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Elnet Technologies Ltd. Interim / Quarterly Report 2026
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Interim / Quarterly Report
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EInet Technologies Ltd
TUV SUD ISO 9001
Date: May 14, 2026
To
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai -400001.
Security ID/Code - ELNET/517477
ISIN: INE033C01019
Respected Sir/Madam,
Sub: Outcome of the 205th Board Meeting held on May 14, 2026.
Ref: Regulation 33 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 33 read with Regulation 30, Schedule III, Part-A (4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions and further to our letter dated May 08, 2026, intimating the date of the 205th Board Meeting, we wish to inform that the Board of Directors of the Company, at its meeting held today (i.e. May 14, 2026), has inter alia transacted the following business:
- Approval of Audited Financial Results (Annexure-1)
The Board approved the Audited Financial Results for the Quarter and Financial Year ended March 31, 2026. In this regard, please find enclosed (Annexure- 1):
- Audited Financial results for the Quarter and Financial Year ended March 31, 2026, and
- Independent Auditors Report in respect of the Audited Financial results of the Company for the Quarter and Financial Year ended March 31, 2026.
- Declaration confirming Auditors Report with unmodified opinion(s).
Pursuant to Regulation 47 of the SEBI LODR, the said Financial Results shall be published in the prescribed format in English and Tamil newspapers within the stipulated time. The detailed Audited Financial results of the Company will also be available on the website of the Company www.elnettechnologies.com as well as on the BSE.
- Appointment of Mr. Navneet Ganapathi, (DIN: 03179054) Non-Executive - Independent Director
Based on the recommendation of Nomination and Remuneration Committee the Appointment of Mr. Navneet Ganapathi, (DIN: 03179054) Non Executive - Independent Director with effect from May 14, 2026 to fill the casual vacancy in compliance with regulation 17(1E), which will further be subject to approval of shareholder as per Regulation 17 (1C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
EInet Technologies Ltd
TUV SUD ISO 9001
Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as Annexure 2.
3. Re-Appointment of Internal Auditor for the Financial Year 2026-27
Based on the recommendation of the Audit Committee, the Board of Directors of the Company has approved the appointment of M/s. Ajay Kumar & Associates, Chartered Accountants as Internal Auditor to carry out the Internal Audit of the Company, for the Financial Year 2026-27.
Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, is attached as Annexure 3.
4. Comments of Board of Directors on Late Submission of voting results for the EGM held on February 03rd, 2026 under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:
Background and Corrective Action:
The Company had duly submitted the voting results and the Scrutinizer's Report in PDF format on February 5, 2026, and simultaneously published the same on the Company's website. However, the corresponding XBRL filing was completed on February 6, 2026. This delay was caused by a technical system issue and was entirely inadvertent. Upon identifying the lapse, the Company took immediate remedial action to complete the filing. Further the Company has paid the aforementioned penalty.
The Non-Compliance of Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations), 2015 i.e., for Non submission of EGM voting result within the prescribed timeline and fine imposed by BSE vide their letter dated March 13, 2026, were placed before the Board of Directors in their meeting held on May 14, 2026. The Board of Directors had discussed and took note of the matter of non-compliance. The Company has also paid the imposed fine on March 24, 2026. After a thorough analysis, the Board acknowledged that the delay in compliance was inadvertent and unintentional.
Comments by Board members:
The Board further emphasized that going forward, all prescribed timelines and regulatory compliances will be strictly adhered to. The Company has strengthened its internal compliance tracking to prevent such occurrences in the future.
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
EInet Technologies Ltd
TUV SUD ISO 9001
The Board Meeting commenced at 12.00 P.M. and concluded at 1:40 P.M.
This is for your information and records.
Thanking you,
Yours faithfully,
For ELNET TECHNOLOGIES LIMITED
SWATI S BAJAJ
SWATI S BAJAJ COMPANY SECRETARY
Digitally signed by SWATI S BAJAJ
Date: 2026.05.14 13:53:22
+05'30'
Encl.: As above
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
EInet Technologies Ltd
TUV SUD ISO 9001
Annexure 1
To
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai -400001.
