AI assistant
Ramgopal Polytex Ltd Interim / Quarterly Report 2026
61258_rns_2026-05-20_a775f6c4-f273-4450-8724-dc1b26ac8833.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
RAMGOPAL POLYTEX LIMITED
Corporate Office : 701, Tulsiani Chambers, Free Press Journal Marg,
Nariman Point, Mumbai - 400 021.
Tel: +91-22-61396800, +91-22-22830546
Website: www.ramgopalpolytex.com / E-mail: [email protected]
CIN: L17110MH1981PLC024145
RG
Date: May 20, 2026
To,
| BSE Limited.
P. J. Tower, Dalal Street,
Mumbai - 400001
SCRIP CODE: 514223 | The Calcutta Stock Exchange Association Ltd.
7, Lyons Range, Murgighata, Dalhousie,
Calcutta – 700 001
SCRIP CODE: 10028131 |
| --- | --- |
Dear Sir/Madam,
Sub: Outcome of Board Meeting held on May 20, 2026
Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we like to inform you that the Board of Directors at its meeting held today i.e. May 20, 2026, inter-alia, transacted the following items of business:
-
Considered and approved the Audited Financial Results of the Company for the Quarter and Year Ended March 31, 2026 duly reviewed by the Audit Committee. Attached herewith are copies of the approved Financial Results of the Company.
-
Auditors’ Report on the Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2026 issued by the Statutory Auditors, M/s. Rungta Agarwal and Associates (Formerly known as Shanker and Kapani), Chartered Accountants (ICAI Firm Registration No.117761W) along with an unmodified opinion on the above-mentioned Financial Results.
As per Regulation 33(3)(d) of the Listing Regulations, the Statutory Auditors have given Unmodified Opinion on the Annual Audited Standalone Financial Results of the Company for the year ended March 31, 2026 and the declaration to that effect is enclosed as ANNEXURE-A.
- The Board has decided to sale its investment i.e. 1,90,000 equity shares having face value of Rs.10/- (Rupees Ten) each held in M/s. Ramgopal Synthetics Limited (an enterprises where significant influence is exercised by the promoter group) to Mrs. Minal Nipoon Agarwal jointly Mr. Nipoon G. Agarwal at a lump sum consideration of Rs.1,34,90,000/- (Rupees One Crore Thirty Four Lakhs Ninety Thousand Only).
The disclosures on Point 3 pursuant to the SEBI Listing Regulations and the SEBI circular bearing reference number SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith as ANNEXURE-B.
- The Board has, based on the recommendations of the Audit Committee, approved the appointment of Mr. Ravi Seth proprietor of M/s. Ravi Seth & Co., Chartered Accountants, Mumbai (ICAI Firm Registration No. 108757W) as an Internal Auditor of the Company for the Financial Year 2026-27.
Registered Office : Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane - 421 302.
RAMGOPAL POLYTEX LIMITED
R
Corporate Office : 701, Tulsiani Chambers, Free Press Journal Marg,
Nariman Point, Mumbai - 400 021.
Tel: +91-22-61396800, +91-22-22830546
Website: www.ramgopalpolytex.com / E-mail: [email protected]
CIN: L17110MH1981PLC024145
The disclosures on Point 4 pursuant to the SEBI Listing Regulations and the SEBI circular bearing reference number SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed herewith as ANNEXURE-C for the appointment of Internal Auditor of the Company.
The above information will also be made available on the Company's website, www.ramgopalpolytex.com
The results will be published in the newspapers in terms of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The Meeting commenced at 01:00 P.M. and was concluded by 2:15 P.M. on the same day.
You are requested to take the aforementioned information on your record.
Thanking you
Yours faithfully,
For Ramgopal Polytex Limited
MANORAMA
ASHOK YADAV
Manorama Yadav
Company Secretary and
Compliance Officer
(ICSI Mem. No.: F13815)
Encl: as above
Registered Office : Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi,
Thane - 421 302.
