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Redington Limited Interim / Quarterly Report 2026
62504_rns_2026-05-13_8a599616-7a2d-4279-b768-6ea49151ed23.pdf
Interim / Quarterly Report
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Redington
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Redington Limited
Block 3, Plathin, Redington Tower,
Inner Ring Road, Saraswathy Nagar West,
4th Street, Puzhuthivakkam,
Chennai 600091, Tamil Nadu, India.
+91 44 42243111
[email protected]
CIN : L52599TN1961PLC028758
www.redingtongroup.com
May 13, 2026
The National Stock Exchange of India Limited,
Exchange Plaza,
Bandra-Kurla Complex,
Bandra (E), Mumbai – 400051.
Symbol: REDINGTON
BSE Limited
Floor 25, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai — 400 001
Scrip: 532805
Sir/Madam,
Sub: Outcome of the Board Meeting - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations')
This is with reference to our intimation dated May 08, 2026, under Regulation 29 of the Listing Regulations. The Board of Directors of the Company, at their meeting held today (i.e.) May 13, 2026, have inter alia, approved the following:
- Audited financial results:
Pursuant to Regulation 33 of the Listing Regulations, we enclose herewith the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, along with the respective audit reports issued by Deloitte Haskins & Sells, Chartered Accountants, Statutory Auditors of the Company, who has issued an unmodified opinion.
The Company does not fall under the criteria of "Large Corporate" as per the SEBI Circular No. SESEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 updated as on April 13, 2022
- Recommendation of final dividend and payment date:
The Board considered and recommended a final dividend of Rs. 6/- (300% of face value) per equity share of Rs. 2/- each, for the financial year 2025-26, subject to approval of members of the Company at the ensuing Annual General Meeting('AGM').
The Company has fixed Friday, July 03, 2026, as the Record Date for the purpose of determining the eligible members for the aforesaid dividend. Such dividend, upon approval by the members at the ensuing AGM, will be paid/dispatched within 30 days from the date of AGM.
- Convening of AGM:
The thirty third AGM of the Company will be held on Wednesday, July 29, 2026, through Video Conferencing/ Other Audio-Visual Means.
All Correspondence to Registered Office only
Redington
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Redington Limited
Block 3, Plathin, Redington Tower,
Inner Ring Road, Saraswathy Nagar West,
4th Street, Puzhuthivakkam,
Chennai 600091, Tamil Nadu, India.
+91 44 42243111
CIN: L52599TN1961PLC028758
www.redingtongroup.com
- Re-Appointment of Mr. S V Krishnan as Whole-time Director:
Based on the recommendations of the Nomination and Remuneration Committee, the Board unanimously approved the re-appointment of Mr. S V Krishnan (DIN: 07518349) as a Whole-time Director of the Company, designated as Finance Director, for a period of five years with effect from May 13, 2026 to May 12, 2031 (both days inclusive), liable to retire by rotation, subject to the approval of members of the Company at their ensuing Annual General Meeting.
The additional details required under Regulation 30 of Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed as an Annexure hereto.
The meeting commenced at 02:30 p.m. and concluded at 06.30 p.m.
Please take the above information on record. The same will be uploaded on the website of the Company at https://redingtongroup.com/corporate-announcement/
Thanking You.
For Redington Limited
VUAYSHYA Digitally signed by
VUAYSHYAM ACHARYA
M ACHARYA KUNJIBETTU
Date: 2026.05.13
KUNJIBETTU 21:05:51 +00'30'
K Vijayshyam Acharya
Company Secretary
Encl: a/a
All Correspondence to Registered Office only
Redington
UNLOCKWEXT
Redington Limited
Block 3, Plathin, Redington Tower,
Inner Ring Road, Saraswathy Nagar West,
4th Street, Puzhuthivakkam,
Chennai 600091, Tamil Nadu, India.
+91 44 42243111
CIN: L52599TN1961PLC028758
www.redingtongroup.com
Annexure
Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para A of Schedule III to the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023
| Sl. No | Particulars | Details |
|---|---|---|
| 1. | Reason for change viz. appointment, re-appointment, —resignation,—removal, death or otherwise. | Retirement by rotation and re-appointment |
| 2. | Date of appointment/ re- appointment /—cessation (as applicable) & term of appointment / re-appointment | Five years with effect from May 13, 2026 to May 12, 2031 (both days inclusive) |
| 3. | Brief profile (in case of appointment) | Mr. S V Krishnan is a Chartered Accountant; Cost Accountant and a Company Secretary. He brings a wealth of experience in financial management and strategy. He has a deep understanding of financial operations, including budgeting, forecasting, risk management, and compliance. Since joining Redington Limited in 1998 Mr. S V Krishnan has played a key role in the Company's growth and success. He was involved in the Company's equity raising process including listing in India during 2007. In addition to his financial expertise, Mr. S V Krishnan has demonstrated strong leadership skills and ability to collaborate cross-functionally to achieve business objectives. His responsibility also includes investor relations with public/ institutional shareholders & analysts. He also serves on the Board of many of the Redington group companies worldwide. |
| Mr. S V Krishnan is currently serving as a Governing Council member of Madras Chamber of Commerce & Industry. He was adjudged as "the Great Indian CFO Leader of the Year – IT Sector" award for the year 2024 by Transformance Group. | ||
| Prior to joining Redington, he was employed with Ashok Leyland Limited. | ||
| 4. | Disclosure of relationships between Directors (in case of appointment of a Director). | Mr. S V Krishnan is not related to any Directors of Company. |
| 5. | Information as required under BSE circular Number LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018 | Not debarred from holding the office of a Director by virtue of any order of SEBI or any other authority |
All Correspondence to Registered Office only
Redington Limited
Registered office: Block 3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai - 600 091
Website: www.redingtongroup.com
