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Macfos Limited Interim / Quarterly Report 2026
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Interim / Quarterly Report
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MACFOS
LIMITED
Reg. office Add: S. NO. 78/1, Dynamic Logistics Trade Park, Sumant Building, Bhosari Alandi Rd, Dighi, Pune, Maharashtra 411015 CIN-L29309PN2017PLCT72718|CST-27AALCM3S36H1ZA
: www.robu.in [email protected]
: 1800 266 6123 / +91 20 68197600
Dated: 12/05/2026
To,
The General Manager
DCS-CRD
(Corporate Relationship Department)
BSE Ltd.
Rotunda Building
P.J. Tower, Dalal Street, Fort
MUMBAI-400001
BSE SCRIP Code: ROBU | 543787
Subject: Re-Submission of Audited Financial Results for The Quarter, Half Year and Year Ended 31st March, 2026 as Per Regulation 33 of SEBI (LODR) Regulations, 2015 – Correction of Clerical Error in Consolidated Cash Flow Statement.
Dear Sir(s),
We refer to our earlier submission of the Audited Financial Results (Standalone and Consolidated) for the Quarter, Half Year and Year ended 31st March, 2026 submitted pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
While reviewing the submitted results, it has been brought to our notice that a clerical error had inadvertently occurred in the Consolidated Cash Flow Statement. Specifically, the line items of "Inventories" and "Trade Receivables" were inadvertently interchanged in their respective positions in the said statement.
We hereby confirm that the said error is purely clerical in nature. The aforesaid error has now been duly rectified and we are re-submitting the Revised Consolidated Financial Results with the correct positioning of the above-mentioned line items in the Consolidated Cash Flow Statement.
We further confirm that all other data and figures in the financial results remain unchanged. There is no change in any other financial figures, disclosures, or statements forming part of the Audited Financial Results.
You are requested to kindly take the Revised Consolidated Financial Results on record and replace the earlier submission with the corrected version.
We regret the inconvenience caused.
Thanking you.
Yours Faithfully,
For, Macfos Limited
SAGAR
SUBHASH
GULHANE
PLEASE REMIT TO: Macfos Limited
P.O. Box 20000, 121 GURAN
VAT B1
Name: SAGAR GULHANE
Company Secretary & Compliance Officer
ACS:- 67610
Encl: Revised Audited Consolidated Financial Results.
CA INDIA
KISHOR GUJAR & ASSOCIATES CHARTERED ACCOUNTANTS
OFF. NO. 1A, 2, 3, 3A 1st FLOOR, MAHALAXMI HEIGHTS, NEAR BANK OF MAHARASHTRA (PIMPRI BRANCH), MUMBAI-PUNE ROAD, PIMPRI, PUNE - 411 018. GSTIN: 27AAFFK2703H1ZL
E-mail: [email protected]
www.kishorgujarandassociates.in
Tel.: 020-27478224, 27472930 Mob.: 7447448424
INDEPENDENT AUDITOR'S REPORT ON THE STANDALONE FINANCIAL RESULTS
FOR THE QUARTER, HALF YEAR & YEAR ENDED 31ST MARCH 2026
To the Board of Directors of Macfos Limited
OPINION
We have audited the accompanying standalone financial results of Macfos Limited (hereinafter referred to as “the Company”) for the quarter, half year ended and year ended 31st March 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") applicable to SME Listed entities.
In our opinion and to the best of our information and according to the explanations given to us, these financial results:
a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standard (AS) 25 - Interim Financial Reporting, prescribed under section 133 of the companies act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India, of the net profit and other financial information for the quarter, half year ended and year ended 31 March 2026.
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 (“the Act”). Our responsibilities under those SAs 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 standalone financial statements for the quarter, half year and year ended 31st March 2026 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 ICAI’s Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
MANAGEMENT’S AND BOARD OF DIRECTOR’S RESPONSIBILITIES FOR THE STANDALONE FINANCIAL RESULTS
The statement which includes Standalone Financial Results is the responsibility of the Company’s Board of Directors and has been approved by them for the issuance.
The Company’s Management and the Board of Directors are responsible for the preparation and presentation of these standalone financial results that give a true and fair view of the net profit/loss and
other financial information in accordance with the recognition and measurement principles laid down in Accounting Standards (AS) 25 - Interim Financial Reporting, 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 Board of Directors are responsible for maintenance of the 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 with reference to financial statements, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, used in the preparation of the Standalone Financial Results by the Directors of the Company, as aforesaid.
In preparing the standalone financial results, the Management and 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 is responsible for overseeing the Company's financial reporting process.
AUDITOR'S RESPONSIBILITY FOR THE AUDIT OF THE STANDALONE FINANCIAL RESULTS
Our objectives are to obtain reasonable assurance about whether the standalone 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 standalone 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 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 Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements 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 in the financial results made by the Management and Board of Directors.
-
Conclude on the appropriateness of the Management and 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 appropriateness of this
assumption. 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.
