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Dynacons Systems & Solutions Ltd. Interim / Quarterly Report 2026
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Interim / Quarterly Report
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D
DYNACONS
SOLUTIONS THAT EMPOWER
Date: May 30, 2026
To,
| BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code- 532365 | National Stock Exchange of India Limited Exchange Plaza, C— 1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai — 400051 Symbol - DSSL |
|---|---|
Sub: Outcome of Board Meeting held on May 30, 2026
With reference to the above subject matter and as per Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") we wish to inform you that in the meeting of the Board of Directors of the Company held today i.e. on May 30, 2026, at the corporate office of the Company at 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle (East), Mumbai-400057, the following was considered and approved:
- Adopted Audited Standalone and Consolidated Financial Results for the quarter and year ended on March 31, 2026, along with Auditors Report with unmodified opinion for the same.
Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose the following:
- Adopted Audited Standalone and Consolidated Financial Results for the quarter and year ended on March 31, 2026 along with Auditors Report for the same.
- Auditors' Reports with unmodified opinions on the aforesaid Audited Financial Results (Standalone and Consolidated)
- Declaration of Unmodified Audit Report pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
The meeting commenced at 05:00 p.m. and concluded at 10.45 p.m. You are requested to kindly take the above information in your records.
Thanking You,
Yours faithfully,
For Dynacons Systems & Solutions Ltd.
Pooja
Girish
Patwa
Digitally signed
by Pooja Girish
Patwa
Date: 2026.05.30
22:53:25 +05'30'
Pooja Patwa
Company Secretary &
Compliance Officer
Mem. No.-A60986
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000 – 1:2018, ISO – 27001:2022 , CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS SOLUTIONS THAT EMPOWER
Statement of Audited Standalone Financial Results for Quarter & Year Ended March 31, 2026
(Rs in lakh)
| Particulars | STANDALONE | ||||
|---|---|---|---|---|---|
| Quarter Ended | Year Ended | ||||
| March 31, 2026 | Dec. 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
| Income from Operations | |||||
| a) Net Sales/ Income from operations | 40,212.38 | 33,964.65 | 33,060.79 | 1,42,267.29 | 1,26,682.77 |
| b) Other Income | 213.01 | 140.29 | 168.81 | 572.51 | 671.21 |
| Total Income from Operations | 40,425.40 | 34,104.94 | 33,229.60 | 1,42,839.81 | 1,27,353.98 |
| Expenses | |||||
| a) Cost of material consumed | 32,631.99 | 29,388.73 | 32,205.83 | 1,16,233.84 | 1,09,025.58 |
| b) Changes in Inventories | 1,978.62 | (1370.53) | (3522.13) | 4,207.44 | 1,515.12 |
| c) Employee benefits expense | 1,284.92 | 1,282.80 | 1,195.75 | 4,897.90 | 4,357.46 |
| d) Finance Costs | 673.87 | 646.04 | 527.58 | 2,320.19 | 1,110.41 |
| e) Depreciation and amortization expense | 626.88 | 410.33 | 52.63 | 1,453.03 | 164.63 |
| f) Other expenses | 679.72 | 608.43 | 295.53 | 2,350.57 | 1,479.83 |
| Total expenses (a to f) | 37,875.99 | 30,965.79 | 30,755.19 | 1,31,462.96 | 1,17,653.03 |
| Profit before tax | 2,549.41 | 3,139.14 | 2,474.41 | 11,376.85 | 9,700.95 |
| Tax expense | 636.50 | 794.13 | 657.25 | 2,899.29 | 2,459.51 |
| Net Profit for the period | 1,912.91 | 2,345.01 | 1,817.16 | 8,477.56 | 7,241.44 |
| Other comprehensive income | |||||
| A(i) Items that will not be reclassified to profit or loss | |||||
| - Remeasurement of defined Benefit Plans | 38.28 | (12.25) | (25.05) | 0.83 | (51.34) |
| - Gains and losses from investments in equity instruments | (10.79) | 3.35 | (1.00) | (1.63) | 8.76 |
| - Foreign Exchange Gains or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| A(ii) Income tax relating to items that will not be reclassified to profit or loss | (7.77) | 2.40 | 4.52 | (0.21) | (11.13) |
| B(i) Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B(ii) Income tax relating to Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total other comprehensive income (A (i-ii) +B (i-ii) | 19.73 | (6.49) | (21.53) | (1.00) | (31.45) |
| Total comprehensive income | 1,932.64 | 2,338.52 | 1,795.63 | 8,476.56 | 7,209.99 |
| Paid up equity share capital | 1,273.71 | 1,272.53 | 1,272.53 | 1,273.71 | 1,272.53 |
| Earnings Per Share of Face value of Rs. 10 Each Basic | |||||
| EPS (Net Profit) | 15.03 | 18.43 | 14.28 | 66.62 | 56.95 |
| Diluted EPS (Net Profit) | 15.03 | 18.41 | 14.27 | 66.61 | 56.89 |
Mumbai
May 30, 2026
For Dynacons Systems & Solutions Ltd.
