Nature of Event: Malt Land Distilleries Ltd has submitted a regulatory filing to BSE Limited pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016. The filing includes the statement on impact of audit qualifications for the audit report with modified opinion for the financial year ended March 31, 2026, for both standalone and consolidated financial results.

Key Financial Figures (Standalone and Consolidated):

  • Turnover / Total Income: ₹91.05 crore (audited and adjusted figures are identical)
  • Total Expenditure: ₹44.39 crore (audited and adjusted figures are identical)
  • Net Loss: ₹5,906.75 crore (audited and adjusted figures are identical)
  • Earnings Per Share (EPS): 19.89 (audited and adjusted figures are identical)
  • Total Assets: ₹376,711.29 crore (audited and adjusted figures are identical)
  • Total Liabilities: ₹311,839.46 crore for standalone (audited and adjusted identical); ₹311,839.50 crore audited and ₹311,839.46 crore adjusted for consolidated (minor discrepancy)
  • Net Worth: ₹64,854 crore for standalone (audited and adjusted identical); ₹64,854 crore audited and ₹64,858.34 crore adjusted for consolidated (slight increase)
  • No other financial items were reported as felt appropriate by management.

Audit Qualifications:

  • Details:

1. The company did not maintain accounting software with a feature for recording audit trail of each transaction, creating edit logs with dates, and ensuring audit trail cannot be disabled, as required under the proviso to rule 3 subsection 1 of Companies (Accounts) Rules 2014.

2. The standalone financial statements do not comply with the Indian Accounting Standards specified under section 133 of the Act.

  • Type of Audit Qualification: Disclaimer of Opinion
  • Frequency: Repetitive

Management's Views:

  • For audit qualifications where the impact is not quantified by the auditor, management estimates that it is actively working on addressing the matters highlighted in the auditor report.
  • Management is unable to estimate the impact for some qualifications, but reasons are not specified (not applicable or NA mentioned).
  • Auditors' comments state that the audit report is self-explanatory.

Regulatory References:

  • Filed under SEBI (LODR) Regulations, specifically Regulation 33 and reference to Amendment Regulation 2016.
  • SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016 is cited.

Parties Involved:

  • Regulatory Body: BSE Limited and SEBI
  • Company Representatives:
  • Virendra Jain, Managing Director
  • Dharmendra Gupta, CFO/Director
  • Sanjay Tulsidas Bhanushali, Audit Committee Chairman
  • Auditors: VRSK & Associates (FRN 011199N), represented by CA Vineet Gupta (Membership No. 089823)

Signatories and Authentication:

  • The document is signed by the CEO/Managing Director, CFO, Audit Committee Chairman, and Statutory Auditor.
  • Signatures are dated June 1, 2026, and the place is New Delhi.

Additional Notes:

  • The adjusted figures for all financial items show no material change from audited figures, indicating that the audit qualifications did not lead to quantitative adjustments in the reported numbers for most line items.
  • The net worth for consolidated results shows a minor increase in adjusted figures (₹64,858.34 crore vs. ₹64,854 crore audited).
  • The company's registered address is Shop No. 79, 1st Floor, Moksh Plaza, S V Road, Borivali West, Mumbai, Maharashtra, 400092, with CIN L11011MH1982PLC351821.