Security ID/Code - ELNET/517477
ISIN: INE033C01019
Subject: Declaration pursuant to Regulation 33(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 33(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby declare that the Statutory Auditors of the Company, M/s Selvam & Suku, Chartered Accountants have submitted the Audit Report with unmodified opinion(s), for standalone Audited Financial Results, fore the financial year ended March 31, 2026.
We request you to kindly take the same on record.
Thanking you,
Yours faithfully,
For ELNET TECHNOLOGIES LIMITED
SWATI S
BAJAJ
Digitally signed by
SWATI S BAJAJ
Date: 2026.05.14
13:53:43 +05'30'
SWATI S BAJAJ
COMPANY SECRETARY
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
EInet Technologies Ltd
TUV SUD ISO 9001
Annexure-2
The detailed information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14/(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
Appointment of Mr. Navneet Ganapathi, (DIN: 03179054) Non-Executive - Independent Director
| S. No. | Particulars | Mr. Navneet Ganapathi |
|---|---|---|
| 1 | Reason for Change viz Appointment, Resignation, Removal, Death or otherwise. | Appointment |
| 2 | Date of Appointment/Cessation | May 14, 2026 |
| 3 | Brief Profile (in case of Appointment) | Mr. Navneet Krishnan is having years of experience in the management field. Currently he is the Managing partner for Cosmic Ventures LLC |
| 4 | Disclosure of relationships between directors (in case of Appointment of a director) | None |
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
EInet Technologies Ltd
TUV SUD ISO 9001
Annexure-3
The detailed information as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14/(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026
Re-Appointment of Internal Auditor for the Financial Year 2026-27
| S. No. | Particulars | M/s. Ajay Kumar & Associates |
|---|---|---|
| 1 | Reason for Change viz Appointment, Resignation, Removal, Death or otherwise. | Re-Appointment |
| 2 | Date of Appointment/Cessation | Date of appointment - May 14, 2026 |
| Term of Appointment – Financial Year 2026-27 | ||
| 3 | Brief Profile (in case of Appointment) | M/s. Ajay Kumar & Associates, Chartered Accountant provides services in the field of Internal Audits, Inventory Audits, Continuous Transaction Monitoring, Depot Audits, Factory Audits, Retail Audits, Breakage/Stales Audits, Fixed Assets Audits, Forensic Audits, Direct Tax, Indirect Tax, Etc |
| 4 | Disclosure of relationships between directors (in case of Appointment of a director) | None |
REGD. OFF: ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
E
Inet Technologies Ltd
TUV SUD ISO 9001
AJAY KUMAR & ASSOCIATES CHARTERED ACCOUNTANTS
09-05-2026
To,
The Board of Directors,
M/S Elnet Technologies Limited,
TS 140 Block 2&9, Rajiv Gandhi Salai,
Taramani, Chennai- 600 113
Sub: Consent Letter
Dear Sir(s)/Madam(s),
We Ajay Kumar & Associates, Chartered Accountants hereby give our consent for being appointment as Internal Auditor of M/S Elnet Technologies Limited for the financial year 2026-27.
For Ajay Kumar & Associates.