for and on behalf of the Board of Directors
Dhamesh S. Anjana
Whole - time Director & CFO
Din No: 00445009
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS SOLUTIONS THAT EMPOWER
Statement of Audited Consolidated Financial Results for the Quarter & Year Ended March 31, 2026
(Rs in lakh)
| Particulars | CONSOLIDATED | ||||
|---|---|---|---|---|---|
| Quarter Ended | Year Ended | ||||
| March 31, 2026 | Dec. 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 | |
| Income from Operations | |||||
| a) Net Sales/ Income from operations | 40,244.85 | 34,058.93 | 32,890.46 | 1,42,428.34 | 1,26,721.96 |
| b) Other Income | 213.01 | 140.29 | 168.81 | 572.51 | 671.21 |
| Total Income from Operations | 40,457.87 | 34,199.22 | 33,059.28 | 1,43,000.86 | 1,27,393.18 |
| Expenses | |||||
| a) Cost of material consumed | 32,589.27 | 29,423.39 | 32,013.70 | 1,16,230.98 | 1,09,016.53 |
| b) Changes in Inventories | 1,978.62 | (1370.53) | (3,522.13) | 4,207.44 | 1,515.12 |
| c) Employee benefits expense | 1,356.43 | 1,335.53 | 1,204.48 | 5,029.57 | 4,366.19 |
| d) Finance Costs | 673.87 | 646.04 | 527.58 | 2,320.19 | 1,110.41 |
| e) Depreciation and amortization expense | 626.88 | 410.33 | 52.63 | 1,453.03 | 164.63 |
| f) Other expenses | 689.73 | 609.83 | 305.20 | 2,367.53 | 1,506.19 |
| Total expenses (a to f) | 37,914.79 | 31,054.58 | 30,581.46 | 1,31,608.73 | 1,17,679.07 |
| Profit before tax | 2,543.08 | 3,144.63 | 2,477.82 | 11,392.13 | 9,714.11 |
| Tax expense | 644.05 | 795.20 | 657.54 | 2,910.89 | 2,465.05 |
| Net Profit for the period | 1,899.03 | 2,349.43 | 1,820.28 | 8,481.24 | 7,249.06 |
| Other comprehensive income | |||||
| A(i) Items that will not be reclassified to profit or loss | 38.28 | (12.25) | (25.05) | 0.83 | (51.34) |
| - Remeasurement of defined Benefit Plans | (10.80) | 3.36 | (1.00) | (1.63) | 8.76 |
| - Gains and losses from investments in equity instruments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| - Foreign Exchange Gains or loss | (7.78) | 2.41 | 15.78 | (0.21) | 11.13 |
| A(ii) Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B(i) Items that will be reclassified to profit or loss | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| B(ii) Income tax relating to Items that will be reclassified to profit or loss | 19.71 | (6.49) | (10.27) | (1.00) | (31.45) |
| Total comprehensive income (A (i-i) +B (i-i)) | 1,918.73 | 2,342.95 | 1,810.01 | 8480.23 | 7,217.61 |
| Total comprehensive income | |||||
| Profit for the year attributable to | |||||
| Shareholders of the Company | 1,891.98 | 2,347.89 | 1,820.44 | 8,473.52 | 7,239.49 |
| Non Controlling Interest | 7.05 | 1.54 | (0.16) | 7.72 | 9.57 |
| 1,899.03 | 2,349.43 | 1,820.28 | 8,481.24 | 7,249.06 | |
| Other comprehensive income for the year, net of tax attributable to | |||||
| Shareholders of the Company | 19.71 | (6.49) | (10.27) | (1.00) | (31.45) |
| Non Controlling Interest | 19.71 | (6.49) | (10.27) | (1.00) | (31.45) |
| Total comprehensive income for the year attributable to | |||||
| Shareholders of the Company | 1,911.69 | 2,341.41 | 1,810.17 | 8472.51 | 7,208.04 |
| Non Controlling Interest | 7.05 | 1.54 | (0.16) | 7.72 | 9.57 |
| 1,918.73 | 2,342.95 | 1,810.01 | 8480.23 | 7,217.61 | |
| Paid up equity share capital | 1,273.71 | 1,272.53 | 1,272.53 | 1,273.71 | 1,272.53 |
| Earnings Per Share of Face value of Rs. 10 Each Basic | 14.92 | 18.46 | 14.30 | 66.64 | 57.01 |
| EPS (N Profit) | 14.92 | 18.44 | 14.29 | 66.64 | 56.95 |
Mumbai
May 30, 2026
For Dynacons Systems & Solutions Ltd.