Email: [email protected]
CIN: L52699TN1961PLC028758
Board No: +91-44-42243111
Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2026
F. In Crores
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 (Refer note 3) | December 31, 2025 (Unaudited) | March 31, 2025 (Refer note 3) | March 31, 2026 (Audited) | March 31, 2025 (Audited) | |
| Income | |||||
| Revenue from operations | 19,587.44 | 16,271.35 | 13,121.36 | 63,801.19 | 48,902.50 |
| Other income (net) | 26.45 | 17.25 | 15.78 | 382.80 | 741.08 |
| Total income | 19,613.89 | 16,288.60 | 13,137.14 | 64,183.99 | 49,643.58 |
| Expenses | |||||
| Purchases of traded goods | 18,999.46 | 16,092.40 | 12,632.84 | 62,840.83 | 47,413.93 |
| Changes in inventories of traded goods | (78.11) | (387.75) | (2.40) | (1,305.78) | (387.19) |
| Employee benefits expense | 105.48 | 101.58 | 70.98 | 375.67 | 284.14 |
| Finance costs | 27.07 | 23.48 | 29.22 | 115.38 | 132.18 |
| Depreciation and amortisation expense | 10.59 | 9.59 | 15.39 | 39.66 | 43.16 |
| Other expenses | 160.73 | 144.62 | 115.03 | 547.19 | 459.15 |
| Total expenses | 19,225.22 | 15,983.92 | 12,861.06 | 62,612.93 | 47,945.37 |
| Profit before tax | 388.67 | 304.68 | 276.08 | 1,571.06 | 1,698.21 |
| Tax expense: | |||||
| Current tax | 101.72 | 91.46 | 68.30 | 343.05 | 262.63 |
| Deferred tax | (1.60) | (10.14) | (1.67) | (15.89) | (8.18) |
| Profit for the Quarter / Year (A) | 288.55 | 223.36 | 209.45 | 1,243.99 | 1,443.76 |
| Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss | |||||
| Remeasurement of defined benefit plan | 0.84 | (6.98) | 0.32 | (3.64) | 3.06 |
| Income tax relating to item above | (0.21) | 1.76 | (0.08) | 0.92 | (0.77) |
| Net other comprehensive income/(loss) that will not be reclassified to profit or loss | 0.63 | (5.22) | 0.24 | (2.72) | 2.29 |
| Items that will be reclassified to profit or loss | |||||
| Foreign exchange differences in translating the financial statements of foreign operations | 4.88 | 1.02 | (0.10) | 8.85 | 1.47 |
| Income tax relating to item above | (1.25) | (0.24) | 0.03 | (2.23) | (0.38) |
| Net other comprehensive income/(loss) that will be reclassified to profit or loss | 3.63 | 0.78 | (0.07) | 6.62 | 1.09 |
| Total other comprehensive income/(loss) (B) | 4.26 | (4.44) | 0.17 | 3.90 | 3.38 |
| Total comprehensive income (A+B) | 292.81 | 218.92 | 209.62 | 1,247.89 | 1,447.14 |
| Paid-up equity share capital (Face Value - ₹ 2/- per share) | 156.35 | 156.35 | 156.35 | 156.35 | 156.35 |
| Other equity as per balance sheet | 5,146.54 | 4,430.35 | |||
| Earnings per Equity Share: (Face Value - ₹ 2/- per share) (Not annualized for Quarters) | |||||
| Basic (in ₹) | 3.69 | 2.86 | 2.68 | 15.91 | 18.47 |
| Diluted (in ₹) | 3.69 | 2.86 | 2.68 | 15.91 | 18.47 |
Redington Limited
Registered office: Block 3, Plathin, Redington Tower, Inner Ring Road, Saraswathy Nagar West, 4th Street, Puzhuthivakkam, Chennai - 600 091
Website: www.redingtongroup.com
Email: [email protected]
CIN: L52599TN1961PLC028758
Board No: +91-44-42245111
Statement of Consolidated Financial Results for the Quarter and Year Ended March 31, 2026
₹. In Crores
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 (Refer note 3) | December 31, 2025 (Unaudited) | March 31, 2025 (Refer note 3) | March 31, 2026 (Audited) | March 31, 2025 (Audited) | |
| Income | |||||
| Revenue from operations | 33,213.03 | 30,921.73 | 26,439.68 | 1,19,162.36 | 99,333.65 |
| Other income (net) | 55.54 | 37.24 | 70.10 | 185.07 | 228.07 |
| Total income | 33,268.57 | 30,958.97 | 26,509.78 | 1,19,347.43 | 99,591.72 |
| Expenses | |||||
| Purchases of traded goods | 32,049.87 | 30,048.40 | 24,241.86 | 1,14,803.66 | 93,679.01 |
| Changes in inventories of traded goods | (448.41) | (635.98) | 798.59 | (1,498.14) | 454.79 |
| Employee benefits expense | 444.28 | 408.06 | 376.31 | 1,610.75 | 1,423.24 |
| Finance costs | 72.03 | 78.58 | 81.55 | 358.66 | 330.23 |
| Depreciation and amortisation expense | 50.37 | 46.78 | 63.09 | 206.43 | 217.58 |
| Impairment loss on Goodwill | - | 9.24 | 24.55 | 9.24 | 24.55 |
| Other expenses | 552.90 | 466.11 | 401.46 | 2,007.43 | 1,743.28 |
| Total expenses | 32,721.04 | 30,421.19 | 25,987.41 | 1,17,498.03 | 97,852.68 |
| Profit before share of loss of associate, exceptional item and tax | 547.53 | 537.78 | 522.37 | 1,849.40 | 1,709.04 |
| Share of loss of associate and tax | - | - | - | - | - |
| Profit before exceptional item and tax | 547.53 | 537.78 | 522.37 | 1,849.40 | 1,709.04 |
| Exceptional item (refer note 6(iv)) | (152.31) | - | 625.77 | (152.31) | 625.77 |
| Profit before tax | 395.22 | 537.78 | 1,148.14 | 1,697.09 | 2,334.81 |
| Tax expense: | |||||
| Current tax | 140.18 | 145.91 | 203.12 | 538.82 | 521.46 |
| Deferred tax | (32.54) | (21.52) | 27.28 | (125.86) | (7.27) |
| Profit for the Quarter / Year (A) | 287.58 | 413.39 | 917.74 | 1,284.15 | 1,820.82 |
| Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss | |||||
| Remeasurement of defined benefit plan | 1.80 | (6.62) | 2.29 | (7.88) | 6.10 |
| Income tax relating to item above | 0.18 | 1.60 | 0.06 | 1.27 | (0.53) |
| Net other comprehensive income that will not be reclassified to profit or loss | 1.98 | (5.02) | 2.35 | (6.61) | 5.57 |
| Items that will be reclassified to profit or loss | |||||
| Foreign exchange differences in translating the financial statements of foreign operations | 285.95 | 47.97 | (58.22) | 485.31 | (5.58) |
| Income tax relating to item above | (2.44) | (1.28) | (0.26) | (4.46) | (0.67) |
| Net other comprehensive income that will be reclassified to profit or loss | 283.51 | 46.69 | (58.48) | 480.85 | (6.25) |
| Total other comprehensive income (B) | 285.49 | 41.67 | (56.13) | 474.24 | (0.68) |
| Total comprehensive income (A+B) | 573.07 | 455.06 | 861.61 | 1,758.38 | 1,819.94 |
| Profit for the Quarter / Year attributable to the :- | |||||
| Shareholders of the Company | 391.32 | 435.80 | 665.62 | 1,490.22 | 1,604.84 |
| Non-Controlling Interests | (103.74) | (22.41) | 252.12 | (206.07) | 215.78 |
| Total Comprehensive Income for the Quarter / Year attributable to the :- | |||||
| Shareholders of the Company | 665.44 | 483.19 | 636.86 | 1,971.30 | 1,657.01 |
| Non-Controlling Interests | (92.37) | (28.13) | 224.95 | (212.91) | 162.93 |
| Paid-up equity share capital (Face Value - ₹ 2/- per share) | 156.35 | 156.35 | 156.35 | 156.35 | 156.35 |
