Key Quantitative Figures and Error Details
The error involves an inadvertent interchange between account heads pertaining to previous year FY 2024-25 comparable numbers in the Statement of Assets and Liabilities. The specific discrepancies are detailed in a table provided by Price Waterhouse Chartered Accountants LLP, the company's statutory auditors:
Standalone Financials (Amount in ₹ Million)
- Deferred tax liabilities: Published as 686 vs. Audited amount of 0
- Provisions (Non-current): Published as 0 vs. Audited amount of 686
- Other non-current liabilities: Published as 0 vs. Audited amount of 91
Consolidated Financials (Amount in ₹ Million)
- Deferred tax liabilities: Published as 690 vs. Audited amount of 0
- Provisions (Non-current): Published as 91 vs. Audited amount of 690
- Other non-current liabilities: Published as 0 vs. Audited amount of 91
- Provisions (Current): Published as 2,587 vs. Audited amount of 390
- Other current liabilities: Published as 390 vs. Audited amount of 2,587
Important Clarifications
- There is no change in the 'Total non-current liabilities' and 'Total current liabilities' as at 31 March 2025 despite the line item interchanges.
- The error affects only the comparative figures (FY25) reproduced in the FY26 financial statements.
- Management has reviewed and acknowledged this inadvertent interchange.
Regulatory References and Dates
- Original financial results were published on 13 May 2026
- This correction letter is dated 25 May 2026
- Auditor's observation letter is dated 24 May 2026
- Original audit opinion was dated 13 May 2026
Auditor Confirmation
Price Waterhouse Chartered Accountants LLP has confirmed that:
- Their audit opinion dated 13 May 2026 on the standalone and consolidated financial results for the year ended 31 March 2026 does not change due to this observation
- There is no impact on their original audit opinion
Request to Stock Exchanges
The company requests that both BSE (Scrip Code: 500710) and NSE (Symbol: JSWDULUX) take on record this clarification and inform all relevant stakeholders about the inadvertent interchange between the accounts heads.
Financial Impact Assessment
Financial impact is limited to reclassification within liability accounts with no effect on total liability amounts or the company's financial position.