for and on behalf of the Board of Directors
Dharmesh S. Anjaria
Whole - time Director & CFO
Din No: 00445009
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS
SOLUTIONS THAT EMPOWER
Audited Standalone and Consolidated Statement of Assets & Liabilities as on March 31, 2026
(Rs in lakh) (Rs in lakh)
| Particulars | STANDALONE | CONSOLIDATED | ||
|---|---|---|---|---|
| Year Ended | Year Ended | Year Ended | Year Ended | |
| 31/03/2026 Audited | 31/03/2025 Audited | 31/03/2026 Audited | 31/03/2025 Audited | |
| A ASSETS | ||||
| 1 Non-current assets | ||||
| (a) Property, Plant and Equipment | 6,801.06 | 765.25 | 6,801.06 | 765.25 |
| (b) Right-of-use asset | 8,995.13 | 155.73 | 8,995.13 | 155.73 |
| (c) Capital Work in Progress | 0.00 | 2,195.48 | 261.42 | 2,407.18 |
| (d) Financial Assets | ||||
| i) Investment in Subsidiaries | 10.05 | 10.05 | 0.00 | 0.00 |
| ii) Other Investments | 77.83 | 79.46 | 77.83 | 79.46 |
| iii) Other Financial Assets | 3,547.62 | 5,970.01 | 3,547.62 | 5,970.01 |
| (e) Deferred Tax Assets (Net) | 627.56 | 106.24 | 627.56 | 106.24 |
| (f) Other Non Current Assets | 3,201.72 | 3,819.71 | 3,201.72 | 3,819.71 |
| Sub-total-Non-Current Assets | 23,260.96 | 13,101.92 | 23,512.32 | 13,303.57 |
| 2 Current assets | ||||
| (a) Inventories | 1,616.31 | 5,823.74 | 1,616.31 | 5,823.74 |
| (b) Financial Assets | ||||
| i) Trade receivables | 60,235.01 | 43,662.75 | 60,219.02 | 43,657.91 |
| ii) Cash and cash equivalents | 1,259.88 | 3,440.93 | 1,288.19 | 3,468.98 |
| iii) Other balances with banks | 9,863.15 | 6,985.26 | 9,863.15 | 6,985.26 |
| iv) Short-term loans and advances | 318.49 | 276.81 | 366.58 | 361.02 |
| v) Other Financial Assets | 3,485.59 | 2,735.46 | 3,485.59 | 2,735.46 |
| (c) Other Current Assets | 958.01 | 1,380.54 | 947.96 | 1,382.85 |
| Sub-total-Current Assets | 77,736.43 | 64,305.49 | 77,786.79 | 64,415.22 |
| TOTAL ASSETS | 1,00,997.39 | 77,407.41 | 1,01,299.12 | 77,718.80 |
| 0 EQUITY AND LIABILITIES | ||||
| 1 Equity | ||||
| (a) Equity Share Capital | 1,273.71 | 1,272.53 | 1,273.71 | 1,272.53 |
| (b) Other Equity | 30,232.36 | 21,819.43 | 30,234.32 | 21,824.81 |
| Equity attributable to shareholders of the company | 31,506.07 | 23,091.97 | 31,508.03 | 23,097.35 |
| Non-controlling Interests | 0.00 | 0.00 | 20.96 | 13.24 |
| Total Equity | 31,506.07 | 23,091.97 | 31,528.99 | 23,110.59 |
| 2 Non-current liabilities | ||||
| (a) Financial Liabilities | 150.50 | 286.05 | 150.50 | 286.05 |
| i) Borrowings | 11,360.43 | 6,433.54 | 11,360.43 | 6,433.54 |
| ii) Lease Liabilities | 486.02 | 414.04 | 490.00 | 414.04 |
| (b) Long-term provisions | 16.89 | 16.08 | 16.89 | 16.08 |
| (c) Other non-current liabilities | 12,013.84 | 7,149.71 | 12,017.81 | 7,149.71 |
| Sub-total-Non-Current Liabilities | 12,013.84 | 7,149.71 | 12,017.81 | 7,149.71 |
| 3 Current liabilities | ||||
| (a) Financial Liabilities | 7,972.12 | 4,902.66 | 7,972.12 | 4,902.66 |
| i) Borrowings | 4,171.35 | 2,261.27 | 4,171.35 | 2,261.27 |
| ii) Lease Liabilities | 148.71 | 197.20 | 148.71 | 197.20 |
| iii) Trade payables | 44,178.90 | 39,088.59 | 44,436.42 | 39,362.52 |
| (a) Total outstanding dues of micro enterprises and small enterprises | 1,006.40 | 716.01 | 1,023.71 | 734.84 |
| (b) Total outstanding dues of creditors other than micro enterprises | 57,477.48 | 47,165.74 | 57,752.32 | 47,458.50 |
