Summary of Key Information:
Reporting Period: Quarter and Financial Year ended 31st March 2026
Nature of Filing / Announcement: Outcome of Board Meeting - Audited Financial Results
Audit Opinion:
Qualified Opinion issued by M/s. V. Singhi & Associates, Statutory Auditors
Key Financial Highlights [Rs. in thousands]:
Standalone Results:
Revenue from Operations: ₹15,27,179 (FY26)
Total Income: ₹15,27,179 (FY26)
Net Profit/(Loss): ₹(12,541) (FY26)
EPS: ₹(1.14) (FY26)
Other Equity: ₹(21,59,061) (FY26)
Cash and Cash Equivalents: ₹2,689 (31-Mar-2026)
Debt: Borrowings (Other than Debt Securities) ₹51,99,608 (31-Mar-2026)
Consolidated Results:
Revenue from Operations: ₹15,27,179 (FY26)
Total Income: ₹15,27,179 (FY26)
Net Profit/(Loss): ₹(12,541) (FY26)
EPS: ₹(1.14) (FY26)
Other Equity: ₹(23,22,444) (31-Mar-2026)
Assets & Liabilities Position (Standalone):
Total Assets: ₹40,19,558 (31-Mar-2026)
Total Financial Liabilities: ₹61,65,984 (31-Mar-2026)
Net Worth: ₹(21,59,061) (31-Mar-2026)
Corporate Actions:
Not Specified
Other Significant Information:
Arbitration Matter:
- Arbitration Award dated September 29, 2025 from International Chamber of Commerce
- Joint liability of ₹50,89,591 thousand with seven other respondents due to loan default payable to InCred Financial Services Limited (assigned to Real Touch Finance Limited)
- Company challenged award on 5th February 2026 under Section 34 of Arbitration Act in Delhi High Court
- Company had recognized liability of ₹12,36,586 thousand in earlier years
Debt Securities Default:
- Default in repayment of Non-Convertible Debentures worth ₹10,00,000 thousand issued to IL&FS Financial Services Limited
- One-time settlement agreement dated 5th May 2023 signed
- Sale certificate issued on 9th May 2026 for Neemrana Land with proceeds ₹9,02,500 thousand to settle outstanding dues
Inter-Corporate Deposits:
- Unsecured loans given to various parties: ₹32,32,574 thousand outstanding with accrued interest of ₹2,42,114 thousand
- Only principal amount recognized as provision, interest not recognized
Impact of Audit Qualifications:
As per Annexure I, adjusted figures after audit qualifications would show:
- Net Loss: ₹(6,83,906) thousand vs reported ₹(12,541) thousand
- EPS: ₹(62.42) vs reported ₹(1.14)
- Net Worth: ₹(28,30,426) thousand vs reported ₹(21,59,061) thousand
Entities in Consolidation:
- Williamson Financial Services Limited (Associate)
- Majerhat Estates and Developers Limited (Associate)
- D1 Williamson Bio Fuel Limited (Joint Venture)
Segment-wise Performance:
The Company is a single-segment entity as per Ind AS-108 on "Operating Segments"