| Other equity as per balance sheet | 10,004.38 | 8,584.69 | |||
| Earnings per Equity Share: (Face Value - ₹ 2/- per share) (Not annualized for Quarters) | |||||
| Basic (in ₹) | 5.01 | 5.57 | 6.51 | 19.06 | 20.53 |
| Diluted (in ₹) | 5.01 | 5.57 | 6.51 | 19.06 | 20.53 |
Redington
Consolidated Segment wise Revenue, Results, Assets and Liabilities for the Quarter and Year Ended March 31, 2026
₹. In Crores
| Particulars | Quarter Ended | Year Ended | |||
|---|---|---|---|---|---|
| March 31, 2026 | |||||
| (Refer note 3) | December 31, 2025 | ||||
| (Unaudited) | March 31, 2025 | ||||
| (Refer note 3) | March 31, 2026 | ||||
| (Audited) | March 31, 2025 | ||||
| (Audited) | |||||
| Segment revenue | |||||
| SISA | 19,960.46 | 16,594.02 | 13,453.52 | 65,033.44 | 50,054.90 |
| ROW | 13,265.92 | 14,340.76 | 12,998.65 | 54,181.85 | 49,328.06 |
| Total | 33,226.38 | 30,934.78 | 26,452.17 | 1,19,215.29 | 99,382.96 |
| Less: Inter segment revenue | 13.35 | 13.05 | 12.49 | 52.93 | 49.31 |
| Revenue from operations | 33,213.03 | 30,921.73 | 26,439.66 | 1,19,162.36 | 99,333.65 |
| Segment results (Profit before finance costs, exceptional item and tax) | |||||
| SISA | 442.02 | 322.58 | 343.51 | 1,434.15 | 1,224.39 |
| ROW | 177.54 | 293.78 | 260.41 | 773.91 | 814.88 |
| Profit before finance costs, exceptional item and tax | 619.56 | 616.36 | 603.92 | 2,208.06 | 2,039.27 |
| Less: Finance costs | |||||
| SISA | 30.02 | 28.09 | 31.12 | 125.43 | 139.91 |
| ROW | 42.01 | 52.49 | 50.43 | 233.23 | 190.32 |
| Total finance costs | 72.03 | 78.58 | 81.55 | 358.66 | 330.23 |
| Profit before exceptional item and tax | |||||
| SISA | 412.00 | 296.49 | 312.39 | 1,308.72 | 1,084.48 |
| ROW | 135.53 | 241.29 | 209.98 | 540.68 | 624.56 |
| Profit before exceptional item and tax | 547.53 | 537.78 | 522.37 | 1,849.40 | 1,709.04 |
| Exceptional item | |||||
| SISA | - | - | - | - | - |
| ROW | (152.31) | - | 625.77 | (152.31) | 625.77 |
| Total exceptional item (Refer note 6(iv)) | (152.31) | - | 625.77 | (152.31) | 625.77 |
| Profit before tax | |||||
| SISA | 412.00 | 296.49 | 312.39 | 1,308.72 | 1,084.48 |
| ROW | (16.78) | 241.29 | 835.75 | 388.37 | 1,250.33 |
| Profit before tax | 395.22 | 537.78 | 1,148.14 | 1,597.09 | 2,334.81 |
₹. In Crores
| Particulars | As at March 31, 2026
(Audited) | As at December 31, 2025
(Unaudited) | As at March 31, 2025
(Audited) |
| --- | --- | --- | --- |
| Segment assets | | | |
| SISA | 17,090.23 | 15,207.45 | 12,625.00 |
| ROW | 16,218.68 | 18,211.28 | 14,647.56 |
| Unallocated | 530.03 | 475.04 | 311.61 |
| Total | 33,838.94 | 31,893.77 | 27,584.17 |
| Segment Liabilities | | | |
| SISA | 12,546.87 | 10,936.21 | 8,794.73 |
| ROW | 10,457.41 | 10,713.30 | 9,287.46 |
| Unallocated | 410.68 | 393.28 | 304.78 |
| Total | 23,414.96 | 22,042.79 | 18,386.97 |
For Redington Limited
Place : Chennai
Date : May 13, 2026
S V Krishnan
Finance Director (Whole-time)
Redington
Redington Limited
Notes to the Statement of Standalone/Consolidated Financial Results for the Quarter ended / Year ended March 31, 2026
-
The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors of Redington Limited (the “Company”) on May 13, 2026. The Standalone and Consolidated Financial Results for the year ended March 31, 2026, has been audited and for the quarter ended March 31, 2026 has been reviewed by statutory auditors.
-
The above financial results comprise the financial results of the Company and its subsidiaries (collectively referred to as the ‘Group’) and the Group’s interest in its associate.
-
The figures for quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between the audited figures in respect of the financial year ended March 31, 2026 and March 31, 2025 respectively, and published year to date figures for the 9 months ended December 31, 2025 and December 31, 2024 respectively, which were subjected to limited review by the statutory auditors.
-
The above financial results have been prepared in accordance with the Indian Accounting Standards (“Ind AS”), notified under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”).
-
Disclosure of reportable segments, “SISA” (Singapore, India & South Asia) and “ROW” (Rest of the World) have been made in a manner consistent with internal reporting to the Managing Director and Group Chief Executive Officer who is the Chief Operating Decision Maker (“CODM”) for the Group, in line with provisions of Ind AS 108, Operating Segment.
-
During the quarter ended March 31, 2026:
i. Pursuant to the approval from the Board of Redington International Mauritius Ltd (wholly owned subsidiary of the Company) and the fulfilment of the applicable regulatory & procedural requirements, re-domiciliation of the subsidiary from Mauritius to United Arab Emirates has been completed in line with the Group’s strategic objectives and future plans. The re-domiciliation has not resulted in any change in the ultimate ownership or control of the subsidiary.
ii. The stepdown subsidiary of the Company, Arena Bilgisayar Sanayi Ve Ticaret A.S, Turkey (“Arena”), a company listed in Istanbul, Turkey, has, pursuant to scheme of internal restructuring, transferred 100% of the ownership of Arena Connect Teknoloji Sanayi ve Ticaret A.Ş (“Arena Connect”), a wholly owned subsidiary of Arena) to Arena Mobile İletişim Hizmetleri ve Tüketici Elektronigi Sanayi ve Ticaret A.Ş (“Arena Mobile”), also a wholly owned subsidiary of Arena) and Arena Mobile was merged with Arena Connect, the subsisting entity, effective February 09, 2026.
iii. Redington Kenya (EPZ) Limited, step-down subsidiary of the Company has been dissolved with effect from January 28, 2026.
iv. The Company’s wholly owned subsidiary, Redington Gulf FZE (RGF) carried out an impairment of the trade name classified as an intangible asset arising from its investment in its subsidiary in Turkey, Arena Bilgisayar Sanayi Ve Ticaret A.S (Arena). Based on the assessment, taking into account challenging economic conditions in Turkey and revised future projections, an impairment loss of ₹ 152.31 Crores has been recognized and disclosed as an Exceptional item in the above financial results (impact on the Consolidated Profit After Tax (PAT) of the Company after Non-controlling interests: ₹ 75.24 Crores). In the previous year, Exceptional item represents gain on divestment of Paynet Ödeme Hizmetler A.Ş (“Paynet”), our step-down subsidiary.