RAMGOPAL POLYTEX LIMITED
Corporate Office : 701, Tulsiani Chambers, Free Press Journal Marg,
Nariman Point, Mumbai - 400 021.
Tel: +91-22-61396800, +91-22-22830546
Website: www.ramgopalpolytex.com / E-mail: [email protected]
CIN: L17110MH1981PLC024145
RG
ANNEXURE-A
Date: May 20, 2026
To,
| BSE Limited.
P. J. Tower, Dalal Street,
Mumbai - 400001
SCRIP CODE: 514223 | The Calcutta Stock Exchange Association Ltd.
7, Lyons Range, Murgighata, Dalhousie, Calcutta – 700 001
SCRIP CODE: 10028131 |
| --- | --- |
Dear Sir/Madam,
Sub: Declaration pursuant to Regulation 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016
I, Sanjay Jatia, Managing Director of Ramgopal Polytex Limited (CIN: L17110MH1981PLC024145) having its Registered office at Greentex Clearing House, B-1, 2 & 3 Gosrani Compound Rehnal Village Bhiwandi Thane - 421302, hereby declare that, the Statutory Auditors of the Company M/s. Rungta Agarwal and Associates (Formerly known as Shanker and Kapani), Chartered Accountants (ICAI Firm Registration No.117761W), have issued an Audit Report with Un-modified opinion on Audited Financial Results of the Company for the quarter and year ended March 31, 2026.
This declaration given in compliance to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016 vide notification No. SEBI/ LAD-NRO/GN/2016-17/001 dated May 25, 2016 and Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016.
Kindly take record of the same.
Thanking you
Yours faithfully,
For Ramgopal Polytex Limited
Registered Office : Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane - 421 302.
RAMGOPAL POLYTEX LIMITED
Corporate Office : 701, Tulsiani Chambers, Free Press Journal Marg,
Nariman Point, Mumbai - 400 021.
Tel: +91-22-61396800, +91-22-22830546
Website: www.ramgopalpolytex.com / E-mail: [email protected]
CIN: L17110MH1981PLC024145
RG
ANNEXURE-B
Disclosures as required under Regulation 30 read with Schedule III and SEBI circular bearing reference number SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
| The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or Subsidiary or associate company of the listed entity during the last financial year; | NIL |
|---|---|
| date on which the agreement for sale has been entered into; | May 20, 2026 |
| the expected date of completion of sale/disposal; | May 31, 2026 |
| consideration received from such sale/disposal; | The sale consideration is Rs.1,34,90,000/- (Rupees One Crore Thirty Four Lakhs Ninety Thousand Only) for 1,90,000 shares of Ramgopal Synthetics Limited is as per valuation report at a price of Rs.71/- per Equity Share. |
| Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof; | Name of Buyer: Minal Nipoon Agarwal Jointly with Mr. Nipoon G Agarwal |
| Address: 10/48 Sheela Apts 2 B, Desai Road, Near Mahalaxmi Temple, Mumbai - 400026. | |
| Nationality: Indian | |
| The buyer is not related to the Promoter / Promoter Group / Group Companies of Ramgopal Polytex Limited in any manner whatsoever. | |
| Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”. | No |
| Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations | Not Applicable |
| additionally, in case of a slump sale, indicative disclosures provided for amalgamation / merger, shall be disclosed by the listed entity with respect to such slump sale. | |
| Registered Office : Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi, | Not Applicable |
421 302.
RAMGOPAL POLYTEX LIMITED
Corporate Office : 701, Tulsiani Chambers, Free Press Journal Marg,
Nariman Point, Mumbai - 400 021.