-
Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the Financials Results of the Company to express an opinion on the Financial Results. We are responsible for the directions, supervision and performance of the audit of financial information of which we are the independent auditors.
Materiality is the magnitude of misstatements in the Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Financial Results 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 Standalone Financial Results.
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.
For KISHOR GUJAR & ASSOCIATES,
CHARTERED ACCOUNTANTS
Firm's Registration No. - 116747W
Peer Review No. - 014220
CA Laxmi U Rawat (Partner)
Membership no.: - 134752
Place: -Pune.
Date: -28th April, 2026
UDIN - 26134752AHMB025432
Macfos Limited
CIN: L29309PN2017PLC172718
Address: 5 No 78/1, Dighi, Bhosari Alandi Road, Pune, Maharashtra 411015
Statement of Standalone Audited Assets and Liabilities as at March 31st, 2026
(All amounts are in INR Rs. Lacs unless stated otherwise)
| Particulars | 31-03-2026 | 31-03-2025 |
|---|---|---|
| Audited | Audited | |
| I. EQUITY AND LIABILITIES | ||
| (1) Shareholders’ Funds | ||
| (a) Share Capital | 1,035.85 | 941.68 |
| (b) Reserves and Surplus | 8,560.80 | 6,090.08 |
| (c) Money Received against Share Warrants | - | - |
| Total | 9,596.65 | 7,031.77 |
| (2) Share application money pending allotment | ||
| (3) Non-current liabilities | ||
| (a) Long-term Borrowings | 59.01 | 137.21 |
| (b) Deferred Tax Liabilities (Net) | - | - |
| (c) Other Long term Liabilities | - | - |
| (d) Long-term Provisions | 87.29 | 49.45 |
| Total | 146.30 | 186.66 |
| (4) Current liabilities | ||
| (a) Short-term Borrowings | 3,538.38 | 1,859.32 |
| (b) Trade Payables | - | - |
| - Due to Micro and Small Enterprises | 209.55 | 60.70 |
| - Due to Others | 1,450.02 | 959.68 |
| (c) Other Current Liabilities | 111.63 | 41.94 |
| (d) Short-term Provisions | 968.97 | 652.46 |
| Total | 6,278.55 | 3,574.11 |
| Total Equity and Liabilities | 16,021.50 | 10,792.54 |
| II. ASSETS | ||
| (1) Non-current assets | ||
| (a) Property, Plant and Equipment and Intangible Assets | ||
| (i) Property, Plant and Equipment | 1,112.04 | 991.01 |
| (ii) Intangible Assets | 37.11 | 39.30 |
| (iii) Capital Work-in-progress | 8.78 | 13.19 |
| (iv) Intangible Assets under Development | - | - |
| (b) Non-current Investments | 3.25 | 3.25 |
| (c) Deferred Tax Assets (net) | 60.72 | 28.77 |
| (d) Long-term Loans and Advances | - | - |
| (e) Other Non-current Assets | 1,458.81 | 1,317.10 |
| Total | 2,680.72 | 2,392.61 |
| (2) Current assets | ||
| (a) Current investments | - | - |
| (b) Inventories | 7,957.15 | 5,559.77 |
| (c) Trade Receivables | 1,325.12 | 571.86 |
| (d) Cash and Cash Equivalents | 182.27 | 50.15 |
| (e) Short-term Loans and Advances | 3,811.20 | 2,141.77 |
| (f) Other Current Assets | 65.05 | 76.38 |
| Total | 13,340.78 | 8,399.93 |
| Total Assets | 16,021.50 | 10,792.54 |
For and on behalf of the Board of Directors of Macfos Limited
Mr. Binod Prasad
Whole Time Director & CFO
DIN: 07938828
Macfos Limited
CIN: L29309PN2017PLC172718
Address: - 5 No 78/1, Dighi, Bhosari Alandi Road, Pune, Maharashtra · 411015
Statement of Standalone Audited Financial Results for the Quarter and Half year & Year ended March 31st, 2026
(All amounts are in INR Rs. Lacs unless stated otherwise)
| Particulars | Quarter Ended | Half Year Ended | Year ended | |||||
|---|---|---|---|---|---|---|---|---|
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Audited | Reviewed | Reviewed | Audited | Reviewed | Reviewed | Audited | Audited | |
| Revenue from Operations | 10,211.12 | 7,888.85 | 6,249.26 | 18,099.97 | 12,774.87 | 10,829.61 | 30,874.84 | 25,498.68 |
| Other Income | 78.00 | 84.94 | 89.34 | 162.94 | 136.65 | 176.39 | 299.60 | 269.66 |
| Total Income | 10,289.12 | 7,973.79 | 6,338.60 | 18,262.91 | 12,911.53 | 11,006.00 | 31,174.44 | 25,768.34 |
| Expenses | ||||||||
| Cost of Material Consumed | 30.10 | 20.47 | 4.82 | 50.57 | 24.65 | 31.04 | 75.21 | 46.79 |
| Purchases of Stock in Trade | 7,785.62 | 6,907.23 | 5,299.30 | 14,692.85 | 11,339.22 | 10,495.96 | 26,032.07 | 23,812.00 |
| Change in Inventories of work in progress and finished goods | (67.77) | (755.39) | (421.53) | (823.16) | (1,574.22) | (2,023.01) | (2,397.38) | (3,120.45) |
