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Deepak Spinners Ltd. Audit Report / Information 2026
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Audit Report / Information
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DSL®
DEEPAK SPINNERS LIMITED
A Government Recognised Export House
Corporate Identification No.: L17111HP1982PLC016465
Registered Office & Works :
121, Industrial Area, Baddi, Tehsil Nalagarh,
District Solan, Himachal Pradesh - 173 205
Phone: +91 1795 244 011/16
E-mail: [email protected] Website: www.dsl-india.com
REF.NO/DSL/PA/2026
Dated 26.05.2026
To,
BSE Limited,
P. J. Towers, 25th Floor,
Dalal Street,
Mumbai – 400 001
SCRIP CODE – 514030
Sirs,
Sub.: Outcome of meeting of the Board of Directors of Deepak Spinners Limited ('the Company')
Ref.: 1. Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') : Audited Financial Results (standalone) for the financial year 2025-26
- Regulation 30 for appointments and re-appointments
This is to inform you that the Board of Directors of the company at its meeting held today has considered and approved the following
- Approved the Audited Financial Results of the Company for the year ended 31st March 2026. Please find attached the following –
a) Audited Financial Results
b) Auditors’ Report,
c) Declaration on unmodified opinion of Auditors’ Report.
- On the recommendation of the Audit Committee, the following appointments and reappoints were made by Board of Directors –
a) M/s. V. Singhi & Associates, Chartered Accountants were re-appointed as Internal Auditors for the financial year 2026-27.
b) M/s. Shakti K. & Associates, Cost Accountants, were re-appointed as Cost Auditor for the financial year 2026-27.
c) M/s. Mittal & Garg, Chartered Accountants were appointed as Tax Auditors for the financial year 2026-27.
Details in accordance with the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11.11.2024 is annexed herewith.
The meeting commenced at 1.00 p.m and concluded at 2.30 p.m. The date of the Annual General Meeting and the book closure date will be intimated separately.
Yours faithfully,
FOR DEEPAK SPINNERS LIMITED
PUNEETA ARORA
Digitally signed by
PUNEETA ARORA
Date: 2026.05.26 14:35:28
+05'30'
(PUNEETA ARORA)
COMPANY SECRETARY
Encl.: as above.
A Government Recognised Export House
Corporate Identification No.: L17111HP1982PLC016465
Registered Office & Works: 121, Industrial Area, Baddi, Tehsil Nalagarh, District Solan, Himachal Pradesh - 173 205
Phone: +91 1795 244 011/16
E-mail: [email protected] Website: www.dsl-india.com
REF.NO/DSL/PA/2026
Dated 26th May 2026
BSE Limited,
Corporate Relationship Department
1st Floor, New Trading Ring,
Rotunda Building, P.J.Towers,
Dalal Street,
Mumbai – 400001
SCRIP CODE: 514030
Dear Sirs,
Subject: Declaration in case of Audit Report with Unmodified Opinion
Reference: Regulation 33 of SEBI(LODR) Regulations, 2015
Pursuant to Regulation 33 (3)(d) of SEBI (LODR) Regulations, 2015 as amended by notification no. SEBI/LAD-NRO/GN/2016-17/001 DATED 25.5.2015 AND Circular no. CIR/CFD/CMD/56/2016 dated 27.5.2016, we confirm that the Statutory Auditors of the Company, M/s. Salarpuria & Partners, Chartered Accountants (Registration no. 302113E) have issued an Audit Report with unmodified opinion on the Audited Financial Results of the Company for the quarter and year ended on 31.3.2026.