Tel: +91-22-61396800, +91-22-22830546
Website: www.ramgopalpolytex.com / E-mail: [email protected]
CIN: L17110MH1981PLC024145
RG
ANNEXURE-C
The disclosures with respect to appointment of Internal Auditors of the Company as required under Regulation 30 Read with Schedule III and SEBI circular bearing reference number SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated 13th July 2023 and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
Appointment of Internal Auditor
| Sr. No. | Details of events that needs to be provided | Appointment of Internal Auditors |
|---|---|---|
| 1. | Reason for Change viz. | |
| appointment, resignation, removal, death or otherwise | Appointment of Mr. Ravi Seth proprietor of M/s. Ravi Seth & Co., Chartered Accountants, Mumbai (Firm Registration No. 108757W) as an Internal Auditor of the Company. | |
| 2. | Date of Appointment / cessation (as applicable) & terms of appointment | May 20, 2026 for the Financial Year 2026-27. |
| 3. | Brief Profile (in case of appointment) | Mr. Ravi Seth proprietor of M/s. Ravi Seth & Co., Chartered Accountants, Mumbai (Firm Registration No. 108757W). Who believes their experience, ability and willing to deliver being their greatest assets. Mr. Ravi Seth has an extensive expertise in Internal Audit, apart from experience in areas that includes accounts, audit, risk management, project management and related services. |
| 4. | Disclosure of relationship between directors | Not applicable (Internal Auditors is not related to any Directors of the Company). |
Registered Office : Greentex Clearing House, B-1, 2 & 3, Gosrani Compound, Rehnal Village, Bhiwandi,
Thane - 421 302.
Ramgopal Polytex Limited
Regd. Office: Greentex Clearing House, B-1,2&3, Gosrani Compound, Rehnal Village, Bhiwandi, Thane-421302.
Corp. Office: 701, Tulsiani Chambers, Free Press Journal Marg, Nariman Point, Mumbai - 400021.
CIN: L17110MH1981PLC024145 | Website: www.ramgopalpolytex.com | E-Mail: [email protected] | Tel.: 022 61396800
Audited Financial Results for the Quarter and Year Ended 31st March, 2026
(Rs. in Lakhs except per equity share data)
| Particulars | Quarter Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31/03/2026 | 31/12/2025 | 31/03/2025 | 31/03/2026 | 31/03/2025 | ||
| Audited | Unaudited | Audited | Audited | Audited | ||
| 1 | Revenue from Operations | 21.69 | 21.04 | 3.63 | 109.36 | 148.20 |
| 2 | Other Income | 15.14 | 16.97 | 20.61 | 73.45 | 77.85 |
| 3 | Total Income (1+2) | 36.83 | 38.01 | 24.24 | 182.81 | 226.05 |
| 4 | Expenses | |||||
| a) Purchase of Stock-in-Trade | - | 41.33 | - | 78.17 | 166.93 | |
| b) Changes in Inventories of Traded Goods | 20.67 | (20.67) | 7.26 | 29.46 | (19.95) | |
| c) Employee Benefits expense | 15.08 | 14.18 | 16.26 | 56.05 | 66.48 | |
| d) Finance Costs | - | - | 0.03 | - | 0.03 | |
| e) Depreciation and amortization expense | 0.11 | 0.11 | 0.12 | 0.43 | 0.35 | |
| f) Provision for Goods & Service Tax credits | 7.16 | - | - | 77.16 | - | |
| g) Other expenses | 5.41 | 13.22 | 6.37 | 40.65 | 30.60 | |
| Total Expenses | 48.43 | 48.17 | 30.04 | 281.92 | 244.44 | |
| 5 | Profit / (Loss) before Tax (3-4) | (11.60) | (10.16) | (5.80) | (99.11) | (18.39) |
| 6 | Tax Expense | |||||
| a) Current Tax | - | - | - | - | - | |
| b) Deferred Tax | - | - | - | - | - | |
| c) Income Tax Adjustments for earlier years | - | - | - | - | (0.13) | |
| 7 | Profit/(Loss) for the period (5-6) | (11.60) | (10.16) | (5.80) | (99.11) | (18.52) |
| 8 | Other Comprehensive Income | |||||
| Items that will not be classified to Profit and Loss | ||||||
| a | Remeasurement of the net defined benefit liabilities-Income/(Expense) | 0.99 | (0.42) | (0.08) | 0.53 | |