| Employee Benefit Expenses | 390.07 | 316.68 | 248.92 | 706.75 | 562.11 | 480.74 | 1,268.86 | 897.50 |
| Finance Costs | 103.68 | 91.81 | 53.72 | 195.49 | 117.97 | 120.91 | 313.47 | 223.76 |
| Depreciation and Amortization Expenses | 45.75 | 41.54 | 29.73 | 87.29 | 75.13 | 52.76 | 162.42 | 86.81 |
| Other Expenses | 683.36 | 595.02 | 469.89 | 1,278.38 | 1,004.15 | 823.07 | 2,282.52 | 1,417.48 |
| Total expenses | 8,970.82 | 7,217.35 | 5,684.85 | 16,188.17 | 11,549.00 | 9,981.47 | 27,737.17 | 23,363.89 |
| Profit/(Loss) before Exceptional and Extraordinary Item and Tax | 1,318.30 | 756.44 | 653.75 | 2,074.74 | 1,362.53 | 1,024.53 | 3,437.27 | 2,404.45 |
| Exceptional Item | - | - | - | - | - | - | - | - |
| Profit/(Loss) before Extraordinary Item and Tax | 1,318.30 | 756.44 | 653.75 | 2,074.74 | 1,362.53 | 1,024.53 | 3,437.27 | 2,404.45 |
| Prior Period Item | - | - | - | - | - | - | - | - |
| Extraordinary Item | - | - | - | - | - | - | - | - |
| Profit/(Loss) before Tax | 1,318.30 | 756.44 | 653.75 | 2,074.74 | 1,362.53 | 1,024.53 | 3,437.27 | 2,404.45 |
| Tax Expenses | ||||||||
| - Current Tax | 354.49 | 197.67 | 166.61 | 552.15 | 354.83 | 262.98 | 906.99 | 617.23 |
| - Deferred Tax | (21.60) | (4.43) | (1.96) | (26.03) | (5.93) | (3.36) | (31.95) | (8.80) |
| - Excess/Short Provision Written back/off | 0.00 | - | - | 0.00 | (2.65) | 0.00 | (2.65) | 1.80 |
| Profit/(Loss) for the Period from Continuing Operations | 985.40 | 563.21 | 489.09 | 1,548.61 | 1,016.27 | 764.91 | 2,564.88 | 1,794.22 |
| Profit/(Loss) from Discontinuing Operation (before tax) | - | - | - | - | - | - | - | - |
| Tax Expenses of Discounting Operation | - | - | - | - | - | - | - | - |
| Profit/(Loss) from Discontinuing Operation (after tax) | - | - | - | - | - | - | - | - |
| Profit/(Loss) for the period | 985.40 | 563.21 | 489.09 | 1,548.61 | 1,016.27 | 764.91 | 2,564.88 | 1,794.22 |
| Earnings Per Share (Face Value per Share Rs.10 each) (Refer Note 8) | ||||||||
| -Basic (not annualised) | 9.51 | 5.44 | 4.72 | 14.95 | 9.81 | 7.38 | 24.76 | 17.32 |
| -Diluted (not annualised) | 9.51 | 5.44 | 4.72 | 14.95 | 9.81 | 7.38 | 24.76 | 17.32 |
For and on behalf of the Board of Directors of Macfos Limited
Mr. Binod Prasad
Whole Time Director & CFO
DIN: 07938828
M
Macfos Limited
CIN: L29309PN2017PLC172718
Address: 5 No 78/1, Dighi, Bhosari Alandi Road, Pune, Maharashtra 411015
Standalone Audited Statement of Cashflow for the Year ended on March 31st, 2026
(All amounts are in INR Rs. Lacs unless stated otherwise)
| PARTICULARS | For the year ended on | |
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| A) Cash Flow From Operating Activities : | ||
| Net Profit before tax as per Statement of Profit & Loss | 3,437.27 | 2,404.45 |
| Adjustment for : | ||
| Depreciation and amortization Expenses | 162.42 | 86.81 |
| Finance Cost | 313.47 | 223.76 |
| Interest Income | (84.82) | (71.41) |
| Exchange Diff of Foreign Currency | 22.13 | (6.14) |
| Gratuity | 39.16 | 5.56 |
| Compensated Absences | 16.31 | 6.66 |
| Profit on sale of asset | (0.37) | - |
| Operating profit before working capital changes | 3,905.56 | 2,649.69 |
| Changes in Working Capital | ||
| (Increase)/Decrease in Trade Receivables | (753.26) | (223.65) |
| (Increase)/Decrease in Inventory | (2,397.38) | (3,120.45) |
| (Increase)/Decrease in Short Term Loans & Advances & Other current assets | (1,501.75) | (920.72) |
| Increase/(Decrease) in Trade Payables | 639.18 | 245.21 |
| Increase/(Decrease) in Other Current Liabilities | 69.69 | (186.85) |
| Increase/(Decrease) in Long Term/Short Term Provisions | 6.49 | 5.34 |
| Increase/(Decrease) in Other Current Assets | 11.33 | (16.00) |
| Cash generated from operations | (20.14) | (1,567.43) |
| Less:- Income Taxes paid | 779.61 | 708.05 |
| Net cash flow from operating activities (A) | (799.75) | (2,275.49) |
| B) Cash Flow From Investing Activities : | ||
| Purchase of Fixed Assets including of CWIP | (251.49) | (460.40) |
| Sale of Fixed Assets | 0.50 | - |
| Advance for Non Current Assets | - | (25.50) |
| (Increase)/ decrease in other non-current assets | (167.21) | (790.27) |
| Interest Income | 84.82 | 71.41 |
| Net cash flow from investing activities (B) | (333.39) | (1,204.76) |
| C) Cash Flow From Financing Activities : | ||