Thanking You,
Yours faithfully,
FOR DEEPAK SPINNERS LIMITED
PUNEETA
Digitally signed by
PUNEETA ARORA
Date: 2026.05.26
14:36:11 +05'30'
(PUNEETA ARORA)
COMPANY SECRETARY
DSL®
DEEPAK SPINNERS LIMITED
A Government Recognised Export House
Corporate Identification No.: L17111HP1982PLC016465
Registered Office & Works :
121, Industrial Area, Baddi, Tehsil Nalagarh,
District Solan, Himachal Pradesh - 173 205
Phone: +91 1795 244 011/16
E-mail: [email protected] Website: www.dsl-india.com
DETAILS OF PERSONS APPOINTED AND REAPPOINTED
| Name of the Person | Designation | Reason for change | Date & terms of appointment | Brief Profile | Disclosure of relationships between Directors |
|---|---|---|---|---|---|
| M/s. V. Singhi & Associates, Chartered Accountants (Firm Registration No. 311017E) (PAN – AABFV8971C) | Internal Auditors | Re-appointment | On 26.05.2026 for the year 2026-27 | V. Singhi & Associates established in 1977, is one of the leading firms. It has 20 partners, 400+ manpower and 9 branches in India. | |
| Its core areas include Accounting, Forensic Accounting and Investigation, Audit and Assurance, Virtual CFO role, Taxation, Valuations, Due Diligence compliance Services, Insolvency and transaction Advisory. | No | ||||
| M/s. Shakti K. & Associates, Cost Accountants (Firm Registration No. – 100580) (PAN – AGEPK0912B) | Cost Auditors | Re-appointment | On 26.05.2026 for the year 2026-27 | Shakti K & Associates is a Cost Accountancy proprietary firm in operation since 2006 under the proprietorship of Shakti Kumar Kaushal, a 1990 qualified Cost Accountant. The firm is engaged in various cost accountancy activities like Cost Audit, developing costing systems, maintaining cost records etc. of more than 30 Public and Private companies engaged in the activities of Power Generation, Yarn manufacturing, Pharmaceutical products, Medical Equipments, Ethanol unit, Mechanical Electrical and | No. |
A Government Recognised Export House
Corporate Identification No.: L17111HP1982PLC016465
Registered Office & Works: 121, Industrial Area, Baddi, Tehsil Nalagarh, District Solan, Himachal Pradesh - 173 205
Phone: +91 1795 244 011/16
E-mail: [email protected] Website: www.dsl-india.com
| Manufacturing products. | |||||
|---|---|---|---|---|---|
| M/s. Mittal & Garg, Chartered Accountants (Firm Registration No. 026354 N) (PAN – AAXFM1247N) | Tax Auditors | Appointment | On 26.05.2026 for the year 2026-27. | It is a partnership firm established in 2013. The firm is engaged in, statutory and internal audits of various public and private companies and Banks. | No |
FOR DEEPAK SPINNERS LIMITED
PUNEETA ARORA
Digitally signed by
PUNEETA ARORA
Date: 2026.05.26 14:36:33
+05'30'
(PUNEETA ARORA)
COMPANY SECRETARY
CAINDIA
Salarpuria & Partners
CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072
Phone: 2237 5400 / 5401, 4014 5400-5410
Website: www.salarpuriajajodia.com
E-mail: [email protected]
Branch at New Delhi
Independent Auditor's Report on Quarterly and Year-to-date Audited Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, (as amended)
To the Board of Directors of DEEPAK SPINNERS LIMITED,
Report on the Audit of Financial Results
Opinion
We have audited the accompanying quarterly financial results of Deepak Spinners Limited (“the Company”), for the quarter ended March 31, 2026 and the year-to-date results for the period from 01.04.2025 to 31.03.2026 (“the statement”), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listed Obligations and Disclosure Requirements) Regulations, 2015, amended (the “Listing Regulations”)
In our opinion and to the best of our information and according to the explanations given to us, the statement:
i. are presented in accordance with the requirement of Regulations 33 of the Listing Regulations in this regard; and
ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the Profit including other comprehensive income and other financial information for the quarter ended March 31, 2026, and the Balance sheet and the statement of cash flows as at and for the year ended on that date.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Management’s Responsibilities for the Financial results
This Statement, which is the responsibility of the Company’s Management and approved by the Board of Directors have been prepared on the basis of the financial statements. The Company’s Board of Directors are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulations 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
Chartered Accountants
CA INDIA
Salarpuria & Partners
CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072
Phone: 2237 5400 / 5401, 4014 5400-5410
Website: www.salarpuriajajodia.com
E-mail: [email protected]
[email protected]
Branch at New Delhi
In preparing the Statement, the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company’s financial reporting process.
Auditor’s Responsibilities for the Audit of the Financial results
Our objectives are to obtain reasonable assurance about whether the financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these statement.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
-
Evaluate the overall presentation, structure, and content of the statement, including the disclosures, and whether the statement represent the underlying transactions and events in a manner that achieves fair presentation.
Materiality is the Magnitude of Misstatements in the Statement that, individually or in aggregate, make it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We Consider quantitative materiality and qualitative factors in (i) Planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.
CHARTERED ACCOUNTANTS
CA INDIA
Salarpuria & Partners
CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072
Phone: 2237 5400 / 5401, 4014 5400-5410
Website: www.salarpuriajajodia.com
E-mail: [email protected]
[email protected]
Branch at New Delhi
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
- The Statement includes the results for the quarter ended March 31, 2026, being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2026 and the published unaudited year-to-date figures up to nine months of the current financial year, which were subjected to a limited review by us, as required under the listing regulations.
