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Relic Technologies Ltd. Interim / Quarterly Report 2026
63549_rns_2026-05-23_8e9dda30-81f1-4a9f-b94d-564013cdda8a.pdf
Interim / Quarterly Report
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RELIC TECHNOLOGIES LIMITED
CIN: L46497MH1991PLC064323
Reg. Add.: 6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market,
Fort, Mumbai G.P.O., Mumbai - 400001
E-mail Id: [email protected] Tel No.: 022-22012231
To,
BSE Limited
The Department of Corporate Services
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai - 400001
May 23, 2026
Scrip Code: 511712
Sub: Outcome of Board Meeting held on May 23, 2026
Reference: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ("LODR")
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR"), we wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. May 23, 2026, inter alia, considered and approved following:
- The Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2026, along with the Auditors’ Report and declaration related to the Unmodified Opinion issued by the Statutory Auditors of the Company on the aforementioned Financial Results enclosed herewith as Annexure 1.
The Board Meeting commenced at 12.00 PM (IST) and concluded at 1.00 PM (IST). You are requested to take the same on record.
Thanking you,
For Relic Technologies Limited
Karthik Swaminathan Iyer
Executive Director
DIN: 08216928
Encl a/a:
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
Independent Auditor's Report on Audited Standalone Quarterly and Year to Date Financial Results of the Company Pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended
To The Board of Directors of Relic Technologies Limited
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone financial results of Relic Technologies Limited ("the Company") for the quarter and year ended 31st March 2026 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us these standalone 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 profit and other comprehensive income and other financial information for the quarter and year ended 31st March, 2026.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Standalone Financial Results
These quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim 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 profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting' prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058. Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
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 standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone 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 Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the 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 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.
102-Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058.
Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
- Evaluate the overall presentation, structure and content of the standalone 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.
Other Matters
The figures for the last quarter of the current and previous financial year are the balancing figures between audited figures in respect of the full financial years and the published year to date figures up to the end of third quarter of the current and previous financial year.
Figures relating to the previous financial year were subjected to limited review/audit by the predecessor auditor whose reports have been furnished to us and have been relied upon by us.
For D. Kothary & Co.
Chartered Accountants
(Firm Registration No. 105335W)
Mehul N. Patel
Partner
Membership No. 132650
UDIN: 26132650YNXKDQ9713
Place: Mumbai
Date: 23rd May, 2026
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058.
Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
RELIC TECHNOLOGIES LTD
6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market, Fort, Mumbai G.P.O., Mumbai 400001
CIN NO. L46497MH1991PLC064323
STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026.
(Rs. in Lakhs)
| Sr. No. | Particulars | Quarter ended | Year Ended | |||
|---|---|---|---|---|---|---|
| March 31, 2026 | ||||||