- The Company continues to assess the evolving situation in the Middle East to mitigate any prospective risks to its global footprint. For this purpose, the Company considered internal and external sources of information up to the date of approval of these financial results. Currently, while the operations are dynamically adapting to the ongoing situation, the Company does not foresee any material adverse effects on its financial position resulting from the geo-political conflict.
Redington
- On November 21, 2025, the Government of India notified four Labour Codes – the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’, consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs on December 30, 2025, to facilitate assessment of the financial impact arising from these regulatory changes.
Based on the Company's assessment, the impact of the notification is not material and has been appropriately accounted for in the consolidated/standalone financial results for the quarter and year ended March 31, 2026. The Company will continue to monitor the finalisation of State Rules and government clarifications to recognise any financial impact as appropriate.
-
The Board of Directors at its meeting held on May 13, 2026, has recommended a dividend of ₹ 6/- per equity share of ₹ 2/- each (i.e., 300% of face value) for the financial year ended March 31, 2026, subject to the approval of shareholders in the ensuing Annual General Meeting.
-
Ind AS 29, “Financial Reporting in Hyperinflationary Economies”, has been applied in respect of certain step-down subsidiaries having “Turkish Lira” as functional currency. The impact on the consolidated financial results is not significant.
Redington
11. Statement of Assets & Liabilities:
₹. in Crores
| Particulars | Standalone | Consolidated | ||
|---|---|---|---|---|
| As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) | |
| ASSETS | ||||
| Non-current assets | ||||
| Property, Plant and Equipment | 141.10 | 139.63 | 283.12 | 268.00 |
| Right-of-use assets | 42.30 | 34.32 | 214.06 | 203.85 |
| Capital work-in-progress | 2.58 | 7.95 | 66.61 | 11.32 |
| Investment property | - | - | 38.74 | 25.00 |
| Goodwill | - | - | 9.82 | 75.37 |
| Other Intangible assets | 4.39 | 7.09 | 120.40 | 285.62 |
| Intangible asset under development | - | 1.46 | 8.84 | 4.03 |
| Financial assets | ||||
| Investments in subsidiaries and associate | 750.48 | 750.48 | - | - |
| Trade receivables | 13.85 | 1.29 | 13.85 | 1.29 |
| Other financial assets | 4.64 | 3.10 | 30.72 | 17.47 |
| Deferred tax assets (net) | 48.38 | 33.80 | 205.37 | 78.16 |
| Income tax assets (net) | 150.88 | 231.12 | 150.37 | 233.45 |
| Other non-current assets | 77.34 | 74.64 | 168.50 | 155.10 |
| Total non-current assets | 1,235.94 | 1,284.88 | 1,310.40 | 1,358.66 |
| Current assets | ||||
| Inventories | 4,190.73 | 2,884.95 | 8,170.70 | 6,286.54 |
| Financial assets | ||||
| Investments | - | - | - | - |
| Trade receivables | 10,986.94 | 8,352.47 | 21,569.46 | 17,330.49 |
| Cash and cash equivalents | 143.43 | 81.24 | 1,109.76 | 1,357.08 |
| Other bank balances | 3.77 | 8.09 | 11.74 | 24.40 |
| Loans | - | - | - | - |
| Other financial assets | 94.69 | 73.03 | 319.76 | 389.97 |
| Income tax assets | 174.29 | - | 174.29 | - |
| Other current assets | 680.62 | 348.65 | 1,172.83 | 837.03 |
| Total current assets | 16,274.47 | 11,748.43 | 32,528.54 | 26,225.51 |
| Total assets | 17,510.41 | 13,033.31 | 33,838.94 | 27,584.17 |
| EQUITY AND LIABILITIES | ||||
| Equity | ||||
| Equity share capital | 156.35 | 156.35 | 156.35 | 156.35 |
| Other equity | 5,146.54 | 4,430.35 | 10,004.38 | 8,564.69 |
| Equity attributable to the shareholders of the Company | 5,302.89 | 4,586.70 | 10,160.73 | 8,721.04 |
| Non-controlling interests | - | - | 263.25 | 476.16 |
| Total equity | 5,302.89 | 4,586.70 | 10,423.98 | 9,197.20 |
| LIABILITIES | ||||
| Non-current liabilities | ||||
| Financial liabilities | ||||
| Borrowings | - | - | - | 15.90 |
| Lease liabilities | 37.09 | 29.43 | 126.68 | 115.79 |
| Other financial liabilities | - | - | 6.71 | 12.52 |
| Provisions | 56.52 | 44.00 | 260.65 | 208.71 |
| Deferred tax liabilities (net) | - | - | 1.88 | 11.65 |
| Other non-current liabilities | - | - | 2.45 | 0.79 |
| Total non-current liabilities | 93.61 | 73.43 | 398.37 | 365.36 |
| Current liabilities | ||||
| Financial liabilities | ||||
| Borrowings | 1,448.45 | 1,380.81 | 2,637.45 | 2,603.28 |
| Lease liabilities | 7.89 | 5.99 | 77.49 | 73.55 |
| Trade payables | ||||
| (a) Total outstanding dues of micro enterprises and small enterprises | 64.09 | 57.71 | 71.13 | 64.03 |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 9,626.71 | 6,512.68 | 17,968.00 | 13,327.52 |
| Other financial liabilities | 102.87 | 95.47 | 235.24 | 397.87 |
| Other current liabilities | 742.67 | 296.38 | 1,545.59 | 1,206.80 |
| Provisions | 14.21 | 6.18 | 72.89 | 55.43 |
| Current tax liabilities (net) | 107.02 | 17.96 | 408.80 | 293.13 |
| Total current liabilities | 12,113.91 | 8,373.18 | 23,016.59 | 18,021.61 |
| Total liabilities | 12,207.52 | 8,446.61 | 23,414.96 | 18,386.97 |
| Total equity and liabilities | 17,510.41 | 13,033.31 | 33,838.94 | 27,584.17 |
Redington
12. Statement of Cash Flow:
| Particulars | Standalone | Consolidated | ||
|---|---|---|---|---|
| For the Year ended March 31, 2026 (Audited) | For the Year ended March 31, 2025 (Audited) | For the Year ended March 31, 2026 (Audited) | For the Year ended March 31, 2025 (Audited) | |
| A. Cash flow from operating activities | ||||
| Profit before tax | 1,571.06 | 1,698.21 | 1,697.09 | 2,334.81 |
| Adjustments for: | ||||
| - Depreciation and amortisation expense | 39.66 | 43.16 | 206.43 | 217.58 |
| - Finance costs | 115.36 | 132.18 | 358.66 | 330.23 |
| - Interest income | (2.31) | (3.59) | (68.54) | (83.66) |
| - Impairment of Goodwill | - | - | 9.24 | 24.55 |
| - Allowance for impairment of trade receivables and other financial assets | ||||