| (b) Other current liabilities | 1,00,997.39 | 77,407.41 | 1,01,299.12 | 77,718.80 |
| Sub-total-Current Liabilities | 1,00,997.39 | 77,407.41 | 1,01,299.12 | 77,718.80 |
| TOTAL - EQUITY AND LIABILITIES | 1,00,997.39 | 77,407.41 | 1,01,299.12 | 77,718.80 |
Dynacons Systems & Solutions Limited
CIN NO: L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office: 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office: 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS SOLUTIONS THAT EMPOWER
Notes :
1) The above results were reviewed and recommended by the Audit Committee at its meeting held on May 30, 2026 and were placed and approved at the meeting of the Board of Directors held on May 30, 2026
2) The Company operates in the segment of Systems Integration and Services. The Company has identified Technology Workforce Augmentation Services as a focus business segment from the existing services provided by the Company. Hence the two business segments which forms the operating segments for segment reporting are :
- System Integration
- Technology Workforce Augmentation Services
3) Figures for the quarter ended March 31, 2026 and March 31, 2025 pertaining to the Company are the balancing figures between audited figures in respect of the full financial year and published year to date unaudited figures up to the third quarter of the year ended March 31, 2026 and March 31, 2025 for the Company.
4) These statements have been prepared in accordance with Companies (Indian Accounting Standards) Rules 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and pursuant to the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other accounting practices and policies to the extent applicable.
5) The Nomination & Remuneration Committee of the Company in their meeting held on January 09,2025 had granted 12,750 Stock Options to the eligible Employees of the Company under 'Dynacons - Employees Stock Option Plan 2020' (ESOP - 2020'), of which 11750 equity shares of face value Rs. 10 each were allotted in the Board Meeting held on March 10, 2026, to the eligible employees at an exercise price of Rs. 10 per share.
6) On November 21, 2025, the Government of India notified the four Labour Codes — the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 — consolidating 29 existing labour laws. The Ministry of Labour & Employment also published draft Central Rules and FAQs to facilitate assessment of the potential implications arising from the revised regulations.
The Company has evaluated the provisions of the Labour Codes, the draft rules, FAQs, and relevant legal interpretations, including the possible impact on employee compensation structures effective April 1, 2026. Based on such assessment, the Group does not expect any material financial impact on its standalone and consolidated financial statements as at and for the year ended March 31, 2026.
The Company continues to monitor the finalisation of Central / State Rules and further clarifications from the Government in relation to the Labour Codes and will consider the accounting implications, if any, arising from future developments.
7) The figures for the previous period have been regrouped and re-arranged, wherever necessary, to make them comparable with the current period.