| Proceeds from Issue of Share Capital | - | 2,500.01 |
| Increase/(Decrease) in Short Term Borrowings | 1,679.06 | 1,265.62 |
| Increase/(Decrease) in Long Term Borrowings | (78.20) | (83.17) |
| Finance Cost | (313.47) | (223.76) |
| Net cash flow from financing activities (C) | 1,287.39 | 3,458.69 |
| Net Increase/(Decrease) In Cash & Cash Equivalents (A+B+C) | 154.25 | (21.56) |
| Cash equivalents at the beginning of the year | 50.15 | 65.57 |
| Exchange difference of Foreign Currency Cash and Cash equivalents | (22.13) | 6.14 |
| Cash equivalents at the end of the year | 182.27 | 50.15 |
| PARTICULARS | 31-03-2026 | 31-03-2025 |
| --- | --- | --- |
| Component of Cash and Cash equivalents | ||
| Cash on hand | 0.06 | 0.02 |
| Balance With banks | 182.21 | 50.13 |
| Cash equivalents at the end of the year | 182.27 | 50.15 |
For and Behalf of the Board of Directors of Macfos Limited
Mr. Binod Prasad
Whole Time Director & CFO
DIN: 07938828
CA INDIA
KISHOR GUJAR & ASSOCIATES CHARTERED ACCOUNTANTS
OFF. NO. 1A, 2, 3, 3A 1st FLOOR, MAHALAXMI HEIGHTS, NEAR BANK OF MAHARASHTRA (PIMPRI BRANCH), MUMBAI-PUNE ROAD, PIMPRI, PUNE - 411 018. GSTIN: 27AAFFK2703H1ZL
E-mail: [email protected]
www.kishorgujarandassociates.in
Tel.: 020-27478224, 27472930 Mob.: 7447448424
INDEPENDENT AUDITOR'S REPORT ON THE CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER, HALF YEAR ENDED & YEAR ENDED 31ST MARCH 2026
To the Board of Directors of Macfos Limited
OPINION
We have audited the accompanying consolidated financial results of Macfos Limited (“Parent Company”) and its subsidiaries (the Parent Company and its subsidiaries together referred to as "the Group") for the quarter, half year ended and year ended 31 March 2026, attached herewith, being submitted by the Parent Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (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, these consolidated financial results:
a. Includes the results of following entities;
- Macfos Limited (Holding/Parent Company)
- Nuo Zhan Technologies Limited (Wholly Owned Subsidiary)
- Macfos Electronics Private Limited (99.99% subsidiary of Macfos Limited)
b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and
c. 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 financial information for the quarter, half year ended and year ended 31 March 2026.
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 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, 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 other ethical responsibilities in accordance with these
C
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 opinion.
MANAGEMENT'S AND BOARD OF DIRECTOR'S RESPONSIBILITIES FOR THE CONSOLIDATED FINANCIAL RESULTS
The statement, which includes Consolidated Financial Results, is the responsibility of the Parent Company's Board of Directors and has been approved by it for the issuance.
The Parent Company's Management and the Board of Directors are responsible for the preparation and presentation of these financial results that give a true and fair view of the net profit/loss and other financial information in accordance with the recognition and measurement principles laid down in Accounting Standards prescribed under Section 133 of the Act 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 are responsible for maintenance of the 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 the Consolidated Financial Results by the Directors of the Parent Company, as aforesaid.
In preparing the consolidated financial results, the respective Management and the Board of Directors of the companies included in the group are responsible for assessing the ability of the respective entities 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 their respective entities 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 Company's financial reporting process of the Group.
AUDITOR'S RESPONSIBILITY 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 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:
SAN DIEGO, CALIFORNIA
CHARTERED ACCOUNTS
FRN 500
JUNE 18
-
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 Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the group 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 in the financial results made by the Management and Board of Directors.