| Refer Note. 4 | December 31, 2025 | |||||
| Unaudited | March 31, 2025 | |||||
| Refer Note. 4 | March 31, 2026 | |||||
| Audited | March 31, 2025 | |||||
| Audited | ||||||
| I | Income | - | - | - | - | - |
| II | Revenue From operations | - | - | 15.50 | - | 166.32 |
| III | Other Income | 37.41 | 35.04 | 1.28 | 130.18 | 10.03 |
| IV | Total Income (I+II) | 37.41 | 35.04 | 16.78 | 130.18 | 176.35 |
| V | Expenses | |||||
| (a) Employee benefit expenses | 10.90 | 11.05 | 30.25 | 36.68 | 52.98 | |
| (b) Finance cost | 0.10 | 0.10 | 0.71 | 0.44 | 2.84 | |
| (c) Depreciation and amortisation expenses | 1.42 | 1.67 | 4.97 | 6.47 | 21.20 | |
| (d) Other expenses | 10.44 | 5.60 | 3.50 | 27.36 | 269.47 | |
| Total expenses (IV) | 22.87 | 18.43 | 39.43 | 70.95 | 346.49 | |
| V | Profit before exceptional items and tax (III - IV) | 14.55 | 16.61 | (22.64) | 59.23 | (170.13) |
| VI | Exceptional Items | - | - | - | - | - |
| VII | Profit after exceptional items and before tax (V+VI) | 14.55 | 16.61 | (22.64) | 59.23 | (170.13) |
| VIII | Tax expense | |||||
| - Current year | 4.40 | 0.42 | - | 4.82 | - | |
| - Deferred tax | 1.00 | (1.19) | 1.74 | 0.55 | 1.74 | |
| - Short / Excess Provisions | (0.34) | - | - | (0.34) | - | |
| Total Tax Expense | 5.06 | (0.77) | 1.74 | 5.03 | 1.74 | |
| IX | Net Profit for the period/year (VII - VIII) | 9.49 | 17.38 | (24.38) | 54.20 | (171.87) |
| X | Other Comprehensive Income/(Loss) | |||||
| Items that will not be reclassified to profit or loss | - | - | - | - | (2.31) | |
| Income tax effects on these items | - | - | - | - | - | |
| Total other comprehensive income/(loss), net of taxes | - | - | - | - | (2.31) | |
| XI | Total comprehensive income for the period (IX+X) | 9.49 | 17.38 | (24.38) | 54.20 | (174.18) |
| XII | Paid up equity share capital (Face value of `10 each) | 559.12 | 559.12 | 360.00 | 559.12 | 360.00 |
| XIII | Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet. | - | - | - | 1,568.23 | 642.85 |
| XIV | Earnings Per Share* | |||||
| (of `10 each) | ||||||
| (a) Basic (`) | 0.18 | 0.34 | (0.68) | 1.03 | (4.77) | |
| (b) Diluted (`) | 0.18 | 0.34 | (0.68) | 1.03 | (4.77) |
- (Not annualized for quarter ended March 31, 2026, December 31, 2025 and March 31, 2025.)
- (Annualized for year ended March 31, 2026 and year ended March 31, 2025.)
Notes:
- The above audited results have been reviewed by the Audit Committee and approved in the meeting of Board of Directors held on 23rd May, 2026 and Statutory Auditors of the Company have carried out audit of the same.
- Previous periods' figures have been regrouped and reclassified wherever necessary for the purpose of comparison.
- The Company is engaged in single business segment.
- The statement includes the results for the quarter ended 31st March 2026 being the balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the nine months of the current financial year which were subject to limited review by Statutory Auditors.
For and on behalf of the Board of Directors of
RELIC TECHNOLOGIES LTD
Karthik Iyer
Executive Director
DIN: 08216928
Place: Mumbai
Date: 23rd May, 2026
RELIC TECHNOLOGIES LTD
6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market, Fort, Mumbai G.P.O., Mumbai 400001
CIN NO. L46497MH1991PLC064323
STATEMENT OF STANDALONE ASSETS AND LIABILITIES
(Rs In Lakhs)
| Sr. No. | Particulars | As at March 31, 2026 Audited | As at March 31, 2025 Audited |
|---|---|---|---|
| I. | ASSETS | ||
| (1) | Non - current assets | ||
| (a) Property, plant and equipment | 9.90 | 16.26 | |
| (b) Financial assets | |||
| (i) Investments | 2.20 | 2.20 | |
| (ii) Others | 70.76 | 26.72 | |
| (c) Deferred tax assets (net) | 5.75 | 6.30 | |
| 88.60 | 51.48 | ||
| (2) | Current assets | ||
| (a) Financial assets | |||
| (i) Investments | 1,233.25 | - | |
| (ii) Trade receivables | - | - | |
| (iii) Cash and cash equivalents | 38.48 | 703.76 | |
| (iv) Loans | 764.04 | 202.97 | |
| (v) Other Financial Assets | 3.10 | 51.00 | |
| (b) Current Tax Asset | 2.04 | 0.95 | |
| (c) Other current assets | 5.67 | 2.96 | |
| 2,046.59 | 961.64 | ||
| TOTAL ASSETS | 2,135.19 | 1,013.12 | |
| II. | Equity and liabilities | ||
| (1) | Equity | ||