Mumbai
May 30, 2026
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS SOLUTIONS THAT EMPOWER
Standalone Cash Flow Statement for the Year Ended 31st March, 2026
(Rs. in Lakhs)
| Particulars | For the period ended 31st March, 2026 | For the period ended 31st March, 2025 | |
|---|---|---|---|
| A CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net profit before Tax and extraordinary items | 11,376.85 | 9,700.95 | |
| Add: | Depreciation And Amortisation Expense | 1,453.03 | 164.63 |
| Finance Costs | 2,320.19 | 1,321.49 | |
| Share based payments to employees | 0.00 | 48.33 | |
| Gain on sale of investments | 0.00 | (122.48) | |
| Red debts and advances written off, allowance for doubtful trade receivables and advances (net) | 0.00 | 0.00 | |
| 3,773.22 | 1,411.97 | ||
| Operating profit before working Capital | 15,150.06 | 11,112.92 | |
| Changes in current assets and liabilities | |||
| Adjustments for (increase) / decrease in operating assets: | |||
| Inventories | 4207.44 | 1515.12 | |
| Trade receivables | (16572.26) | (3510.76) | |
| Other non current financial assets | 2422.39 | 159.66 | |
| Other non current assets | 617.99 | (3819.71) | |
| Other current financial assets | (3670.12) | 2994.23 | |
| Other current assets | (2964.58) | (1093.00) | |
| Adjustments for increase / (decrease) in operating liabilities: | |||
| Trade payables | 5,041.82 | 1,093.75 | |
| Other current liabilities | 290.39 | (99.35) | |
| Other non current Liabilities | 0.80 | 0.99 | |
| Provisions | 72.82 | 15.94 | |
| (10553.31) | (2743.14) | ||
| Cash Generated from Operations | 4,596.76 | 8369.78 | |
| Taxes paid | (33.28) | (1959.03) | |
| Net Cash Flow from operating activities | 4,563.48 | 6410.75 | |
| B CASH FLOW FROM INVESTING ACTIVITIES | |||
| Purchase of Property, Plant and Equipment | (6500.43) | (535.51) | |
| Capital Work In Progress Expenditure | 2195.48 | (2195.48) | |
| Sale of Investments | 0.00 | 122.48 | |
| Purchase of Investments | 0.00 | 0.00 | |
| Net Cash Used for Investing Activities | (4304.96) | (2608.51) | |
| C CASH FLOW FROM FINANCING ACTIVITIES | |||
| Repayment of Lease Liabilities | (2990.84) | (1112.45) | |
| Dividend Paid | (63.63) | (63.57) | |
| Share Application Money Received | 0.00 | 0.00 | |
| Employee Share Options Money Received | 1.18 | 1.22 | |
| Long-term borrowings (net) | (135.55) | (661.10) | |
| Short-term borrowings (net) | 3069.46 | 2530.45 | |
| Interest Paid | (2320.19) | (1321.49) | |
| Net cash From Financing Activities | (2439.57) | (626.93) |
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS
SOLUTIONS THAT EMPOWER
Standalone Cash Flow Statement for the Year Ended 31st March, 2026
(Rs. In Lakhs)
| Particulars | For the period ended 31st March, 2026 | For the period ended 31st March, 2025 |
|---|---|---|
| D Net Increase in Cash and Cash Equivalents (A+B+C) | (2181.05) | 3175.32 |
| E Cash and Cash Equivalents (Opening Balance) | 3,440.93 | 265.62 |
| F Cash and Cash Equivalents (Closing Balance) | 1,259.88 | 3,440.93 |
| Component of Cash & Cash equivalents | ||
| Cash on hand | 0.71 | 0.48 |
| Balances with banks in current accounts | 26.17 | 73.37 |
| Demand deposits with Banks | 1,233.00 | 3,367.09 |
| 1,259.88 | 3,440.93 | |
| For Dynacons Systems & Solutions Ltd. | ||
| for and on behalf of the Board of Directors | ||
| Mumbai | Dharmesh S. Anjaria | |
| Whole - time Director & CFO | ||
| Din No: 00445009 | ||
| May 30, 2026 |
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000 – 1:2018, ISO – 27001:2022 , CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS
SOLUTIONS THAT EMPOWER
Consolidated Cash Flow Statement for the Year Ended 31st March, 2026
(Rs. in Lakhs)
| Particulars | For the period ended 31st Mar, 2026 | For the period ended 31st Mar, 2025 | |
|---|---|---|---|
| A CASH FLOW FROM OPERATING ACTIVITIES | |||
| Net profit before Tax and extraordinary items | 11,392.13 | 9,714.11 | |
| Add: | Depreciation And Amortisation Expense | ||
| (Profit)/Loss on sale of Investments | 1,453.03 | 164.63 | |
| Finance Costs | 2,320.19 | 1,321.49 | |
| Difference in Foreign Exchange Rates | 0.62 | 0.16 | |
| Share based payments to employees | 0.00 | 48.33 | |
| Bad debts and advances written off, allowance for | |||
| doubtful trade receivables and advances (net) | 0.00 | 0.00 | |
| Other adjustments to reconcile profit (loss) | 0.00 | 0.00 | |
| 3,773.83 | 1,412.13 | ||
| Operating profit before working Capital | 15,165.96 | 11,126.24 | |
| Changes in current assets and liabilities | |||
| Adjustments for (increase) / decrease in operating assets: | |||
| Inventories | 4207.44 | 1515.12 | |
| Trade receivables | (16561.12) | (3489.14) | |
| Other non current financial assets | 2422.39 | 159.66 | |
| Other non current assets | 617.99 | (3819.71) | |
| Other current financial assets | (3632.99) | 2895.02 | |
| Other current assets | (2964.82) | (1100.44) | |
| Adjustments for Increase / (decrease) in operating liabilities: | |||
| Increase/(Decrease) in Current Liabilities & Provision | |||
| Trade payables | 5,025.42 | 1,355.21 | |
| Other current liabilities | 288.86 | (95.62) | |
| Other non current Liabilities | 0.80 | 0.59 | |
| Provisions | 76.79 | 15.54 | |
| (10519.24) | (2562.98) | ||
| Cash Generated from Operations | 4,646.73 | 8563.26 | |
| Taxes paid | (33.28) | (1959.03) | |
| Net Cash Flow from operating activities | 4,613.45 | 6,604.23 | |
| B CASH FLOW FROM INVESTING ACTIVITIES | |||
| Purchase of Property, Plant and Equipment | (6500.43) | (535.51) | |
| Capital Work In Progress Expenditure | 2145.76 | (2381.60) | |
| Purchase of Investments | 0.00 | 0.00 | |
| Sale of Investments | 0.00 | 122.48 | |
| Net Cash Used for Investing Activities | (4354.67) | (2794.62) | |
| C CASH FLOW FROM FINANCING ACTIVITIES | |||
| Repayment of Lease Liabilities | (2990.84) | (1112.45) | |
| Payment of Dividend | (63.63) | (63.57) |
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000-1:2018, ISO-27001:2022, CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS
SOLUTIONS THAT EMPOWER
Consolidated Cash Flow Statement for the Year Ended 31st March, 2026
(Rs. in Lakhs)
| Particulars | For the period ended 31st Mar, 2026 | For the period ended 31st Mar, 2025 |
|---|---|---|
| Employee Share Options Money Received | 1.18 | 1.22 |
| Addition / (Repayment) of long-term borrowings | (135.55) | (661.10) |
| Short-term borrowings (net) | 3069.46 | 2530.45 |
| Interest Paid | (2320.19) | (1321.49) |
| Other inflows /(Outflows) of Cash | 0.00 | - |
| Net cash From Financing Activities | (2439.57) | (525.93) |
| D Net Increase in Cash and Cash Equivalents (A+B+C) | (2180.79) | 3182.68 |
| E Cash and Cash Equivalents (Opening Balance) | 3,468.98 | 285.30 |
| F Cash and Cash Equivalents (Closing Balance) | 1,288.19 | 3,468.98 |
| Component of Cash & Cash equivalents | ||
| Cash on hand | 3.39 | 2.92 |
| Balances with banks in current accounts | 51.81 | 98.97 |
| Demand deposits with Banks | 1,233.00 | 3,387.09 |
| 1,288.19 | 3,468.98 |
For Dynacons Systems & Solutions Ltd.