| (including bad debts written off) | 91.58 | 29.63 | 223.90 | 59.47 |
| - Write-off of fixed asset | 4.86 | - | 4.86 | - |
| - Dividend income from subsidiaries | (307.28) | (692.40) | - | - |
| - Income received from short-term investments | (3.24) | (3.71) | (3.33) | (3.71) |
| - Impact on account of application of Ind AS 29 | - | - | (24.18) | 29.04 |
| - Unrealised exchange gain (net) | (18.86) | 12.44 | (18.86) | 12.44 |
| - Gain on modification of leases | (0.81) | (0.16) | (0.43) | - |
| - (Gain)/Loss on sale of property, plant and equipment (net) | (2.17) | (2.78) | 16.98 | (4.40) |
| - Impairment of property plant & equipment and other intangible assets | ||||
| (refer note 6(iv)) | - | - | 152.31 | - |
| - Gain on disposal of a subsidiaries | - | - | - | (630.63) |
| Operating profit before working capital changes | 1,487.85 | 1,212.98 | 2,554.13 | 2,285.52 |
| (Increase) in trade receivables | (2,740.81) | (1,728.29) | (4,477.63) | (3,458.98) |
| (Increase) in other assets | (302.58) | (122.37) | (288.02) | (303.11) |
| (Increase)/Decrease in inventories | (1,305.77) | (387.19) | (1,884.48) | 367.39 |
| Increase in other liabilities | 454.93 | 23.08 | 153.79 | 368.40 |
| Increase in trade payables | 3,097.97 | 1,470.46 | 4,625.14 | 1,526.90 |
| Increase in provisions | 16.90 | 4.24 | 62.80 | 31.03 |
| Cash generated from operating activities | 708.49 | 472.91 | 745.73 | 817.15 |
| Income taxes paid (net) | (348.06) | (378.72) | (514.36) | (524.53) |
| Net cash generated from operating activities | 360.43 | 94.19 | 231.35 | 292.62 |
| B. Cash flow from investing activities | ||||
| Payment towards acquisition of property, plant and equipment | (29.12) | (20.80) | (157.35) | (136.28) |
| Payment towards acquisition of other intangible assets | - | - | (25.09) | (26.89) |
| Proceeds from sale of property, plant and equipment and other intangible | 4.47 | 5.43 | 76.05 | 8.46 |
| Interest received | 2.32 | 3.59 | 80.00 | 85.20 |
| Dividend received from Subsidiaries | 307.28 | 692.40 | - | - |
| Income received from short-term investments | 3.24 | 3.71 | 3.33 | 3.71 |
| Changes in bank deposits not treated as cash and cash equivalents | - | - | 12.66 | (15.80) |
| Proceeds from disposal of subsidiary (net of directly attributable expenses and cash disposed off, as applicable) | - | - | - | 541.46 |
| Net cash generated from / (used in) investing activities | 288.19 | 684.33 | (10.40) | 559.86 |
| C. Cash flow from financing activities | ||||
| Proceeds from short-term borrowings | 23,870.14 | 16,075.38 | 25,188.80 | 20,390.80 |
| Repayment of short-term borrowings | (23,802.50) | (16,289.21) | (25,205.14) | (20,625.48) |
| Repayment of long-term borrowings | - | - | (15.75) | (30.05) |
| Dividends paid | (531.61) | (484.70) | (531.61) | (484.70) |
| Finance costs paid | (112.75) | (136.09) | (324.32) | (325.12) |
| Receipt on account of finance lease | 0.95 | 5.40 | 2.42 | 5.40 |
| Payment of lease liabilities | (10.66) | (5.51) | (113.88) | (101.95) |
| Net cash used in financing activities | (586.43) | (834.73) | (999.48) | (1,171.10) |
| Net increase/(decrease) in cash and cash equivalents | 62.19 | (56.21) | (778.53) | (318.62) |
| Cash and cash equivalents at the beginning of the year | 81.24 | 137.45 | 1,213.01 | 1,544.95 |
| Effect of exchange differences on restatement of foreign currency cash and cash equivalents | - | - | 480.85 | (13.32) |
| Cash and cash equivalents at the end of the year | 143.43 | 81.24 | 915.33 | 1,213.01 |
| Reconciliation of Cash and cash equivalents with the Balance Sheet | ||||
| Cash and cash equivalents at the end of the period as per Balance Sheet | 143.43 | 81.24 | 1,109.76 | 1,357.08 |
| Less: Bank overdrafts and cash credit facilities used for cash management purposes | - | - | 194.43 | 144.07 |
| Cash and cash equivalents at the end of the year | 143.43 | 81.24 | 915.33 | 1,213.01 |
4
RESEARCH HARVING & SAFETY
CENTRAL 17
Redington
- The Company has listed its commercial papers in the bourses of BSE and pursuant to such listing, below are the details computed based on standalone financial information of Redington Limited pursuant to Regulation 52(4) of the Listing Regulations:
| Particulars | Quarter ended March 31, 2026 | Quarter ended March 31, 2025 | Year ended March 31, 2026 (Audited) | Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|
| Debt service coverage ratio (no. of times) [refer note (a)] | 15.36 | 10.45 | 11.96 | 8.61 |
| Interest service coverage ratio (no. of times) [refer note (b)] # | 16.25 | 11.08 | 12.51 | 9.05 |
| Debt equity ratio (no. of times) [refer note (c)] | 0.29 | 0.34 | 0.29 | 0.34 |
| Net worth [refer note (d)] (₹ in crores) | 5,302.89 | 4,586.70 | 5,302.89 | 4,586.70 |
| Outstanding redeemable preference shares | - | - | - | - |
| Capital redemption reserve/ debenture redemption reserves (₹ in crores) | - | - | - | - |
| Earnings per share (EPS) | ||||
| (a) Basic EPS (₹) | 3.69 | 2.68 | 15.91 | 18.47 |
| (b) Diluted EPS (₹) | 3.69 | 2.68 | 15.91 | 18.47 |
| PAT (₹ in crores) | 288.55 | 209.45 | 1,243.90 | 1,443.76 |
| PAT excluding dividend income (₹ in crores) | 288.55 | 209.45 | 936.62 | 751.36 |
| Current ratio (no. of times) [refer note (e)] | 1.34 | 1.40 | 1.34 | 1.40 |
| Current liability ratio (no. of times) [refer note (f)] | 0.99 | 0.99 | 0.99 | 0.99 |
| Long term debt to working capital (no. of times) [refer note (g)] | - | - | - | - |
| Bad debts to Accounts receivable ratio (no. of times) [refer note (h)] | ^ | ^ | 0.01 | ^ |
| Total debts to Total assets ratio (no. of times) [refer note (i)] | 0.08 | 0.11 | 0.08 | 0.11 |
| Debtor turnover (no. of times) [refer note (j)] | 7.58 | 6.37 | 6.59 | 6.51 |
| Inventory turnover (no. of times) [refer note (k)] | 18.23 | 17.76 | 17.39 | 17.47 |
| Operating margin (%) [refer note (l)] | 2.12% | 2.33% | 2.16% | 2.33% |
| Net Profit margin (%) [refer note (m)] | 1.47% | 1.60% | 1.47% | 1.54% |
^ Represents value less than 0.01.