-
Conclude on the appropriateness of the Management and 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 appropriateness of this assumption. 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 Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Perform procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations to the extent applicable.
-
Obtain sufficient appropriate audit evidence regarding the Financial Results of the Group to express an opinion on the Financial Results. We are responsible for the directions, supervision and performance of the audit of financial information of which we are the independent auditors.
Materiality is the magnitude of misstatements in the Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Consolidated Financial Results 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 Financial Results.
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.
HARRISBURG PA 173
OTHER MATTERS
We did not audit the standalone financial statements of subsidiary namely Nuo Zhans Technologies Limited, whose financial statements reflect total assets of Rs. 0.98 lacs and total revenue of Rs 24.94 lacs, net loss of Rs. 0.79 lacs for the year ended on that date, as considered in the consolidated financial statements.
The financial information of this subsidiary has been audited by another auditor for the period ended December 31, 2025; however, the signed audit report has not been made available to us as at the date of this report. For the period from January 1, 2026 to March 31, 2026, the financial information has been provided by the management and has not been audited. We have been provided with draft audited financial statements and a draft audit report for the period ended December 31, 2025, along with management-certified financial information for the subsequent period. Our opinion on the consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of this subsidiary and our report in terms of sub-sections (3) and (11) of Section 143 of the Act in so far as it relates to the aforesaid subsidiary, is based on such financial information furnished to us.
Our opinion is not modified in respect of this matter.
For KISHOR GUJAR & ASSOCIATES,
CHARTERED ACCOUNTANTS
Firm's Registration No. - 116747W
Peer Review No. - 014220
CA Laxmi U Rawat (Partner)
Membership no.: - 134752
Place: -Pune.
Date: -28th April, 2026.
UDIN - 26134752HWMDCZ6901
KISHOR GUJAR & ASSOCIATES
CHARTERED ACCOUNTANTS
FIRN 116747W
PUNE 10
Macfos Limited
CIN: L29309PN2017PLC172718
Address: 5 No 78/1, Dighi, Bhosari Alandi Road, Pune,
Statement of Consolidated Audited Assets and Liabilities as at March 31st, 2026
(All amounts are in INR Rs Lacs. unless stated otherwise)
| Particulars | 31-03-2026
Audited | 31-03-2025
Audited |
| --- | --- | --- |
| I. EQUITY AND LIABILITIES | | |
| (1) Shareholders’ Funds | | |
| (a) Share Capital | 1,035.85 | 941.68 |
| (b) Reserves and Surplus | 8,550.89 | 6,081.52 |
| (c) Money Received against Share Warrants | - | - |
| Total | 9,586.74 | 7,023.20 |
| (2) Share application money pending allotment | | |
| (3) Minority Interest | - | - |
| (4) Non-current liabilities | - | - |
| (a) Long-term Borrowings | 59.01 | 137.21 |
| (b) Deferred Tax Liabilities (Net) | 0.21 | - |
| (c) Other Long term Liabilities | - | - |
| (d) Long-term Provisions | 87.29 | 49.45 |
| Total | 146.51 | 186.66 |
| (4) Current liabilities | | |
| (a) Short-term Borrowings | 3,542.92 | 1,863.48 |
| (b) Trade Payables | - | - |
| - Due to Micro and Small Enterprises | 209.55 | 60.70 |
| - Due to Others | 1,450.02 | 959.68 |
| (c) Other Current Liabilities | 111.63 | 41.94 |
| (d) Short-term Provisions | 971.66 | 654.55 |
| Total | 6,285.78 | 3,580.36 |
| Total Equity and Liabilities | 16,019.03 | 10,790.23 |
| II. ASSETS | | |
| (1) Non-current assets | | |
| (a) Property, Plant and Equipment and Intangible Assets | | |
| (i) Property, Plant and Equipment | 1,120.49 | 1,000.08 |
| (ii) Intangible Assets | 37.11 | 39.30 |
| (iii) Capital Work-in-progress | 8.78 | 13.19 |
| (iv) Intangible Assets under Development | - | - |
| (b) Non-current Investments | - | - |
| (c) Deferred Tax Assets (net) | 60.72 | 28.87 |
| (d) Long-term Loans and Advances | - | - |
| (e) Other Non-current Assets | 1,458.81 | 1,317.10 |
| Total | 2,685.91 | 2,398.53 |
| Minority Interest | | |
| (2) Current assets | | |
| (a) Current investments | - | - |
| (b) Inventories | 7,957.15 | 5,559.86 |
| (c) Trade Receivables | 1,327.83 | 571.86 |
| (d) Cash and Cash Equivalents | 183.25 | 51.28 |
| (e) Short-term Loans and Advances | 3,799.83 | 2,128.77 |
| (f) Other Current Assets | 65.05 | 79.93 |
| Total | 13,333.12 | 8,391.70 |
| Total Assets | 16,019.03 | 10,790.23 |
For and on behalf of the Board of Directors of Macfos Limited
Mr. Bihati Prasad
Whole Time Director & CFO
DIN: 07938828
Macfos Limited
CIN: L29309PN2017PLC172718
Address: 5 No 78/1, Dighi, Bhosari Alandi Road, Pune, Maharashtra 411015
Statement of Consolidated Audited Financial Results for the Quarter, Half year & year ended on March 31st, 2026.