Our Opinion is not modified in respect of matters stated in other matters paragraph.
For Salarpuria & Partners
Chartered Accountants
(Firm ICAI Regd. No.302113E)
Anand Prakash
Chartered Accountant
Membership No.-56485
Partner
UDIN: 26056485 J2JAUM7718
Place: Kolkata
Date: 26.05.2026
DEEPAK SPINNERS LIMITED
Regd. Office: 121, Indl. Area, Baddi, Distt. Solon, H.P.-173205
CIN: L17111HP1662PLCD16465
Phone No. 01795-244011, 244016; Email: [email protected]; Website: www.dsl-india.com
STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31ST MARCH, 2026
(Rs. in Lakhs)
| Particulars | Quarter ended | Year ended | |||
|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | |
| Refer Note - 2 | Unaudited | Refer Note -2 | Audited | ||
| 1. Income | |||||
| (a) Revenue From Operations | 12,076 | 13,516 | 12,150 | 53,416 | 52,407 |
| (b) Other Income | 148 | 142 | 68 | 446 | 230 |
| Total Income | 12,224 | 13,658 | 12,218 | 53,862 | 52,637 |
| 2. Expenses | |||||
| (a) Cost of Materials Consumed | 8,155 | 8,294 | 8,257 | 32,242 | 32,146 |
| (b) Changes in Inventories of Finished Goods, Work-in Progress and Waste | (1,120) | (222) | (601) | 924 | 1,491 |
| (c) Employees Benefit Expenses | 1,727 | 1,949 | 1,817 | 7,359 | 7,358 |
| (d) Finance Cost | 42 | 56 | 73 | 274 | 377 |
| (e) Depreciation & Amortization Expenses | 408 | 428 | 443 | 1,699 | 1,755 |
| (f) Impairment Loss | - | - | - | - | - |
| (g) Other Expenses | 2,646 | 2,817 | 2,672 | 10,881 | 10,877 |
| Total expenses (a to f) | 11,858 | 13,322 | 12,661 | 53,379 | 54,034 |
| 3. Profit before Exceptional Items and Tax | 366 | 336 | (443) | 483 | (1,397) |
| 4. Exceptional Items | - | - | - | - | - |
| 5. Profit before Tax | 366 | 336 | (443) | 483 | (1,397) |
| 6. Tax expenses | |||||
| - Current Tax (including Prev. Year) | - | - | (40) | - | (40) |
| - Deferred Tax | 119 | 55 | (338) | 119 | (338) |
| 7. Profit after Tax for the Period | 247 | 281 | (65) | 364 | (1,019) |
| 8. Other Comprehensive Income (OCI) | |||||
| a. Items that will not be reclassified to profit or loss (net of tax) | 37 | 27 | 22 | 64 | 22 |
| 9. Other Comprehensive Income for the period | 37 | 27 | 22 | 64 | 22 |
| 10. Total Comprehensive Income for the period | 284 | 308 | (43) | 428 | (997) |
| 11. Paid up Equity Share Capital ( face value of Rs. 10/-each) | 719 | 719 | 719 | 719 | 719 |
| 12. Other Equity | 22,221 | 21,793 | |||
| 13. Earning Per share- In Rs. | |||||
| Basic and Diluted ( In Rs.)- Not annualized | 3.44 | 3.91 | (0.91) | 5.06 | (14.17) |
Page 1 of 3
STATEMENT OF ASSETS AND LIABILITIES
(Rs. in Lakhs)
| Particulars | As at | As at |
|---|---|---|
| 31.03.2025 | 31.03.2025 | |
| Audited | Audited | |
| Assets | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 16,206 | 17,450 |
| Capital work-in-progress | 803 | 34 |
| Right of use Assets | 53 | 54 |
| Other Intangible Assets | 0 | 0 |
| Financial Assets | ||
| a. Investment | 2 | 2 |
| b. Other Non Current Assets | 440 | 438 |
| Other Non-Current Assets | 375 | 382 |
| 17,879 | 18,370 | |
| Current Assets | ||
| Inventories | 8,739 | 8,794 |
| Financial Assets | ||
| a. Trade Receivables | 3,308 | 3,605 |
| b. Cash and Cash Equivalents | 4 | 11 |
| c. Bank Balances other than (b) above | 50 | 50 |
| d. Other Financial Assets | 189 | 188 |
| Current Tax Assets (net) | 566 | 499 |
| Other Current Assets | 1,087 | 1,735 |
| 13,943 | 14,882 | |
| Total Assets | 31,822 | 33,252 |
| Equity And Liabilities | ||
| Equity | ||
| Equity Share Capital | 719 | 719 |
| Other Equity | 22,221 | 21,763 |
| 22,940 | 22,512 | |
| Liabilities | ||
| Non-Current Liabilities | ||
| Financial Liabilities | ||
| a. Borrowings | - | - |
| b. Lease Liabilities | - | - |
| Provisions | 192 | 172 |
| Deferred Tax Liabilities (Net) | 1,013 | 573 |
