STARLIT POWER SYSTEMS LTD.

Key Financial Figures - Standalone (Amounts in ₹ Lakhs)

Balance Sheet Position as at March 31, 2026:

  • Total Assets: 96,558.15 (Previous year: 98,500.56)
  • Total Equity: 96,531.95 (Previous year: 98,405.93)
  • Equity Share Capital: 2,043.17 (unchanged from previous year)
  • Other Equity: 94,488.78 (Previous year: 96,362.76)
  • Current Liabilities: 20.06 (Previous year: 2.60)

Profit & Loss Statement for FY2026:

  • Total Income: 43.80 (Previous year: 45.94)
  • Total Expenses: 1,785.37 (Previous year: 112.17)
  • Loss before tax: (1,741.57) (Previous year: (66.23))
  • Loss for the period: (1,742.58) (Previous year: (66.23))
  • Basic EPS: (8.53) (Previous year: (0.32))

Quarterly Performance (Q4 FY26):

  • Total Income: 43.41
  • Total Expenses: 416.74
  • Loss before tax: (373.32)
  • Loss for the period: (374.34)
  • Basic EPS: (1.83)

Key Financial Figures - Consolidated (Amounts in ₹ Lakhs)

Profit & Loss Statement for FY2026:

  • Loss from associates companies: (131.40)
  • Loss before tax: (1,872.96)
  • Loss for the period: (1,873.97)
  • Basic EPS: (9.17)

Quarterly Performance (Q4 FY26):

  • Loss from associates companies: (144.57)
  • Loss before tax: (517.89)
  • Loss for the period: (518.91)
  • Basic EPS: (2.54)

Auditor's Report Highlights

Qualified Opinion:

  • Auditors (VRSK & Associates) issued a qualified opinion stating the financial statements "may not give a true and fair view due to non-provision of interest on loans"
  • The company should have prepared financial statements in compliance with Ind-AS as prescribed
  • The company has not maintained accounting software with audit trail feature as required by rule 3(1) of Companies (Accounts) Rules 2014

Key Audit Matters:

1. Loan advanced: Company had advanced inter-corporate deposits of ₹48.74 lakhs without proper documentation of terms, repayment schedule, interest rate, or securities

2. Fair Valuation of Investments: Investments in unquoted instruments require significant judgment for fair valuation, but no independent valuation reports were available for auditor's consideration

CARO Report Findings:

  • Company invested in shares of group companies exceeding limits prescribed under section 186 of Companies Act 2013
  • Undeposited statutory dues: TDS of ₹0.05 lakhs and GST under reverse charges of ₹0.25 lakhs
  • Pending tax demand for AY 2023-24: ₹0.05 lakhs
  • Company incurred cash losses of ₹1,658.83 lakhs in current financial year
  • Auditor expressed doubt about company's ability to meet its liabilities falling due within one year

Management and Signatories

Approved by:

  • Mukesh Sah, Managing Director (DIN: 06932489)
  • Pankaj Saxena, Director (DIN: 08162590)

Audited by:

  • VRSK & Associates (FRN: 011199N)
  • Auditor's Date: May 25, 2026
  • UDIN: 26099134NNSSWJGLI03

Additional Notes

  • Figures for previous period have been regrouped wherever considered necessary
  • The company was formerly known as KDG Properties & Construction Private Limited