(All amounts are in INR Rs. Lacs unless stated otherwise)
| Particulars | Quarter Ended | Half Year Ended | Year end | |||||
|---|---|---|---|---|---|---|---|---|
| 31-03-2026 | 31-12-2025 | 31-03-2025 | 31-03-2026 | 30-09-2025 | 31-03-2025 | 31-03-2026 | 31-03-2025 | |
| Audited | Reviewed | Reviewed | Audited | Reviewed | Reviewed | Audited | Audited | |
| Revenue from Operations | 10,213.64 | 7,888.85 | 6,256.56 | 18,102.45 | 12,774.87 | 10,836.90 | 30,877.33 | 25,506.14 |
| Other Income | 77.88 | 84.89 | 89.52 | 162.93 | 136.50 | 176.63 | 299.43 | 269.90 |
| Total Income | 10,291.52 | 7,973.74 | 6,346.08 | 18,265.39 | 12,911.37 | 11,013.53 | 31,176.76 | 25,776.04 |
| Expenses | ||||||||
| Cost of Material Consumed | 5.08 | 24.31 | 12.16 | 29.39 | 45.47 | 38.37 | 74.86 | 54.27 |
| Purchases of Stock in Trade | 7,808.04 | 6,903.29 | 5,299.30 | 14,711.46 | 11,320.61 | 10,495.96 | 26,032.07 | 23,812.00 |
| Change in Inventories of work in progress and finished goods | (65.11) | (755.39) | (421.53) | (820.50) | (1,576.80) | (2,023.01) | (2,397.30) | (3,120.45) |
| Employee Benefit Expenses | 390.07 | 316.68 | 248.92 | 706.75 | 562.11 | 480.74 | 1,268.86 | 897.50 |
| Finance Costs | 103.68 | 91.81 | 53.73 | 195.49 | 117.97 | 120.91 | 313.47 | 223.76 |
| Depreciation and Amortization Expenses | 45.91 | 41.69 | 29.89 | 87.60 | 75.44 | 53.08 | 163.04 | 87.43 |
| Other Expenses | 683.81 | 595.61 | 471.15 | 1,279.42 | 1,005.68 | 824.40 | 2,285.10 | 1,419.35 |
| Total expenses | 8,971.48 | 7,217.99 | 5,693.61 | 16,189.61 | 11,550.49 | 9,990.44 | 27,740.10 | 23,373.87 |
| Profit/(Loss) before Exceptional and Extraordinary Item and Tax | 1,320.03 | 755.74 | 652.48 | 2,075.78 | 1,360.88 | 1,023.09 | 3,436.66 | 2,402.17 |
| Exceptional Item | - | - | - | - | - | - | - | - |
| Profit/(Loss) before Extraordinary Item and Tax | 1,320.03 | 755.74 | 652.48 | 2,075.78 | 1,360.88 | 1,023.09 | 3,436.66 | 2,402.17 |
| Prior Period Item | - | - | - | - | - | - | - | - |
| Extraordinary Item | - | - | - | - | - | - | - | - |
| Profit/(Loss) before Tax | 1,320.03 | 755.74 | 652.48 | 2,075.78 | 1,360.88 | 1,023.09 | 3,436.66 | 2,402.17 |
| Tax Expenses | ||||||||
| - Current Tax | 354.49 | 197.67 | 166.77 | 552.15 | 354.83 | 263.14 | 906.99 | 617.23 |
| - Deferred Tax | (21.35) | (4.40) | (1.79) | (25.75) | (5.89) | (3.48) | (31.64) | (8.80) |
| - Excess/Short Provision Written back/off | - | - | - | - | (2.65) | 0.00 | (2.65) | 1.80 |
| Profit/(Loss) for the Period from Continuing Operations | 986.89 | 562.48 | 487.49 | 1,549.37 | 1,014.58 | 763.43 | 2,563.96 | 1,791.94 |
| Profit/(loss) from Discontinuing Operation (before tax) | - | - | - | - | - | - | - | - |
| Tax Expenses of Discounting Operation | - | - | - | - | - | - | - | - |
| Profit/(loss) from Discontinuing Operation (after tax) | - | - | - | - | - | - | - | - |
| Profit/(Loss) for the period | 986.89 | 562.48 | 487.49 | 1,549.37 | 1,014.58 | 763.43 | 2,563.96 | 1,791.94 |
| share of profit/(loss) to minority shareholders | - | (0.00) | (0.00) | (0.00) | - | (0.00) | (0.00) | (0.00) |
| Profit/(Loss) for the period after minority share | 986.89 | 562.48 | 487.49 | 1,549.37 | 1,014.58 | 763.43 | 2,563.96 | 1,791.94 |
