs
  • Profit for the period: Corrected from ₹37,514 lakhs to ₹43,610 lakhs
  • EPS (basic and diluted): Corrected from ₹3.90 to ₹4.53
Cash Flow Statements:
  • (Increase)/decrease in other current assets: Consolidated corrected from (₹24,535) lakhs to (₹16,348) lakhs
  • Proceeds from sale of fixed assets: Consolidated corrected from ₹91,431 lakhs to ₹88,420 lakhs
  • Proceeds from maturity/deposits of other bank balances: Consolidated corrected from nil to (₹5,176) lakhs
Notes to Accounts Corrections:
  • Public shareholding corrected from 90.98% to 9.98% (including Special Investment Fund holding of 7.90%)
  • Approval dates from Ministry of Finance and Department of Public Enterprises corrected from March 18, 2025 to March 18, 2026
  • EPS calculations updated with corrected profit after tax figures

Financial Impact Assessment

The company confirmed that despite these quarterly corrections, there is no change and no impact in the consolidated and standalone profit for the financial year ended March 31, 2026. The annual figures remain unchanged.

Additional Context from Financial Statements

The financial statements reveal:

  • Revenue from operations: ₹2,18,372 lakhs (FY26) vs ₹3,61,642 lakhs (FY25)
  • Order book: ₹18,63,699 lakhs
  • Unbilled revenue: ₹2,24,111 lakhs expected to convert within next 12 months
  • Company received ₹3,08,435 lakhs out of ₹4,15,679 lakhs revival package approved by CCEA
  • Land sale profit of ₹83,219.21 lakhs recognized under exceptional items
  • Promoter shareholding: 90.02% (including Government of Karnataka 0.03%)
  • Public shareholding: 9.98% (including Special Investment Fund 7.90%)

Signatories and Authentication

The document was digitally signed by Y Sathyan (Company Secretary & Compliance Officer) on June 3, 2026, and includes signatures from Rajesh Rai (Chairman & Managing Director) and C V Ramana Babu (Director Finance & CFO).