Summary of Key Information:

Reporting Period (Quarter/Year): Quarter ended 30th June, 2026 (Q1 FY27)

Nature of Filing / Announcement: Outcome of Resolution Professional Management Committee Meeting - Unaudited Financial Results

Audit Opinion:

Adverse Conclusion - Financial statements not prepared in accordance with Indian Accounting Standards

Key Financial Highlights [₹ in lakhs]:

Standalone Results:

Revenue from Operations: 17,655.78 (Q1 FY27) vs 15,839.18 (Q1 FY26) - 11.5% YoY increase

Total Income: 17,767.68

Net Profit: 660.29 vs 457.01 (Q1 FY26) - 44.5% YoY increase

EPS: ₹0.04 (Basic and Diluted)

Consolidated Results:

Revenue from Operations: 18,692.81 (Q1 FY27) vs 16,367.26 (Q1 FY26) - 14.2% YoY increase

Total Income: 18,822.84

Net Profit: 421.55 vs 304.88 (Q1 FY26) - 38.3% YoY increase

EPS: ₹0.03 (Basic and Diluted)

Expense Breakdown (Standalone):

Energy Purchase: 14,111.46

Employee Benefits Expense: 1,300.11

Finance Costs: 269.89

Depreciation and amortization expense: 866.67

Regulatory Adjustments:

Regulatory income/(expense) (net): 658.10

Corporate Actions:

Not Specified

Other Significant Information:

  • Company engaged in generation and distribution of power (single business segment)
  • Business Transfer Agreement dated 2 June 2025 transferred Non-Regulated Business to IPCL Power Limited (wholly owned subsidiary)
  • Revenue from Gujarat Urja Vikas Nigam Limited (GUVNL) for wind energy business continues in company bank account
  • EPS computation includes 6,041.43 lakhs shares in share suspense account (face value ₹1 each)
  • Financial statements prepared on going concern basis despite material uncertainty

Entities Included in Consolidation:

Subsidiaries:

  • IPCL Power Limited (previously Parmeshi Energy Limited)
  • IPCL Pte. Ltd.
  • MP Smart Grid Private Limited
  • MP Smart Metering Private Limited
  • Parmeshi Urja Limited
  • DPSC Distribution Limited

Joint Ventures:

  • India Uniper Power Services Private Limited
  • Arka Energy B.V.
  • Akerni Solar sh.p.k

Auditor:

S S Kothari Mehta & Co. LLP, Chartered Accountants (Firm Registration No.: 000756N/NS00441)