for and on behalf of the Board of Directors
Mumbai
May 30, 2026
Dharmesh S. Anjaria
Whole - time Director & CFO
Din No: 00445009
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000 – 1:2018, ISO – 27001:2022 , CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS
SOLUTIONS THAT EMPOWER
Segment Information of Consolidated Financial Results for the Quarter & Year Ended Mar 31, 2026
(Rs in lakh)
| CONSOLIDATED | |||||
|---|---|---|---|---|---|
| Quarter Ended | Year Ended | ||||
| Particulars | March 31, 2026 | Dec. 31, 2025 | March 31, 2025 | March 31, 2026 | Mar. 31, 2025 |
| Segment Revenue | |||||
| - System Integration | 39,870.31 | 33,679.34 | 32,565.24 | 1,40,728.70 | 1,25,506.34 |
| - Technology Workforce Augmentation Services | 374.54 | 379.59 | 325.23 | 1,699.65 | 1,215.63 |
| Total Income from Operations | 40,244.85 | 34,058.93 | 32,890.46 | 1,42,428.34 | 1,26,721.97 |
| Segment Results | |||||
| - System Integration | 3,445.01 | 3,885.53 | 2,724.06 | 13,820.72 | 10,067.26 |
| - Technology Workforce Augmentation Services | 185.81 | 175.18 | 165.15 | 772.11 | 587.64 |
| 3,620.81 | 4,060.71 | 2,889.21 | 14,592.83 | 10,654.90 | |
| Finance Costs | 673.87 | 646.04 | 527.58 | 2,320.19 | 1,110.41 |
| Unallocable Expenses | 626.88 | 410.33 | 52.63 | 1,453.03 | 501.58 |
| Other Income | 213.01 | 140.29 | 168.81 | 572.51 | 671.21 |
| Profit before tax | 2,543.08 | 3,144.63 | 2,477.82 | 11,392.13 | 9,714.11 |
| Tax expense | 644.05 | 795.20 | 657.54 | 2,910.89 | 2,465.05 |
| Profit after tax | 1,899.03 | 2,349.43 | 1,820.28 | 8,481.24 | 7,249.06 |
Segment Assets and Liabilities
The assets and liabilities used in the Company's business are not identified with any of the operating segments, as these are used interchangeably between the reportable segments. The management of the Company believes that it is currently not practicable to provide segment disclosures relating to total assets and total liabilities.
For Dynacons Systems & Solutions Ltd.
for and on behalf of the Board of Directors
Mumbai
May 30, 2026
Dharmesh S. Anjaria
Whole - time Director & CFO
Din No: 00445009
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2015, ISO 20000 – 1:2018, ISO – 27001:2022 , CMMI Maturity Level 5
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | www.dynacons.com | [email protected] | 1860-123-4444
DYNACONS SOLUTIONS THAT EMPOWER
Declaration
Declaration of Unmodified Audit Report pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
I, Mr. Dharmesh Anjaria, Executive Director and Chief Financial Officer of Dynacons Systems & Solutions Limited having its registered office at 78, Ratnajyot Industrial Estate, Irla Lane, Vile-Parle (W), Mumbai-400056, hereby declare that M/s. M S P & Co., Statutory Auditors of the Company, have issued an Audit Report with Unmodified Opinion on Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on March 31, 2026.
This declaration is given pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended and Circular No., CIR/CFD/CMD/56 /2016 dated May 27, 2016.
For Dynacons Systems & Solutions Ltd.
Dharmesh Anjaria
Executive/Whole-Time Director &
Chief Financial Officer
Din: 00445009
Date: May 30, 2026
Dynacons Systems & Solutions Limited
CIN NO : L72200MH1995PLC093130
Certified ISO 9001:2008, ISO 14001:2015, ISO 20000-1:2011, ISO 27001:2013, CMMI Maturity Level 3
Registered Office : 78, Ratnajyot Industrial Estate, Irla Lane, Vile Parle West, Mumbai - 400 056.
Corporate Office : 3rd Floor, A Wing, Sunteck Centre, Subhash Road, Near Garware Chowk, Vile Parle East, Mumbai - 400 057.
+91-22-66889900 | +91-22-26716641 | www.dynacons.com | [email protected] | 1860-123-4444
M S P & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
Independent Auditor's Report on Quarterly Financial Results and Year to Date Audited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.
To,
Board of Directors of
Dynacons Systems and Solutions Limited.
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone quarterly financial results of Dynacons Systems and Solutions Limited (the "Company") for the quarter ended March 31, 2026 and for the year to date results for the period from April 1, 2025 to March 31, 2026 (the "Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as 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. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
ii. gives 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 net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2026 as well as the year to date results for the period from April 1, 2025 to March 31, 2026.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone 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 obtained by us is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financial Results
The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards 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 Regulation 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
M S P & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
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 Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.
