Date: June 22, 2026

Qualified Opinion

A. Raghavendra Rao & Associates, Chartered Accountants, issued a qualified opinion on both standalone and consolidated financial results due to uncertainty regarding the recoverability of income tax assets.

Basis for Qualified Opinion

  • Standalone: Income tax assets (net) of ₹875.80 lakhs pertain to various assessment years up to March 31, 2021, including tax refunds withheld/under process due to disputes pending before various forums
  • Contingent liabilities as at March 31, 2026 for direct tax matters: ₹108.03 lakhs
  • Management is confident of favorable outcome and has assessed amounts as fully recoverable
  • Auditors unable to confirm ultimate realizable value as timing and quantum of recovery remains contingent upon appellate proceedings
  • This qualification is repetitive since year ended March 31, 2023

Emphasis of Matter

  • Company undertook meaningful steps toward business diversification following divestment of wholly owned subsidiary Ecron Acunova Limited in FY 2024-25
  • Significant turnaround reported: Net profit of ₹271.91 lakhs vs net loss of ₹6,973.56 lakhs in previous year
  • Company substantially cleared immediate statutory and debt obligations using divestment proceeds
  • Ongoing initiatives toward business partnerships and non-cash M&A transactions support going concern basis

Financial Results (Standalone)

Income Statement - Year Ended March 31, 2026

  • Total Income: ₹661.75 lakhs (Previous year: ₹1,387.48 lakhs)
  • Revenue from Operations: ₹0.00 lakhs (Previous year: ₹89.95 lakhs)
  • Other Income: ₹661.75 lakhs (Previous year: ₹1,297.53 lakhs)
  • Total Expenses: ₹374.82 lakhs (Previous year: ₹374.54 lakhs)
  • Employee Benefit Expenses: ₹42.14 lakhs (Previous year: ₹106.16 lakhs)
  • Finance Cost: ₹29.44 lakhs (Previous year: ₹74.62 lakhs)
  • Depreciation and amortization: ₹0.81 lakhs (Previous year: ₹4.49 lakhs)
  • Other expenses: ₹302.43 lakhs (Previous year: ₹189.27 lakhs)
  • Profit before tax: ₹286.93 lakhs (Previous year: ₹1,012.94 lakhs)
  • Tax Expenses: ₹16.02 lakhs (Previous year: ₹0.00 lakhs)
  • Profit from continuing operations: ₹270.91 lakhs (Previous year: ₹1,012.94 lakhs)
  • Profit from discontinued operations: ₹1.00 lakh (Previous year: loss of ₹7,986.50 lakhs)
  • Net Profit: ₹271.91 lakhs (Previous year: loss of ₹6,973.56 lakhs)
  • Total Comprehensive Income: ₹271.91 lakhs (Previous year: loss of ₹6,964.86 lakhs)

Income Statement - Quarter Ended March 31, 2026

  • Total Income: ₹518.49 lakhs
  • Profit before tax: ₹439.18 lakhs
  • Net Profit: ₹439.18 lakhs
  • Total Comprehensive Income: ₹439.18 lakhs

Earnings Per Share (Standalone)

  • Continuing operations (Basic & Diluted): ₹0.18 for year, ₹0.30 for quarter
  • Discontinuing operations (Basic & Diluted): ₹0.00 for year, ₹0.00 for quarter

Balance Sheet (Standalone) as at March 31, 2026

  • Total Assets: ₹3,004.99 lakhs (Previous year: ₹3,166.40 lakhs)
  • Non-current Assets: ₹900.80 lakhs (Previous year: ₹920.87 lakhs)
  • Non-current financial assets: ₹900.80 lakhs (including investments ₹25.00 lakhs, other non-current financial assets ₹875.80 lakhs)
  • Current Assets: ₹2,104.19 lakhs (Previous year: ₹2,245.53 lakhs)
  • Cash and cash equivalents: ₹24.74 lakhs (Previous year: ₹315.66 lakhs)
  • Other current financial assets: ₹1,587.12 lakhs (Previous year: ₹1,387.25 lakhs)
  • Other current assets: ₹490.65 lakhs (Previous year: ₹536.62 lakhs)
  • Total Equity: ₹2,848.77 lakhs (Previous year: ₹2,576.86 lakhs)
  • Equity share capital: ₹1,479.34 lakhs
  • Other equity: ₹1,369.43 lakhs
  • Total Liabilities: ₹156.22 lakhs (Previous year: ₹589.53 lakhs)
  • Current financial liabilities: ₹132.47 lakhs
  • Other current liabilities: ₹23.75 lakhs