| (a) Equity share capital | 559.12 | 360.00 | |
| (b) Other equity | 1,568.23 | 642.85 | |
| 2,127.35 | 1,002.85 | ||
| (2) | Liabilities | ||
| (I) Non - current liabilities | - | - | |
| (II) Current liabilities | |||
| (a) Other current liabilities | 1.46 | 9.09 | |
| (b) Provisions | 6.39 | 1.18 | |
| (d) Current tax liabilities (net) | - | - | |
| 7.84 | 10.27 | ||
| TOTAL EQUITY AND LIABILITIES | 2,135.19 | 1,013.12 |
For and on behalf of the Board of Directors
Relic Technologies Limited
Karthik Iyer
Executive Director
DIN: 08216928
Place: Mumbai
Date: 23rd May, 2026
| RELIC TECHNOLOGIES LIMITED
6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market, Fort, Mumbai G.P.O., Mumbai 400001
CIN NO. 146497MH1991PLC064323 | | |
| --- | --- | --- |
| STANDALONE STATEMENT OF CASHFLOW
(Rs in Lakhs) | | |
| Particulars | Year Ended | |
| | 31st March,2026
Audited | 31st March,2025
Audited |
| A Cash Flow from Operating Activities | | |
| Net Profit/ (Loss) Before Tax | 59.23 | (170.13) |
| Adjustments : | | |
| Depreciation and Amortisation Expenses | 6.47 | 21.20 |
| Impairment | - | 126.50 |
| Unrealised gain on Investments | (34.93) | - |
| Interest on Loans & Advances | (56.37) | (6.69) |
| Interest on Fixed Deposits | (13.42) | - |
| Other Interest | (0.15) | - |
| Dividend Received | (0.00) | (0.04) |
| Interest Expenses | 0.44 | 2.56 |
| Loss on Sale of asset | - | 8.10 |
| Short term Capital Gains on Investments | (25.13) | - |
| Other Income | (0.02) | (6.75) |
| Operating Profit before Working Capital Changes | (63.88) | (25.26) |
| Movements in Working Capital | | |
| Decrease/ (Increase) in Financial Assets Current and Non Current | (1711.50) | (193.48) |
| Decrease/ (Increase) in Other Assets Current and Non Current | (2.72) | 12.46 |
| Decrease/ (Increase) in Trade Receivables | - | 6.71 |
| Increase/ (Decrease) in Trade Payables | - | - |
| Increase/ (Decrease) in Financial liabilities Current and non current | - | - |
| Increase/ (Decrease) in Provisions Current and Non current | 5.21 | 0.12 |
| Increase/ (Decrease) in Other liabilities Current and Non Current | (7.63) | (4.40) |
| Cash Generated from Operations Activities | (1780.52) | (203.85) |
| Income taxes paid (net of refunds) | (5.57) | 0.18 |
| Net Cash Generated from Operating Activities (A) | (1786.09) | (203.67) |
| B Cash Flow from Investing Activities | | |
| Purchase of Property, Plant and Equipment | (0.11) | (1.79) |
| Increase in Fixed Deposits | (44.03) | 153.57 |
| (Purchase)/ Sale of Investments (net) | - | (0.69) |
| Interest on Fixed Deposits | 13.42 | - |
| Other Interest | 0.15 | - |
| Other Income | 0.02 | - |
| Short Term Capital Gain on Investments | 25.13 | - |
| Dividend Received | 0.00 | 0.04 |
| Interest on Loans & Advances | 56.37 | 6.69 |
| Net Cash Generated from Investing Activities (B) | 50.95 | 157.81 |
| C Cash Flow from Financing Activities | | |
| (Repayment)/Proceed of borrowings from financial institutions/Others | - | (6.08) |
| Issue of Equity Shares at Premium and Share application | 1070.30 | 622.19 |
| Interest Paid | (0.44) | (2.56) |
| Net Cash Used in from Financing Activities (C) | 1069.86 | 613.55 |
| Net Increase In Cash and Cash Equivalents (A+B+C) | (665.28) | 567.69 |
| Cash and Cash Equivalents at beginning of year | 703.76 | 136.07 |
| Cash and Cash Equivalents at end of year | 38.48 | 703.76 |
For and on behalf of the Board of Directors
Relic Technologies Limited
Karthik Iyer
Executive Director
DIN: 08216928
Place: Mumbai
Date: 23rd May, 2026
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
Independent Auditors' Report on Consolidated Quarterly and Year to Date Financial Results of the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)
To The Board of Directors of Relic Technologies Limited
Report on the Audit of the Consolidated Financial Results
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of Relic Technologies Limited (“the Parent” or “the Company”) and its subsidiary (the Parent Company and its subsidiary together referred to as “the Group”) for the quarter and year ended March 31, 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended) (“the Listing Regulations”).