M
8
ASSOCIATE MANAGEMENT AGENCY
CENTRAL INSTITUTE OF FINANCIAL RESEARCH
CENTRAL INSTITUTE OF FINANCIAL RESEARCH
Redington
Formulae for calculation of ratios are as follows:
(a) Debt service coverage ratio = (Profit /(loss) before tax – Dividend income + Interest expenses) / (Interest expenses + Repayment of Long-term loans during the year)
For the purpose of calculation, loans having original maturity of more than 360 days are considered as Long-term loans.
(b) Interest service coverage ratio # = (Profit /(loss) from ordinary activities before tax – Dividend income + Interest expenses – Interest income earned on surplus funds) / (Interest expenses – Interest income earned on surplus funds).
(c) Debt equity ratio = (Total debt – Cash and cash equivalents and other bank balances – Short term investments) / (Total equity – Investments in subsidiaries)
(d) Net worth = Equity share capital + Other equity
(e) Current ratio = Current assets / Current liabilities
(f) Current liabilities ratio = Current liabilities / Total liabilities
(g) Long term debt to Working capital = Long term borrowings (including current portion of long-term borrowings) / Working capital
Working capital = Current assets (excluding Assets classified as held for sale) - Current liabilities (excluding current maturities of long term debt, interest accrued on borrowings).
(h) Bad debts to Accounts receivable ratio = Bad debts / Trade receivables
(i) Total debts to Total assets ratio = (Non-current borrowings + Current borrowings) / Total assets
(j) Debtors turnover ratio (number of times) (annualized) = Revenue from operations / Average Trade receivables
(k) Inventory turnover ratio (number of times) (annualized) = (Purchases of traded goods + Changes in inventories of traded goods) / Average Inventories
(l) Operating margin (%) = (Profit before tax + Finance costs – Dividend income) / Revenue from operations
(m) Net profit margin (%) = Net profit after tax excluding dividend income / Revenue from operations
Since interest income has been obtained from surplus funds, the same has been adjusted with interest expense for interest service coverage ratio computation.
- The Standalone and Consolidated financial results of the Company for the Quarter Ended / Year ended March 31, 2026, have been filed with the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange of India Limited (BSE) and are available in the Company's website www.redingtongroup.com.
Place : Chennai
Date : May 13, 2026
For Redington Limited
S V Krishnan
Finance Director (Whole-time)
Deloitte Haskins & Sells
Chartered Accountants
ASV N Ramana Tower,
52, Venkatnarayana Road,
T. Nagar,
Chennai - 600 017,
Tamil Nadu, India
Phone: +91 44 6688 5000
Fax: +91 44 6688 5400
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL STANDALONE FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF REDINGTON LIMITED
Opinion and Conclusion
We have (a) audited the Standalone Financial Results for the year ended March 31, 2026 and (b) reviewed the Standalone Financial Results for the quarter ended March 31, 2026 (refer ‘Other Matters’ section below), which were subject to limited review by us, both included in the accompanying “Statement of Standalone Financial Results for the Quarter and Year Ended March 31, 2026 of Redington Limited (the “Company”), which includes branch located at Singapore (the “Statement”), being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “LODR Regulations”).
(a) Opinion on Annual Standalone Financial Results
In our opinion and to the best of our information and according to the explanations given to us, the Standalone Financial Results for the year ended March 31, 2026:
i. are presented in accordance with the requirements of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
ii. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information of the Company for the year then ended.
(b) Conclusion on Unaudited Standalone Financial Results for the quarter ended March 31, 2026
With respect to the Standalone Financial Results for the quarter ended March 31, 2026, based on our review conducted as stated in paragraph (b) of Auditor’s Responsibilities section below, nothing has come to our attention that causes us to believe that the Standalone Financial Results for the quarter ended March 31, 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
CHENNAI-17
Deloitte Haskins & Sells
Basis for Opinion on the Audited Standalone Financial Results for the year ended March 31, 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Companies Act, 2013 (the "Act"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Standalone Financial Results for the year ended March 31, 2026 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 ICAI's Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion.
Management's and Board of Directors' Responsibilities for the Statement
This Statement which includes the Standalone Financial Results is the responsibility of the Company's Board of Directors and has been approved by them for the issuance. The Standalone Financial Results for the year ended March 31, 2026 has been compiled from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in the Indian 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 and Regulation 52(4) of the LODR Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Results that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Standalone Financial Results, the Board of Directors is 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 also responsible for overseeing the financial reporting process of the Company.
CHEMISTRY
CHEMISTRY
DISTRIBUTED
EXCELLENCE
Deloitte Haskins & Sells
Auditor's Responsibilities
(a) Audit of the Standalone Financial Results for the year ended March 31, 2026
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results for the year ended March 31, 2026 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 this 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 Annual Standalone 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 made by the Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 and Regulation 52(4) of the LODR Regulations.
- 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.
- Evaluate the overall presentation, structure and content of the Annual Standalone Financial Results, including the disclosures, and whether the Annual Standalone Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company and its branch to express an opinion on the Annual Standalone Financial Results.
CITY OF CHENNAI-17
Deloitte Haskins & Sells
Materiality is the magnitude of misstatements in the Annual Standalone Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual Standalone 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 Annual 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.