Cash Flow Statement (Standalone)

  • Net cash from operating activities: ₹(61.92) lakhs
  • Net cash from investing activities: ₹(199.56) lakhs
  • Net cash from financing activities: ₹(29.44) lakhs
  • Net decrease in cash: ₹(290.92) lakhs
  • Cash at beginning: ₹315.66 lakhs
  • Cash at end: ₹24.74 lakhs

Financial Results (Consolidated)

Income Statement - Year Ended March 31, 2026

  • Total Income: ₹6,087.26 lakhs (Previous year: ₹1,021.90 lakhs)
  • Revenue From Operations: ₹5,418.53 lakhs (Previous year: ₹0.00 lakhs)
  • Other Income: ₹668.73 lakhs (Previous year: ₹1,021.90 lakhs)
  • Total Expenses: ₹5,645.65 lakhs (Previous year: ₹948.10 lakhs)
  • Purchases of stock-in-trade: ₹5,419.95 lakhs
  • Employee Benefits Expenses: ₹42.20 lakhs (Previous year: ₹109.50 lakhs)
  • Finance Cost: ₹34.89 lakhs (Previous year: ₹196.10 lakhs)
  • Depreciation and amortization: ₹0.81 lakhs (Previous year: ₹4.50 lakhs)
  • Other expenses: ₹147.81 lakhs (Previous year: ₹638.00 lakhs)
  • Profit before tax: ₹441.61 lakhs (Previous year: ₹73.80 lakhs)
  • Tax Expenses: ₹16.00 lakhs
  • Profit from continuing operations: ₹425.61 lakhs
  • Profit from discontinued operations: ₹659.30 lakhs (Previous year: ₹3,672.90 lakhs)
  • Net Profit: ₹1,084.91 lakhs (Previous year: ₹3,746.70 lakhs)
  • Total Comprehensive Income: ₹1,088.51 lakhs (Previous year: ₹3,740.70 lakhs)

Earnings Per Share (Consolidated)

  • Continuing operations (Basic & Diluted): ₹0.29 for year
  • Discontinuing operations (Basic & Diluted): ₹0.45 for year

Balance Sheet (Consolidated) as at March 31, 2026

  • Total Assets: ₹3,624.11 lakhs (Previous year: ₹3,647.91 lakhs)
  • Non-current Assets: ₹1,247.60 lakhs (Previous year: ₹1,292.71 lakhs)
  • Income Tax Assets (Net): ₹371.81 lakhs (Previous year: ₹1,291.90 lakhs)
  • Other non-current financial assets: ₹875.80 lakhs
  • Current Assets: ₹2,376.51 lakhs (Previous year: ₹2,355.20 lakhs)
  • Trade receivables, current: ₹21.81 lakhs
  • Cash and cash equivalents: ₹25.96 lakhs (Previous year: ₹336.70 lakhs)
  • Other current financial assets: ₹1,836.01 lakhs (Previous year: ₹1,226.00 lakhs)
  • Other current assets: ₹490.65 lakhs (Previous year: ₹786.10 lakhs)
  • Total Equity: ₹3,100.14 lakhs (Previous year: ₹2,052.75 lakhs)
  • Equity share capital: ₹1,479.34 lakhs (Previous year: ₹1,462.25 lakhs)
  • Other equity: ₹1,620.79 lakhs (Previous year: ₹590.50 lakhs)
  • Non-controlling interest: ₹0.01 lakhs
  • Total Liabilities: ₹523.97 lakhs (Previous year: ₹1,595.16 lakhs)

Notes to Financial Results

1. Financial results prepared in accordance with Ind AS and SEBI Listing Regulations

2. Business diversification following divestment of Ecron Acunova Limited in FY 2024-25

3. Income tax assets of ₹875.80 lakhs (standalone) and ₹1,291.90 lakhs (consolidated) relate to assessment years up to March 31, 2021/2026

4. No exceptional items for current year

5. Company operates in single segment: Life Sciences and Support Services

6. Consolidated results include: TAKE Solutions Limited, Navitas LLP, and TAKE Ventures Private Limited

7. TAKE Ventures Private Limited incorporated on March 11, 2026, in Maharashtra

8. Presentation changed from "Millions to Lakhs" from quarter ended December 31, 2025