In our opinion and to the best of our information and according to the explanations given to us, the Statement:
a. includes the results of the following subsidiary:
- Relic Pharma Limited
- Truhealthy Wellness Private Limited
b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and
c. gives a true and fair view, in conformity with Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”) prescribed under Section 133 of the Companies Act 2013 (the “Act”) read with relevant rules issued thereunder the applicable accounting standards, and other accounting principles generally accepted in India of the consolidated net loss and consolidated total comprehensive income and other financial information of the Group 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 (the Act). Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these 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 opinion.
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058. Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
Management's Responsibilities for the Consolidated Financial Results
These quarterly financial results as well as the year to date consolidated financial results have been prepared on the basis of the interim financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the consolidated financial results that give a true and fair view of the net profit or loss and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the 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 the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are responsible for overseeing the financial reporting process of the Group.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058. Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
-
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group 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 to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors.
We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial results of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide 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.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
a. The accompanying Statement includes the audited financial result and other financial information, in respect of subsidiaries, whose financial result include total assets of Rs 259.33 lakhs as at March 31, 2026, total revenues of Rs. 28.44 lakhs and Rs. 211.27 lakhs, total net profit/(loss) after tax of Rs.
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058. Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
CA
INDIA
D. KOTHARY & CO.
Chartered Accountants
(303.19) lakhs and Rs. (748.69) lakhs, total comprehensive income/(loss) of Rs. (302.69) lakhs and Rs. (747.14) lakhs, for the quarter and year ended on that date respectively, and net cash inflows of Rs. 25.54 lakhs for the year ended March 31, 2026, as considered in the Statement which have been audited by us.
Our opinion on the consolidated financial results is not modified in respect of the above matters with respect to the financial results and other financial information.
b. The figures for the last quarter of the current and previous financial year are the balancing figures between audited figures in respect of the full financial years and the published year to date figures up to the end of third quarter of the current and previous financial year.
Figures relating to the previous financial year were subjected to limited review/audit by the predecessor auditor whose reports have been furnished to us and have been relied upon by us except for Truhealthy Wellness Private Limited which had been reviewed/audited by us.
For D. Kothary & Co.
Chartered Accountants
(Firm Registration No. 105335W)
Mehai N. Patel
Partner
Membership No. 132650
UDIN: 26132650G1DJZG1Z2038
Place: Mumbai
Date: 23rd May, 2026
102- Ameya House, Next to Azad Nagar Metro Station, Above Standard Chartered Bank, Andheri (W), Mumbai - 400 058.