(b) Review of the Standalone Financial Results for the quarter ended March 31, 2026
We conducted our review of the Standalone Financial Results for the quarter ended March 31, 2026 in accordance with the Standard on Review Engagements ("SRE") 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Other Matters
- The Statement includes the results for the Quarter ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report on the Statement is not modified in respect of this matter.
For Deloitte Haskins & Sells
Chartered Accountants
(Firm's Registration No. 008072S)
ANANTHI AMARNATH
Digitally signed by
ANANTHI AMARNATH
Date: 2026.05.13
18:11:24 +05'30'
Ananthi Amarnath
Partner
Membership No.: 209252
UDIN: 26209252PBHJKO5423
Place: Chennai
Date: May 13, 2026
Deloitte Haskins & Sells
Chartered Accountants
ASV N Ramana Tower,
52, Venkatnarayana Road,
T. Nagar,
Chennai - 600 017,
Tamil Nadu, India
Phone: +91 44 6688 5000
Fax: +91 44 6688 5400
INDEPENDENT AUDITOR'S REPORT ON AUDIT OF ANNUAL CONSOLIDATED FINANCIAL RESULTS AND REVIEW OF QUARTERLY FINANCIAL RESULTS
TO THE BOARD OF DIRECTORS OF REDINGTON LIMITED
Opinion and Conclusion
We have (a) audited the Consolidated Financial Results for the year ended March 31, 2026 and (b) reviewed the Consolidated Financial Results for the quarter ended March 31, 2026 (refer 'Other Matters' section below), which were subject to limited review by us, both included in the accompanying "Statement of Consolidated Financial Results for the Quarter and Year Ended March 31,2026 of Redington Limited (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as the "Group"), and its share of the net loss after tax and other comprehensive loss of its associate for the quarter and year ended March 31, 2026, which includes the branches of the Group located at Singapore, being submitted by the Parent pursuant to the requirements of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations").
(a) Opinion on Annual Consolidated Financial Results
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the audit reports of the other auditors on separate financial statements of subsidiaries and associate referred to in Other Matters section below, the Consolidated Financial Results for the year ended March 31, 2026:
(i) includes results of the entities as listed in Annexure-1 enclosed herewith;
(ii) are presented in accordance with the requirements of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
(iii) gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the year ended March 31, 2026.
(b) Conclusion on Unaudited Consolidated Financial Results for the quarter ended March 31, 2026
With respect to the Consolidated Financial Results for the quarter ended March 31, 2026, based on our review conducted and procedures performed as stated in paragraph (b) of Auditor's Responsibilities section below and based on the consideration of the review reports of the other auditors referred to in Other Matters section below, nothing has come to our attention that causes us to believe that the Consolidated Financial Results for the quarter ended March 31, 2026, prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.
C
Deloitte Haskins & Sells
Basis for Opinion on the Audited Consolidated Financial Results for the year ended March 31, 2026
We conducted our audit in accordance with the Standards on Auditing ("SA"s) specified under Section 143(10) of the Companies Act, 2013 (the "Act"). Our responsibilities under those Standards are further described in paragraph (a) of Auditor's Responsibilities section below. We are independent of the Group and its associate in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (the "ICAI") together with the ethical requirements that are relevant to our audit of the Consolidated Financial Results for the year ended March 31, 2026 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 ICAI's Code of Ethics. We believe that the audit evidence obtained by us and the audit evidence obtained by the other auditors in terms of their reports referred to in Other Matters section below, is sufficient and appropriate to provide a basis for our audit opinion.
Management's and Board of Directors' Responsibilities for the Statement
This Statement, which includes the Consolidated Financial Results is the responsibility of the Parent's Board of Directors and has been approved by them for the issuance. The Consolidated Financial Results for the year ended March 31, 2026, has been compiled from the related audited consolidated financial statements. This responsibility includes the preparation and presentation of the Consolidated Financial Results for the quarter and year ended March 31, 2026 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group including its associate in accordance with the recognition and measurement principles laid down in the Indian 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 and Regulation 52(4) of the LODR Regulations.
The respective Board of Directors of the companies included in the Group and its associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Group and its associate and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the respective financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of this Consolidated Financial Results by the Directors of the Parent, as aforesaid.
In preparing the Consolidated Financial Results, the respective Board of Directors of the companies included in the Group and its associate 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 and its associate are responsible for overseeing the financial reporting process of the Group and its associate.
CITY OF CHENNAI-17
Deloitte Haskins & Sells
Auditor's Responsibilities
(a) Audit of the Consolidated Financial Results for the year ended March 31, 2026
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results for the year ended March 31, 2026 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 this Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Annual 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, but not for the purpose of expressing an opinion on the effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 and Regulation 52(4) of the LODR Regulations.
- Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associates and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial Results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and its associates and joint ventures to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the Annual Consolidated Financial Results, including the disclosures, and whether the Annual Consolidated 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 LODR Regulations to the extent applicable.
CHENNAI-17
Deloitte Haskins & Sells
- Obtain sufficient appropriate audit evidence regarding the Annual Financial Information of the entities within the Group and its associate to express an opinion on the Annual Consolidated Financial Results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Annual Consolidated Financial Results of which we are the independent auditors. For the entities included in the Annual Consolidated Financial Results, which have been audited by the other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the Annual Consolidated Financial Results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Annual 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 Annual Consolidated Financial Results.
We communicate with those charged with governance of the Parent and such other entities included in the Consolidated Financial Results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings including any significant deficiencies in internal control that we identify during our audit.
We also provide 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.
(b) Review of the Consolidated Financial Results for the quarter ended March 31, 2026
We conducted our review of the Consolidated Financial Results for the quarter ended March 31, 2026 in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the ICAI. A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with SAs specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
The Statement includes the results of the entities as listed under paragraph (a)(i) of Opinion and Conclusion section above.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
CITY OF CHENNAI-17
Deloitte Haskins & Sells
Other Matters
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The Statement includes the results for the quarter ended March 31, 2026 being the balancing figure between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the current financial year which were subject to limited review by us. Our report is not modified in respect of this matter.
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We did not audit the financial information of three overseas step-down subsidiary included in the consolidated financial results, whose financial information reflect total assets of Rs. 4,573.18 Crores as at March 31, 2026 and total revenues of Rs. 2,821.67 Crores and Rs. 12,643.21 Crores for the quarter and year ended March 31, 2026 respectively, total net loss after tax of Rs. 29.80 Crores and Rs. 158.76 Crores for the quarter and year ended March 31, 2026 respectively and other comprehensive loss of Rs. 5.64 Crores and Rs. 46.93 Crores for the quarter and year ended March 31, 2026 respectively and net cash outflows of Rs. 124.40 Crores for the year ended March 31, 2026, as considered in the statement. The consolidated financial results also includes the group's share of loss after tax Rs. Nil and total other comprehensive loss of Rs. Nil for the quarter ended and year ended March 31, 2026, as considered in the statement, in respect of one associate, whose financial information have not been reviewed by us. These financial information have been audited by the other auditors whose reports have been furnished to us by the management and our conclusion on the statement in so far as it relates to the amounts and disclosures included in respect of these step down subsidiaries and associate, is based solely on the reports of other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above.
