NSE Symbol

REDTAPE

Clarification on Previous Filing

The company clarifies that while submitting the results for the quarter ended June 30, 2026, the corresponding figures for March 31, 2026, were not properly visible in the previous filing due to an "inadvertent scanning issue." The company states there is no change in the figures for the Q1 FY27 results. The corrected financial results are attached to this filing.

Board Meeting Outcome

The Board of Directors meeting was held on August 10, 2026. The meeting commenced at 11:50 AM and concluded at an unspecified time. The Board, based on the recommendation of the Audit Committee (which also met on August 10, 2026), considered and approved the following:

  • The Unaudited Standalone Financial Results for the quarter ended June 30, 2026.
  • The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026.

This approval was made pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results will be published in newspapers as per Regulation 47 and have been made available on the company's website.

Key Financial Figures (Q1 FY27 ended June 30, 2026)

All figures are in Indian Rupees (₹ Lakhs). EPS data is not annualized.

Standalone Performance:
  • Revenue from Operations: ₹48,034
  • Total Income: ₹49,555 (Revenue + Other Income of ₹1,521)
  • Total Expenses: ₹43,271
  • Purchase of Stock-in-Trade: ₹24,980
  • Other Expenses: ₹11,077
  • Employee Benefit Expenses: ₹3,175
  • Depreciation: ₹2,364
  • Finance Costs: ₹1,451
  • Profit Before Tax (PBT): ₹6,284
  • Tax Expense: ₹1,592 (Current Tax: ₹1,582; Deferred Tax: ₹10)
  • Profit for the Period (Net Profit): ₹4,692
  • Total Comprehensive Income: ₹4,167
  • Paid-up Equity Share Capital: ₹11,056 (Face Value ₹2 per share)
  • Earnings Per Share (EPS) - Basic & Diluted: ₹0.85
Consolidated Performance:
  • Revenue from Operations: ₹48,128
  • Total Income: ₹49,642 (Revenue + Other Income of ₹1,514)
  • Total Expenses: ₹43,602
  • Profit Before Tax (PBT): ₹6,040
  • Tax Expense: ₹1,592 (Current Tax: ₹1,582; Deferred Tax: ₹10)
  • Profit for the Period (Net Profit): ₹4,448
  • Total Comprehensive Income: ₹3,917
  • Earnings Per Share (EPS) - Basic & Diluted: ₹0.80
Comparative Figures (Consolidated Q1 FY26):
  • Revenue from Operations: ₹46,431
  • Net Profit: ₹3,860
  • EPS: ₹0.70

Auditor's Review Report

The unaudited financial results were reviewed by the statutory auditors, Ashwani & Associates (Firm Regn. No. 000497N). Partner Aditya Kumar (M. No. 506955) issued an unmodified review report with an "Emphasis of Matter" for both the standalone and consolidated results.

Emphasis of Matter: The auditors draw attention to Note 5 of the results, which describes search operations carried out by the Income Tax authorities in September 2025 at certain company premises, residences of some directors, and residences of some employees. Pending completion of these search proceedings, the consequent impact on the financial results for the quarter ended June 30, 2026, is not currently ascertainable. The auditors' conclusion is not modified based on this matter.

Other Matter (Consolidated): The review report for the consolidated results notes that the financial results of certain material subsidiaries (Redtape Bangla Limited, Redtape HK Limited, Redtape London Limited, Redtape (Quanzhou) Sports Goods Co. Limited) were not reviewed by their respective auditors. These subsidiaries, located outside India, reported a combined net loss of ₹244 Lakhs for the quarter. Their financials were converted to Indian Accounting Principles by management and certified by them.

Notes to Financial Results

  • Note 4: The figures for the quarter ended March 31, 2026, are balancing figures between the audited annual figures and the published figures for the nine months ended December 2025.
  • Note 5 (Income Tax Search): The Income Tax department conducted a search under section 132 of the Income Tax Act, 1961, in September 2025. The company states it has provided full cooperation and, as of the date of this filing, has not received any written communication from the department regarding the outcome. Management is of the view that there is no material adverse impact on the financial position and no material adjustments are required in these results.