| Earnings Per Share (Face Value per Share Rs.10 each) (Refer Note 8) | ||||||||
| -Basic (Not annualised) | 9.53 | 5.43 | 4.71 | 14.96 | 9.79 | 7.37 | 24.75 | 17.30 |
| -Diluted (Not annualised) | 9.53 | 5.43 | 4.71 | 14.96 | 9.79 | 7.37 | 24.75 | 17.30 |
For and on behalf of the Board of Directors of Macfos Limited
Mr. Bihod Prasad
Whole Time Director & CFO
DIN: 07938828
MACFOS LIMITED
Macfos Limited
CIN: L29309PN2017PLC172718
Address: 5 No 78/1, Dighi, Bhosari Alandi Road, Pune, Maharashtra 411015
Consolidated Audited Statement of Cashflow for the Year ended on March 31st, 2026
(All amounts are in INR Rs. Lacs unless stated otherwise)
| PARTICULARS | For the year ended on | For the year ended on |
|---|---|---|
| 31-03-2026 | 31-03-2025 | |
| A) Cash Flow From Operating Activities : | ||
| Net Profit before tax as per Statement of Profit & Loss | 3,436.66 | 2,402.17 |
| Adjustment for : | ||
| Depreciation and amortization Expenses | 163.04 | 87.43 |
| Finance Cost | 313.47 | 223.76 |
| Interest Income | (84.82) | (71.41) |
| Exchange Diff of Foreign Currency | 22.13 | (6.14) |
| Gratuity | 39.16 | 5.56 |
| Compensated Absences | 16.31 | 6.66 |
| Profit on sale of asset | (0.37) | - |
| Operating profit before working capital changes | 3,905.58 | 2,648.04 |
| Changes in Working Capital | ||
| (Increase)/Decrease in Trade Receivables | (755.97) | (224.25) |
| (Increase)/Decrease in Inventory | (2,397.30) | (3,120.45) |
| (Increase)/Decrease in Short Term Loans & Advances & Other | (1,488.50) | (936.22) |
| Increase/(Decrease) in long-term provisions | - | - |
| Increase/(Decrease) in Trade Payables | 639.18 | 245.21 |
| Increase/(Decrease) in Other Current Liabilities | 69.69 | (187.04) |
| Increase/(Decrease) in Long /Short Term Provisions, etc | 7.09 | 6.48 |
| Cash generated from operations | (20.24) | (1,568.23) |
| Less:- Income Taxes paid | 779.61 | 708.05 |
| Net cash flow from operating activities A | (799.85) | (2,276.28) |
| B) Cash Flow From Investing Activities : | ||
| Purchase of Fixed Assets including of CWIP | (251.49) | (460.40) |
| Sale of Fixed Assets | 0.50 | - |
| Advance for the Land & other Capital Asset | - | (25.50) |
| (Increase)/ decrease in other non-current assets | (167.21) | (790.27) |
| Interest Income | 84.82 | 71.41 |
| Net cash flow from investing activities B | (333.39) | (1,204.76) |
| C) Cash Flow From Financing Activities : | ||
| Proceeds from Issue of Share Capital | - | 2,500.01 |
| Increase/(Decrease) in Short Term Borrowings | 1,679.44 | 1,265.74 |
| Increase/(Decrease) in Long Term Borrowings | (78.20) | (83.17) |
| Finance Cost | (313.47) | (223.76) |
| Net cash flow from financing activities C | 1,287.77 | 3,458.82 |
| Foreign Currency Translation Reserve on Consolidation | (0.43) | (0.80) |
| Net Increase/(Decrease) In Cash & Cash Equivalents (A+B+C) | 154.10 | (23.03) |
| Cash equivalents at the beginning of the year | 51.28 | 68.16 |
| Exchange difference of Foreign Currency Cash and Cash equivalent | (22.13) | 6.14 |
| Cash equivalents at the end of the year | 183.25 | 51.28 |
Notes :-
1.
