Company Response to NSE Query on Financial Results

Date and Nature of Query

Innovision Limited received a communication from the National Stock Exchange of India Ltd (NSE) dated 16 July 2026 regarding deficiencies and non-submission observed in the 'Outcome of Board Meeting' pertaining to the Audited Financial Results for the quarter and year ended 31st March, 2026, which were originally submitted to the Exchange on 28 May 2026.

Company's Clarification on Deficiencies

The company stated that the same query had been raised previously by the Exchange and that it had already provided a detailed clarification via a letter dated 01 July 2026. The company had rectified the observations and resubmitted the corrected documents.

The specific discrepancies in the XBRL filing and their clarifications are as follows:

a. Standalone XBRL and PDF Figures Not Matching:

  • The mismatch was in decimals and was due to inadvertent data entry/mapping errors during the preparation of the XBRL instance document.
  • The company confirmed that the PDF version of the financial results, approved by the Board of Directors, contains the correct financial figures.

b. Mismatch in Standalone and Consolidated Earnings Per Equity Share for Discontinued Operations:

  • The Earnings Per Equity Share for discontinued operations was inadvertently populated in the XBRL filing.
  • This was an error as there was no profit or loss from discontinued operations during the reporting period, leading to a mismatch with the approved statements.

c. Mismatch in Consolidated Cash Flow Statement Figures in XBRL:

  • The discrepancy was in decimals and was also due to inadvertent data mapping errors.
  • The figures in the approved PDF financial statements are correct and were duly approved by the Board.

The company has submitted a corrected XBRL filing incorporating the accurate financial information as approved by the Board.

Non-Submission of Declaration for Unmodified Audit Opinion

The company acknowledged the inadvertent omission of a declaration confirming an unmodified audit opinion, which should have been submitted with the financial results.

It confirmed that the Statutory Auditors had issued an Unmodified Audit Opinion on both the Standalone and Consolidated Financial Statements for the year ended 31 March 2026.

To rectify this, the company has submitted the requisite Declaration in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Sentiment

The company reiterated its commitment to maintaining high standards of corporate governance and regulatory compliance. It requested the Exchange to take the corrected XBRL filing, the declaration, and the clarifications on record and consider the matter duly complied with.

Topic Tags: Regulatory Response, Financial Results Clarification, Compliance, XBRL Filing Error, SEBI LODR