Ajay Kumar
Membership number – 211678
AJAY KUMAR
Digitally signed by AJAY KUMAR
Date: 2026.05.09 11:03:23
+05'30"
4th Floor, Yaafa Complex, #9, Purasawalkam High Road, Chennai – 600007
Phone - 91-44-39652001/9884098600 Web : www.ak-ca.com E Mail : [email protected]
REGD. OFF : ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL : +91-44-2254 1337, +91-44-2254 1098 FAX : +91-44-2254 1955
E-mail : [email protected] / [email protected] | www.elnettechnologies.com
CIN : L72300TN1990PLC019459
E
Inet Technologies Ltd
TUV SUD ISO 9001
| Elnet Technologies Limited Regd. Office: TS 140, Rajiv Gandhi Salai, Taramani, Chennai-600113 TEL: +91-44-2254 1337, +91-44-22541098 FAX: +91-44-2254 1955 Email: [email protected] Website: www.elnettechnologies.com CIN: L72300TN1990PLC019459 Statement of audited Financial Results for the quarter and Year ended March 31, 2026 | ||||||
|---|---|---|---|---|---|---|
| (Rs.in Lakhs) | ||||||
| SI No | Particulars | Quarter ended | Year ended | |||
| Mar 31, 2026 (audited) | Mar 31, 2025 (audited) | Dec 31, 2025 (Unaudited) | March 31, 2026 (audited) | March 31, 2025 (audited) | ||
| 1 | Income | |||||
| Revenue from operations | 615.70 | 523.23 | 645.18 | 2,494.13 | 2,303.00 | |
| Other Income (Net) | 308.72 | 299.92 | 261.20 | 1,118.23 | 1,022.29 | |
| 3 | Total Income (1+2) | 924.42 | 823.15 | 906.38 | 3,612.36 | 3,325.30 |
| 4 | Expenses | |||||
| Employee benefit expenses | 50.07 | 47.55 | 52.60 | 198.29 | 194.19 | |
| Finance costs | 21.81 | 10.88 | 20.99 | 68.29 | 45.57 | |
| Depreciation and amortization expense | 20.38 | 42.68 | 46.34 | 154.33 | 159.94 | |
| Electricity Charges | 84.02 | 94.47 | 71.75 | 292.78 | 320.70 | |
| Other expenses | 49.46 | 66.81 | 86.47 | 344.21 | 315.00 | |
| Total Expenses | 225.74 | 262.40 | 278.15 | 1,057.90 | 1,035.41 | |
| 5 | Profit before tax (3-4) | 698.68 | 560.75 | 628.23 | 2,554.46 | 2,289.89 |
| 6 | Tax expense | 196.40 | 87.32 | 125.54 | 545.25 | 534.67 |
| 7 | Profit for the period / year (5-6) | 502.28 | 473.43 | 502.69 | 2,009.21 | 1,755.22 |
| 8 | Other comprehensive income / (expense), net of income tax | (0.24) | 1.39 | - | (0.24) | 1.39 |
| 9 | Total comprehensive income for the period /year (7+8) | 502.04 | 474.82 | 502.69 | 2,008.97 | 1,756.61 |
| 10 | Paid-up equity share capital | 400.00 | 400.00 | 400.00 | 400.00 | 400.00 |
| Face value per share (Rs) | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | |
| 11 | Other equity | - | - | - | 17,158.05 | 15,225.16 |
| 12 | Earning per share (Rs) | |||||
| - Basic | 12.56 | 11.84 | 12.57 | 50.23 | 43.88 | |
| - Diluted | 12.56 | 11.84 | 12.57 | 50.23 | 43.88 | |
| Notes: | ||||||
| 1 | The audited financial results have been reviewed by the Audit committee and approved by the board of directors at their respective meeting, held on 14-05-2026. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. | |||||
| 2 | The company is engaged in the sole activity of carrying on the business of "Promotion and Maintenance of Software Technology Park" and therefore, has only one reportable segment in accordance with Ind AS 108 "Operating Segments". Hence, no separate segment reporting is applicable to the company. | |||||
| 3 | Previous year/period's figures have been regrouped/recast, wherever necessary, to confirm to the classification of the current year/period's classification. | |||||
| Place: Chennai | ||||||
| Date: 14 May 2026 | Mrs. Unnamalai Thiagarajan | |||||
| Managing Director | ||||||
| DIN: 00203154 |
REGD. OFF : ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 600 113, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459 GST No.: 33AAACE0785D1Z3
E
Inet Technologies Ltd
TUV SUD ISO 9001
| Elnet Technologies Limited Balance Sheet as at March 31, 2026 (All amounts in ₹ lakhs, unless otherwise stated) | |||
|---|---|---|---|
| Particulars | Note No. | As at March 31, 2026 | As at March 31, 2025 |
| ASSETS | |||
| Non-current assets | |||
| Property, plant and equipment | 4 | 2,306.90 | 2,251.14 |
| Capital work in progress | 5 | 15.00 | 10.05 |
| Financial assets | |||
| Investments | 6 | 423.54 | 423.54 |
| Other financial assets | 7 | 6,255.32 | 794.88 |
| Income Tax Assets (net) | 8 | 16.02 | 6.33 |
| Deferred tax asset (net) | 19 | 83.10 | 11.08 |
| Other Non Current Assets | 9 | 768.07 | 780.31 |
| Total non-current assets | 9,867.95 | 4,277.32 | |