| 31-03-2026 | 31-03-2025 | |
|---|---|---|
| Component of Cash and Cash equivalents | ||
| Cash on hand | 0.06 | 0.02 |
| Balance With banks | 183.20 | 51.26 |
| Total | 183.25 | 51.28 |
For and on behalf of the Board of Directors of Macfos Limited
Mr. Binod Prasad
Whole Time Director & CFO
DIN: 07938828
MACFOS LIMITED
| Notes: - | |
|---|---|
| Notes to Standalone and consolidated Audited financial results for the Quarter/Half year and year ended on 31^{st} March, 2026: | |
| 1 | The above financial results are as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and have been reviewed by the Audit Committee and have been approved by the Board of Directors of the Company at their respective meeting held on April 28, 2026. |
| 2 | The Financial Statements have been prepared in accordance with the requirement of Accounting Standards (AS) specified under section 133 of the Companies Act, 2013 read with rule 7 of the Companies (Accounts) Rules, 2014. |
| 3 | The Company operates in a single business segment. Accordingly, no segment reporting disclosure is required as per AS 17 “Segment Reporting” issued by the Institute of Chartered Accountants of India. |
| 4 | The statement includes the results for the quarter and half year & Year ended 31^{st} March, 2026 being the balancing figure between audited figure in respect of the full financial year and the published year to date figure up to : |
| --9 months ended 31^{st} December, 2025 and | |
| --6 months ended 30^{th} September, 2025 of the current financial year which were subject to limited review by the Statutory Auditor. | |
| 5 | The figures for the corresponding previous period have been regrouped/ reclassified wherever necessary, to make them comparable. |
| 6 | The Holding Company follows the Written Down Value (WDV) method for depreciation, whereas one of its Subsidiary Companies follows the Straight Line Method (SLM). For the purpose of consolidation, no adjustments have been made to harmonize the depreciation methods, as the management considers both methods to be appropriate and in compliance with the applicable financial reporting framework. |
| 7 | As per MCA Notification dated 16.02.2015, companies whose shares are listed on SME Stock exchange as referred to Chapter XB of SEBI (Issue of Capital disclosure Requirements) regulation, 2009 are Exempt from the compulsory requirement of Adoption of IND-AS. Hence company has prepared its financials as per Accounting Standards. |
| 8 | During the financial year 2025–26, on 11^{th} March 2026, the Company issued 941,682 bonus equity shares of ₹10 each, in the ratio of 1 (one) equity share for every 10 (ten) existing equity shares held by the shareholders. The said bonus shares were issued by capitalizing the Securities Premium Account of the Company. |
In accordance with Accounting Standard 20 Earning Per Share, the basic and diluted earnings per share (EPS) for all periods presented have been adjusted retrospectively for the change in the number of equity shares. |
| 9 | The Status of Investors Complaints during the quarter/half year ended and year ended on 31^{st} March 2026 is as under:
Pending at the beginning of the above period: - Nil
Received during the above period: - Nil
Disposed the above period: - Nil
Remaining Unresolved at the end of the Above Period:-Nil |
| 10 | These results have been reviewed and recommended for adoption by the Audit Committee in its meeting held on April 28, 2026 and approved by Board of Directors in its meeting held on April 28,2026. The statutory Auditors have expressed and unmodified audit opinion. |
For and on behalf of the board
Macfos Limited
Binod Prasad
Whole Time Director & CFO
DIN:- 07938828
Date: 28/04/2026
Place: Pune
| Details of Impact of Audit Qualification | ||
|---|---|---|
| Whether results are audited or unaudited | Audited | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion | |
| Auditor’s opinion | ||
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes | |
| Audit firm’s name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto |
| KISHOR GUJAR & ASSOCIATES | Yes | 30-06-2028 |
MACFOS LIMITED
Reg. office Add: S. NO. 78/1, Dynamic Logistics Trade Park, Sumant Building, Bhosari Alandi Rd, Dighi, Pune, Maharashtra 411015 CIN-L29309PN2017PLC172718 | GST- 27AALCM3536H1ZA
☎: www.robu.in 📞: [email protected]
📞: 1800 266 6123 / +91 20 68197600
CFO Certificate under Regulation 33(2)(a) of SEBI (LODR) Regulation, 2015
To,
The Board of Directors
Macfos Limited
A. I have reviewed the financial statement and cash flow statement of Macfos Limited for the Year ended on 31st March 2026, and to the best of our knowledge and belief:
- These statements do not contain any materially untrue statements or omit any material facts or contain statements that might be misleading;
- These statements together present a true and fair view of the listed entity’s affairs are in compliance with existing accounting standards, applicable laws, and regulations.
B. There are to the best of our knowledge and belief no transactions entered into by the listed entity. During the year ended 31.03.2026, which is fraudulent, illegal, or violates of Company’s code of conduct.
C. We accept responsibility for establishing and maintaining internal controls for financial reporting and we have evaluated the effectiveness of internal control systems of the Company pertaining to Financial Reporting and they have disclosed to the Auditor and the Audit Committee, deficiencies in the design or operation of internal controls if any, of which we are aware and the steps we have taken or proposes to take to rectify these deficiencies.
D. We have indicated to the Auditor and the Audit Committee:
I. That there are no significant changes in internal control over financial reporting during the year;
II. That there are no significant changes in accounting policies during the year, subject to changes in the same, and that the same have been disclosed in the Notes to the Financial Statement and
III. That there are no instances of significant fraud of which we become aware, and the involvement therein, if any, of the Management or an employee has a significant role in the company’s internal control system over Financial Reporting
BINOD PRASAD
Whole Time Director & CFO
DIN: - 07938828
Date:- 28-04-2026
Place:- Pune