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 Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 financial results.
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. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
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 the 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 financial results 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.
M S P & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
- Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.
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.
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 the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.
For M S P & Co.
Chartered Accountants
Firm Registration No: 107565W
Madhusudan
Shantilal Parikh
Digitally signed by Madhusudan (Kantilal Parikh)
Date: 2026.05.30 22:18:17 +08'33'
CA Madhusudan Parikh, Partner
Membership No. 008684
Mumbai
May 30, 2026
UDIN: 26008684MXJJEU3419
MSP & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
Auditor’s Report on consolidated audited quarterly and year to date financial results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
To
Board of Directors of
Dynacons Systems & Solutions Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of Dynacons Systems & Solutions Limited (“Holding company”), and its Subsidiaries (Holding company and its Subsidiaries together referred to as “the Group”) for the quarter ended March 31, 2026 and for the period from April 1, 2025 to March 31, 2026 (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, and based on the our audit procedures, the Statement includes the results of the following entities:
i) Dynacons Systems & Solutions Limited (Holding Company)
ii) Dynacons Systems & Solutions PTE. Ltd (Subsidiary Company)
iii) Cybercons Infosec Private Limited (Subsidiary Company)
a. is presented in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated total comprehensive income and other financial information of the Group for the quarter ended 31st March 2026 as well as year to date results for the period from April 1, 2025 to March 31, 2026.
Basis of Opinion
We conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Companies Act, 2013. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the Statement is free of material misstatement.
Our responsibilities under those Standards are further described in the Auditor’s Responsibilities paragraph. We are independent of the Group, and its associates 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 statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our
MSP & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
other ethical responsibilities in accordance with these requirements and the Code of Ethics.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
We believe that the audit evidence obtained by us and audit procedures for audit of subsidiary company adjustments, are sufficient and appropriate to provide a basis for our audit opinion.
Management’s Responsibilities for the Consolidated Financial Results
These quarterly financial results as well as the year to date consolidated financial results have been prepared on the basis of the annual consolidated financial statements.
The Holding Company’s Management is responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associate in accordance with the recognition and measurement principles 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 Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group 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 accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor’s Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated 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
MSP & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
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 consolidated financial results.
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 consolidated financial results, 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. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls.
-
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 the 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 ability of the Group and its associates 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 consolidated financial results 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 Group and its associates to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results / financial information of the entities within the Group and its associates to express an opinion on the consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated Financial Results, which have been audited by us, we remain responsible for the direction, supervision and performance of the audits carried out by us and we remain solely responsible for our audit opinion.
MSP & CO. CHARTERED ACCOUNTANTS
CA INDIA
76, RATNAJYOT INDUSTRIAL ESTATE, IRLA LANE, VILE PARLE (WEST), MUMBAI 400 056.
TEL: 96999 57001. EMAIL: [email protected]
We communicate with those Management of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors 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 the Management 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.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
The Statement includes the financial results of two subsidiaries whose financial statements reflect total assets of Rs. 301.73 Lakhs as at March 31, 2026, total revenue (including other income) of Rs. 161.05 Lakhs and net profit after tax of Rs. 3.68 Lakhs for the year ended March 31, 2026, as considered in the consolidated financial results. The financial statements of one subsidiary located in India have been audited by us.
In respect of the other subsidiary located outside India, the financial statements have been prepared by the management in accordance with the accounting principles generally accepted in the respective country. The Holding Company's management has converted such financial statements from the accounting principles generally accepted in that country to the accounting principles generally accepted in India for the purpose of consolidation. We have audited the conversion adjustments made by the Holding Company's management.
Our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the aforesaid foreign subsidiary, is based on the financial information after giving effect to the conversion adjustments audited by us.
Our opinion on the Statement is not modified in respect of the above matter.
For M S P & Co.
Chartered Accountants
Firm Registration No: 107565W
Madhusudan
Digitally signed by
Madhusudan Shantilal Parikh
Shantilal Parikh
Date: 2026.05.30 22:14:27
+05'30'
CA Madhusudan Parikh, Partner
Membership No: 008684
Mumbai
May 30, 2026
UDIN: 26008684DUZMIA8940