| Current assets | |||
| Financial assets | |||
| Trade receivables | 10 | 70.93 | 195.12 |
| Cash and cash equivalents | 11 | 997.12 | 2,350.74 |
| Bank balances other than above | 12 | 8,020.75 | 10,193.51 |
| Other financial assets | 13 | 481.74 | 441.19 |
| Other current assets | 14 | 122.91 | 36.61 |
| Total current assets | 9,693.45 | 13,217.17 | |
| Total Assets | 19,561.40 | 17,494.50 | |
| EQUITY AND LIABILITIES | |||
| Equity | |||
| Equity share capital | 15 | 400.00 | 400.00 |
| Other equity | 16 | 17,158.05 | 15,225.16 |
| Total equity | 17,558.05 | 15,625.17 | |
| Liabilities | |||
| Non-current liabilities | |||
| Financial liabilities | |||
| Other financial liabilities | 17 | 717.96 | 265.50 |
| Other Non Current liabilities | 17a | 126.69 | 62.32 |
| Provisions | 18 | 1.74 | 2.27 |
| Deferred Tax Liabilities (net) | 19 | - | - |
| Total non-current liabilities | 846.39 | 330.08 | |
| Current liabilities | |||
| Financial liabilities | |||
| Borrowings | 20 | 426.34 | 426.34 |
| Trade payables | - | - | |
| Total outstanding dues of micro enterprises and small enterprises | 21 | 35.22 | 36.31 |
| Total outstanding dues of creditors other than micro enterprises and small enterprises | |||
| Other financial liabilities | 22 | 649.14 | 1,024.47 |
| Provisions | 23 | - | - |
| Other current liabilities | 24 | 46.27 | 52.12 |
| 1,156.96 | 1,539.25 | ||
| Total liabilities | 2,003.35 | 1,869.33 | |
| Total Equity and Liabilities | 19,561.40 | 17,494.50 |
REGD. OFF : ELNET TECHNOLOGIES LIMITED, TS 140 BLOCK 2 & 9, RAJIV GANDHI SALAI, TARAMANI, CHENNAI - 098 413, TAMIL NADU, INDIA.
TEL: +91-44-2254 1337, +91-44-2254 1098 FAX: +91-44-2254 1955
E-mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN : L72300TN1990PLC019459 | GST No.: 33AAACE0785D1Z3
E
Inet Technologies Ltd
TUV SUD ISO 9001
ELNET TECHNOLOGIES LIMITED
Regd. Office: TS 140, Block No. 2 & 9, Rajiv Gandhi Salai, Taramani, Chennai - 600113
Website: WWW.elnttechnologies.com
CIN: L72300TN1990PLC019459
Statement of cash flows for the year ended March 31, 2026
(All amounts are in lakhs of Indian Rupees, unless otherwise stated)
| Particulars | For the year ended March 31, 2026 | For the year ended March 31, 2025 |
|---|---|---|
| Cash Flow From Operating Activities | ||
| Profit before income tax | 2,554.46 | 2,289.89 |
| Adjustments for | ||
| Depreciation and amortisation expense | 154.33 | 159.94 |
| (Profit)/Loss on sale of fixed asset | - | - |
| Provision/ (Reversal) for Employee Benefits | (1.51) | 0.95 |
| Interest Income on deposits | (1,105.70) | (961.53) |
| Finance costs | 68.29 | 45.57 |
| 1,669.87 | 1,534.82 | |
| Change in operating assets and liabilities | ||
| (Increase)/ decrease in Other financial assets | 2,172.76 | (392.76) |
| (Increase)/ decrease in trade receivables | 124.19 | (57.74) |
| (Increase)/ decrease in Other assets | (74.06) | 39.10 |
| Increase/ (decrease) in provisions and other liabilities | 134.21 | (93.07) |
| Increase/ (decrease) in trade payables | (1.09) | (9.08) |
| Cash generated from operations | 4,025.88 | 1,021.27 |
| Less: Income taxes paid (net of refunds) | 629.83 | 520.53 |
| Net cash from / (used in) operating activities (A) | 3,396.05 | 500.73 |
| Cash Flows From Investing Activities | ||
| Acquisition of property plant and equipment and Capital work-in-progress | (210.10) | (235.55) |
| Proceeds on redemption of investments | - | - |
| Proceeds from disposal of Property, plant and equipment and Capital work-in-progress | - | - |
| Maturity / (Investments in) fixed deposits with banks more than 3 months | (5,460.44) | (157.06) |
| Interest Received on Deposits | 996.87 | 960.81 |
| Net cash from / (used in) investing activities (B) | (4,673.67) | 568.20 |
| Cash Flows From Financing Activities | ||
| Dividend paid | (76.00) | (68.00) |
| Tax on dividend | - | - |
| Net cash used in financing activities (C) | (76.00) | (68.00) |
| Net increase / (decrease) in cash and cash equivalents (A+B+C) | (1,353.62) | 1,000.93 |
| Cash and cash equivalents at the beginning of the financial year | 2,350.74 | 1,349.81 |
| Cash and cash equivalents at end of the year | 997.12 | 2,350.73 |
| Notes: | ||
| 1. The above cash flow statement has been prepared under indirect method prescribed in Ind AS 7 'Cash Flow Statements'. | ||
| 2. Components of cash and cash equivalents | ||