| b | Fair valuation of Equity Instrument through Other Comprehensive Income | 30.40 | - | (17.10) | 30.40 | |
| c | Income tax relating to items that will not be reclassified to profit and loss | (3.95) | - | 2.22 | (3.95) | |
| 9 | Total Comprehensive Income for the period (7-8) | 15.84 | (10.58) | (20.76) | (72.13) | (29.25) |
| 10 | Paid up equity share capital (Face value: Rs.10 per share) | 1,439.63 | 1,439.63 | 1,439.63 | 1,439.63 | 1,439.63 |
| 11 | Other equity | (391.91) | (319.78) | |||
| 12 | Earnings per share (of Rs.10 each) | |||||
| Basic (Not annualised) | (0.08) | (0.07) | (0.04) | (0.68) | (0.13) | |
| Diluted (Not annualised) | (0.08) | (0.07) | (0.04) | (0.68) | (0.13) | |
| STATEMENT OF ASSETS AND LIABILITIES | Rs.in Lakhs | |||||
| --- | --- | --- | --- | |||
| As at | As at | |||||
| 31-03-2026 | ||||||
| (Audited) | 31-03-2025 | |||||
| (Audited) | ||||||
| A | ASSETS | |||||
| 1 Non-Current Assets | ||||||
| (a) Property, plant and equipment | 1.90 | 2.06 | ||||
| (b) Financial assets | ||||||
| (i) Investments | 134.90 | 104.50 | ||||
| (ii) Loans | 0.46 | 0.54 | ||||
| (iii) Security deposits | 0.50 | 0.50 | ||||
| (c) Other non-current assets | 3.77 | 3.77 | ||||
| (d) Income Tax Assets | 23.60 | 24.10 | ||||
| Subtotal-Non-Current Assets | 165.13 | 135.47 | ||||
| 2 Current Assets | ||||||
| (a) Inventories | - | 29.46 | ||||
| (b) Financial assets | ||||||
| (i) Trade receivables | - | 1.55 | ||||
| (ii) Cash and cash equivalents | 504.91 | 59.85 | ||||
| (iii) Loans | 438.45 | 871.60 | ||||
| (iv) Other Financial Assets | 1.33 | - | ||||
| (c) Other current assets | 0.31 | 76.92 | ||||
| Subtotal-Current Assets | 945.00 | 1,039.38 | ||||
| TOTAL ASSETS | 1,110.13 | 1,174.85 |
e e
| B. EQUITY AND LIABILITIES | ||
| 1 Equity | ||
| (a) Equity share capital | 1,439.63 | 1,439.63 |
| (b) Other equity | (391.91) | (319.78) |
| Subtotal-Equity | 1,047.72 | 1,119.85 |
| 2 Liabilities | ||
| I Non current liabilities | ||
| (a) Provisions | 9.46 | 7.69 |
| (b) Deferred Tax Liabilities | 15.07 | 11.12 |
| Sub total-Non-Current liabilities | 24.53 | 18.81 |
| II Current liabilities | ||
| (a) Financial liabilities | ||
| Trade payables | ||
| Total outstanding due to Micro and Small Enterprises | 1.13 | 1.13 |
| Total outstanding due to creditors other than Micro and Small Enterprises | 5.33 | 5.23 |
| (b) Other current liabilities | 0.55 | 0.51 |
| (c) Provisions | 30.87 | 29.32 |
| Subtotal-Current Liabilities | 37.88 | 36.19 |
| Total Liabilities | 62.41 | 55.00 |
| TOTAL EQUITY AND LIABILITIES | 1,110.13 | 1,174.85 |
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2026
| Rs.in Lakhs | |
|---|---|
| Year Ended | |
| A. | CASH FLOW FROM OPERATING ACTIVITIES |
| Profit/(Loss) Before Tax | (99.11) |
| Adjustments for: | |
| Depreciation and Amortisation Expense | 0.43 |
| Bad Debts and Sundry Balances Written off | - |
| Provision for Bad and Doubtful Debts | - |
| Provision for Goods & Service Tax credits | 77.16 |
| Sundry Balances Written back | (0.01) |
| Interest Income | (73.44) |
| Finance Costs | - |
| Operating Loss before Working Capital Changes | (94.97) |
| Movements in Working Capital: | |
| Inventories | 29.46 |
| Trade and Other Receivables | 0.73 |
| Trade, Other Payables and Provisions | 4.00 |
| Cash Flow used in Operations | (60.78) |
| Direct Taxes (Paid) / Refund | 0.50 |
| Net Cash Flow used in Operating Activities | (60.28) |
| B. | CASH FLOW FROM INVESTING ACTIVITIES |
| Purchase of Property, Plant & Equipment | (0.27) |
| Sale of Investments | - |
| Loans to Companies and Others-(Given)/Received back (Net) | 433.50 |
| Interest Received | 72.11 |
| Net Cash Flow from Investing Activities | 505.34 |
| C. | CASH FLOW FROM FINANCING ACTIVITIES |