Our report on the statement is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors.
For Deloitte Haskins & Sells
Chartered Accountants
(Firm's Registration No. 008072S)
ANANTHI AMARNATH
Digitally signed by
ANANTHI AMARNATH
Date: 2026.05.13
18:12:07 +05'30'
Ananthi Amarnath
Partner
Membership No.209252
UDIN: 26209252LAQSVD8777
Place: Chennai
Date: May 13, 2026
Deloitte Haskins & Sells
Annexure I to the Independent Auditor's Review Report on Review of Unaudited Consolidated Financial Results
The unaudited consolidated financial results include results of the following entities:
| S.No. | Name of Entities | Relationship |
|---|---|---|
| 1 | Redington Limited | Parent |
| 2 | Redington International Mauritius Limited, Dubai, UAE | Direct Subsidiary |
| 3 | Redington Distribution Pte Ltd, Singapore | Direct Subsidiary |
| 4 | ProConnect Supply Chain Solutions Limited, India | Direct Subsidiary |
| 5 | Redserv Global Solutions Limited, India | Direct Subsidiary |
| 6 | ProConnect Holding Limited | Step-Down Subsidiary |
| 7 | Redserv Business Solutions Private Limited, India | Step-Down Subsidiary |
| 8 | Redington SL Private Limited, Sri Lanka | Step-Down Subsidiary |
| 9 | Redington Bangladesh Limited, Bangladesh | Step-Down Subsidiary |
| 10 | Redington Gulf FZE (RGF), Dubai, UAE | Step-Down Subsidiary |
| 11 | Redington Turkey Holdings SARL, Grand Duchy of Luxembourg | Step-Down Subsidiary |
| 12 | Arena International FZE, Dubai, UAE | Step-Down Subsidiary |
| 13 | Proconnect Supply Chain Logistics LLC, Dubai, UAE | Step-Down Subsidiary |
| 14 | Arena Bilgisayar Sanayi Ve Ticaret AS, Turkey | Step-Down Subsidiary |
| 15 | Redington Kenya Limited, Kenya | Step-Down Subsidiary |
| 16 | Redington Gulf & Co LLC, Oman | Step-Down Subsidiary |
| 17 | Cadensworth FZE, Dubai, UAE | Step-Down Subsidiary |
| 18 | Redington Egypt Ltd (Limited Liability Company), Egypt | Step-Down Subsidiary |
| 19 | Redington South Africa (Pty) Ltd, South Africa (formerly known as Ensure IT services (Pty) Ltd) | Step-Down Subsidiary |
| 20 | Ensure Services Arabia LLC, Kingdom of Saudi Arabia | Step-Down Subsidiary |
| 21 | Redington Middle East LLC, Dubai, UAE | Step-Down Subsidiary |
| 22 | Redington Limited, Ghana | Step-Down Subsidiary |
| 23 | Africa Joint Technical Services, Libya | Step-Down Subsidiary |
| 24 | Redington Uganda Limited, Uganda | Step-Down Subsidiary |
| 25 | Redington Rwanda Ltd., Rwanda | Step-Down Subsidiary |
| 26 | Cadensworth United Arab Emirates (LLC), Dubai, UAE | Step-Down Subsidiary |
| 27 | Redington Gulf FZE Co, Iraq | Step-Down Subsidiary |
| 28 | Redington Qatar WLL, Qatar | Step-Down Subsidiary |
| 29 | Redington Qatar Distribution WLL, Qatar | Step-Down Subsidiary |
| 30 | Redington Kazakhstan LLP, Kazakhstan | Step-Down Subsidiary |
| 31 | Redington Tanzania Limited, Tanzania | Step-Down Subsidiary |
C
Deloitte Haskins & Sells
| S.No. | Name of Entities | Relationship |
|---|---|---|
| 32 | Redington Morocco Ltd, Morocco | Step-Down Subsidiary |
| 33 | Redington Angola Ltd., Angola | Step-Down Subsidiary |
| 34 | Redington Senegal Limited SARL, Senegal | Step-Down Subsidiary |
| 35 | Redington Saudi Arabia Distribution Company, Saudi Arabia | Step-Down Subsidiary |
| 36 | Redington South Africa Distribution (PTY) Ltd, South Africa (formerly Ensure Technical Services (PTY) Ltd) | Step-Down Subsidiary |
| 37 | CDW International Trading FZCO, Dubai, UAE | Step-Down Subsidiary |
| 38 | RNDC Alliance West Africa Limited, Nigeria | Step-Down Subsidiary |
| 39 | Redington Turkey Teknoloji AS, Turkey (formerly known as Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret AS) | Step-Down Subsidiary |
| 40 | ProConnect Saudi LLC, Saudi Arabia | Step-Down Subsidiary |
| 41 | Redington Distribution Company, Egypt | Step-Down Subsidiary |
| 42 | Ensure Middle East Technology Solutions LLC, UAE | Step-Down Subsidiary |
| 43 | Arena Labs Teknoloji Çözümleri Anonim Şirketi (Formerly known as Online Elektronik Ticaret Hizmetleri AS) | Step-Down Subsidiary |
| 44 | Paynet (Kibris) Odeme Hizmetleri Limited, Cyprus | Step-Down Subsidiary |
| 45 | Redington Saudi for Trading, Saudi Arabia | Step-Down Subsidiary |
| 46 | Ensure Gulf FZE, Dubai, UAE | Step-Down Subsidiary |
| 47 | Redington Bahrain WLL, Bahrain | Step-Down Subsidiary |
| 48 | Redington Gulf FZE Jordan, Jordan | Step-Down Subsidiary |
| 49 | Arena Connect Teknoloji Sanayi Ve Ticaret A.S (formerly Brightstar Telekomunikasyon Dağıtım Ltd Sti, Turkey) | Step-Down Subsidiary |
| 50 | Redington Gulf Arabia for Information Technology | Step-Down Subsidiary |
| 51 | Redington Green Energy Limited, Kenya | Step-Down Subsidiary |
| 52 | Redington Kazakhstan Technology | Step-Down Subsidiary |
| 53 | Redington Malaysia Sdn Bhd | Step-Down Subsidiary |
| 54 | Proconnect Supply Chain Logistics, Qatar | Step-Down Subsidiary |
| 55 | Redington Azerbaijan Technology | Step-Down Subsidiary |
| 56 | Redington (India) Investments Limited, India | Associate |
| 57 | Currents Technology Retail (India) Limited, India | Subsidiary of Associate |
CHENAI-17