| Balances with banks | ||
| - In current accounts | 161.98 | 600.23 |
| - In Deposit Account (maturing within 3 months) | 834.65 | 1,750.00 |
| Cash on hand | 0.50 | 0.50 |
| 997.12 | 2,350.74 |
Note:
The above Statement of Cash flows has been prepared under the 'Indirect method' as set out in Indian Accounting Standards (Ind As - 7) Statement of Cash flows As per our report of even date attached
E-mail: [email protected]
E-Mail: [email protected] / [email protected] | www.elnettechnologies.com
CIN: L72300TN1990PLC019459
GST No.: 33AAACE0785D1Z3
SELVAM & SUKU CHARTERED ACCOUNTANTS
CA
INDIA
E. PANNEERSELVAM, B.Com., F.C.A.,
S. KALYANASUNDARAM, M.Com., F.C.A.,
A. BINDU, B.Com., F.C.A.,
M. POORNANANTH, B.Com., F.C.A.,
S. MANIKANDAN, B.Com., F.C.A.,
S. REVATHY, B.Com., F.C.A.,
P. NIVETHA, B.Com., A.C.A.,
Independent Auditor's Report on Quarterly Financial Results and Year to Date Financial Results pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
To the Board of Directors of Elnet Technologies Limited
Report on the Audit of Financial Results
Opinion
We have audited the accompanying annual financial results of Elnet Technologies Limited (hereinafter referred to as 'the Company') for the quarter and year ended 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 ('Listing Regulations').
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Statement:
(i) are presented in accordance with the requirements of Regulation 33 of the Listing Regulations In this regard; and
(ii) give a true and fair view in conformity with the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") read with Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting principles generally accepted in India, of net profit and other comprehensive Income and other financial Information of the Company for the year ended March 31, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAS) specified under section 143(10) of the Act. 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 statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
C-1, First Floor, Alsa Towers, 186/187, Poonamallee High Road, Kilpauk, Chennai - 600 010.
Phone : 044 - 35713331 | 26425285 | 26425372
E-mail : [email protected]
We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
Board of Directors' 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 annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of this Statement that give a true and fair view of the net profit and other comprehensive Income In accordance with the Indian Accounting Standards prescribed under Section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended issued thereunder and other accounting principles generally accepted in India and In compliance with Regulation 33 of the Listing Regulations. The Board of Directors of the Company are responsible for 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 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, which have been used for the purpose of preparation of the Statement by the Directors of the Company, as aforesaid.
In preparing the Statement, the Board of Directors of the Company are responsible for assessing the ability of the Company 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 of the Company are responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Financial Results
Our objectives are to obtain reasonable assurance about whether the Statement 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.
CHEMICAL
600 010
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.
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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 Company 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.
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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 of the Company 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 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, relates safeguards.
CHENNAI 600 010
Other Matters
The Statement Include the results for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" which were subject to limited review by us.
Our Opinion is not modified in respect of the above matter.
For SELVAM & SUKU
Chartered Accountants
ICAI Firm Registration No.003701S
Nivetha P
Partner
Membership No. 268215
UDIN: 26268215HOBPQZ4699
Place: Chennai
Date: 14.05.2026