| Finance Costs Paid | - |
| Net Cash Flow used in Financing Activities | - |
| Net Increase in Cash & Cash Equivalents | 445.06 |
| Cash & Cash Equivalents (Opening Balance) | 59.85 |
| Cash & Cash Equivalents (Closing Balance) | 504.91 |
Notes:
1. The above results were reviewed by Audit Committee and approved by the Board of Directors at their meeting held on 20th May, 2026.
2. The Company's main business is trading of yarn and polymers etc.. Accordingly, there are no separate reportable segments as per IND AS 108.
3. The figures for the quarter ended 31st March, 2026 and 31st March, 2025 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to the third quarter for the relevant financial year which were subjected to limited review by the statutory auditors.
4. The previous period's and current year previous quarter's figures have been regrouped/re-classified/restated wherever required to conform to current period's classification.
Place: Mumbai
Date: 20th May, 2026
For and on behalf of the Board of Directors
Sanjay Jatia
Chairman & Managing Director
(DIN: 00913405)
RUNGTA AGARWAL AND ASSOCIATES
CHARTERED ACCOUNTANTS
Office No. 3, Hussani Building, 2nd Floor, 235 PD Mello Road, Fort, Mumbai- 400 001
Mobile No. 9820354138 E-mail: [email protected]
Independent Auditors Report
To,
The Board of Directors,
RAMGOPAL POLYTEX LIMITED
Report on the audit of the Financial Results
Opinion
We have audited the accompanying financial results of RAMGOPAL POLYTEX LIMITED (the “company”) for the quarter and year ended March 31, 2026, 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, these Financial Results:
(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 recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net loss and other comprehensive income and other financial information for the quarter and 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 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 Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Financial Results
These quarterly financial results as well as the year to date Financial Results have been prepared on the basis of the Annual Financial Statements. The Company's Board of Directors are responsible for the preparation of these Financial Results that give a true and fair view of the net loss and other comprehensive income and other financial information in accordance with 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 application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Financial Results
Our objectives are to obtain reasonable assurance about whether the Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these 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, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of 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.
- 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.
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.
Materiality is the magnitude of misstatements in the standalone financial statements that individually or in aggregate makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements 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 statements.
Other Matter
The Financial Results include the results for the quarter ended March 31, 2026 and corresponding quarter ended of the previous year being the balancing figures between audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current and previous financial year which were subject to limited review.
Our opinion is not modified in respect of this matter.
PLACE: MUMBAI
DATED: MAY 20, 2026
FOR RUNGTA AGARWAL AND ASSOCIATES
CHARTERED ACCOUNTANTS
FIRM REGISTRATION NO.: 117761W
PAWAN KUMAR RUNGTA
PARTNER
MEMBERSHIP No. 042902
UDIN: 26042902MXXXBO2468
MUMBAI