| 1,205 | 1,045 | |
| Current Liabilities | ||
| Financial Liabilities | ||
| a. Borrowings | 3,048 | 3,661 |
| b. Lease Liabilities | - | - |
| c. Trade Payables | - | - |
| a. Total outstanding dues of micro and small enterprises | - | - |
| b. Total outstanding dues of creditors other than micro and small enterprises | 2,048 | 3,367 |
| d. Other Financial Liabilities | 1,129 | 1,145 |
| Other Current Liabilities | 146 | 122 |
| Provisions | 1,306 | 1,380 |
| Current Tax Liabilities (Net) | - | - |
| 7,677 | 9,695 | |
| Total Equity and Liabilities | 31,822 | 33,252 |
Page 2 of 3
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31.03.2025
(Rs. in Lakhs)
| | Particulars | | Year Ended
31.03.2026
Audited | Year Ended
31.03.2025
Audited |
| --- | --- | --- | --- | --- |
| | | | | |
| A. | Cash Flow from Operating Activities | | | |
| | Net Profit before Tax | | 483 | (1,397) |
| | Adjustment for : | | | |
| | Depreciation and Amortization Expense | | 1,699 | 1,755 |
| | Impairment Loss | | - | - |
| | Net profit on sale/discard of property, plant and equipment | | (3) | 27 |
| | Gain on lease termination | | - | (28) |
| | Finance Costs | | 274 | 377 |
| | Provision for Exepected Credit Loss written back | | (77) | (5) |
| | Interest Income | | (195) | (136) |
| | Interest Income Income Tax | | - | (6) |
| | Dividend on Non-Current Investment | | (1) | (1) |
| | Sundry credit balance written back | | - | (3) |
| | Operating Profit Before Working Capital Changes | | 2,180 | 583 |
| | | | | |
| | Movements in working capital :- | | | |
| | (Increase)/ Decrease in Inventories | | 54 | 1,365 |
| | (Increase)/Decrease in Trade and other Receivables | | 1,025 | (521) |
| | Increase /(Decrease) in Trade and Other Payables | | (1,278) | 185 |
| | Cash Generated from Operations | | 1,981 | 1,612 |
| | Less :- Income Tax Paid (net of refunds) | | (67) | 21 |
| | Net Cash from Operating Activities | | 1,914 | 1,533 |
| | | | | |
| B. | Cash Flow from Investment Activities | | | |
| | Movement in Fixed Deposits | | (1) | (2) |
| | Interest received | | 195 | 135 |
| | Purchases of Property, Plant and Equipments (including capital advance) | | (1,229) | (853) |
| | Proceeds from sales of Property, Plant & Equipments | | 19 | 131 |
| | Dividend on Non-Current Investment | | 1 | 1 |
| | Net Cash Used in Investing Activities | | (1,015) | (588) |
| | | | | |
| C. | Cash Flow from Financing Activities | | | |
| | Repayment of Long Term Borrowings | | - | - |
| | Net Proceeds / (Repayment) of Short Term Borrowings | | (632) | (612) |
| | Dividend paid | | - | (36) |
| | Payment of Lease liabilities | | - | (26) |
| | Finance Costs | | (274) | (369) |
| | Net Cash Used in Financing Activities | | (906) | (1,043) |
| | | | | |
| | Net Increase/(Decrease) in Cash and Cash Equivalents | | (7) | 2 |
| | | | | |
| | Cash and Cash Equivalents at the beginning of the year | | 11 | 9 |
| | Cash and Cash Equivalents at the end of the year (Refer note 11) | | 4 | 11 |
| | | | (7) | 2 |
Notes:
1. The Business activity of the company falls within a single primary business segment viz 'Yarn' and hence there is no other reportable segment as per Ind AS 103 'Operating Segments'.
2. The figures for three months ended 31st March, 2026 and 31st March, 2025 are the balancing figure between audited figures in respect of the full financial year and published year to date figures up to the nine months of the respective financial year.
3. The above results were reviewed by the Audit Committee meeting held on 26th May, 2026 and approved by the Board of Directors in their respective meeting held on 28th May, 2026.
4. The figure for the previous periods have been regrouped/ rearranged, wherever considered necessary.
Place: BADDI
Date: 26th May, 2026