Tel (B): +91 22 6865 1155 / 1166 / 1111 • E-mail: [email protected] • Website : www.dkothary.com
| RELIC TECHNOLOGIES LTD
6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market, Fort, Mumbai G.P.O., Mumbai 400001
CIN NO. 146497MH1991PLC064323 | | | | | | |
| --- | --- | --- | --- | --- | --- | --- |
| STATEMENT OF CONSOLIDATED AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026
(₹ In Lakhs) | | | | | | |
| Sr. No. | Particulars | Quarter ended | | | Year Ended | |
| | | March 31, 2026
(Refer Note.5) | December 31, 2025
Unaudited | March 31, 2025
(Refer Note.5) | March 31, 2026
Audited | March 31, 2025
Audited |
| I | Income | 47.01 | 32.16 | 46.77 | 267.08 | 197.59 |
| II | Revenue From operations | 18.84 | 17.72 | (1.83) | 74.37 | 6.92 |
| III | Other Income | 65.85 | 49.88 | 44.94 | 341.45 | 204.51 |
| IV | Total Income (I+II) | | | | | |
| | Expenses | | | | | |
| | (a) Purchases of stock-in-trade | | 18.11 | 45.90 | 117.34 | 45.90 |
| | (b) Changes in inventories | 19.56 | (4.44) | (28.30) | (11.19) | (28.30) |
| | (c) Employee benefit expenses | 95.77 | 125.62 | 42.88 | 429.14 | 65.61 |
| | (d) Finance cost | 2.28 | 2.40 | 4.93 | 9.81 | 7.06 |
| | (e) Depreciation and amortisation expenses | 7.69 | 7.73 | 13.48 | 30.66 | 29.71 |
| | (f) Other expenses | 27.85 | 56.63 | 16.97 | 222.61 | 231.53 |
| | Total expenses (IV) | 153.14 | 206.04 | 95.86 | 798.37 | 351.51 |
| V | Profit before exceptional items and tax (III - IV) | (87.28) | (156.16) | (50.92) | (456.92) | (147.00) |
| VI | Exceptional Items | - | - | - | 232.12 | - |
| VII | Profit after exceptional items and before tax (V+VI) | (87.28) | (156.16) | (50.92) | (689.04) | (147.00) |
| VIII | Tax expense | | | | | |
| | - Current year | 4.40 | 0.42 | - | 4.82 | - |
| | - Deferred tax | 202.35 | (108.91) | 1.74 | 0.97 | 1.74 |
| | - Short / Excess Provisions | (0.34) | - | - | (0.34) | - |
| | Total Tax Expense | 206.41 | (108.49) | 1.74 | 5.45 | 1.74 |
| IX | Net Profit for the period/year (VII - VIII) | (293.70) | (47.67) | (52.66) | (694.49) | (148.74) |
| X | Other Comprehensive Income/(Loss) | | | | | |
| | Items that will not be reclassified to profit or loss | 0.69 | 1.41 | (2.31) | 2.10 | (2.31) |
| | Income tax effect on these items | (0.19) | (0.36) | - | (0.55) | - |
| | Other comprehensive income for the year | 0.50 | 1.06 | (2.31) | 1.55 | (2.31) |
| XI | Total comprehensive income for the period (IX+X) | (293.20) | (46.62) | (54.97) | (692.94) | (151.05) |
| | Profit/(Loss) attributable to: | | | | | |
| | - Owners of the Parent | (201.23) | (27.83) | (44.04) | (536.92) | (140.11) |
| | - Non Controlling Interest | (92.47) | (19.84) | (8.63) | (157.57) | (8.63) |
| | Other Comprehensive Income attributable to: | | | | | |
| | - Owners of the Parent | 0.35 | 0.73 | (2.31) | 1.08 | (2.31) |
| | - Non Controlling Interest | 0.15 | 0.32 | - | 0.47 | - |
| | Total Comprehensive Income attributable to: | | | | | |
| | - Owners of the Parent | (200.88) | (27.10) | (46.35) | (535.84) | (142.43) |
| | - Non Controlling Interest | (92.32) | (19.52) | (8.63) | (157.10) | (8.63) |
| XII | Paid up equity share capital (Face value of 10 each) | 559.12 | 559.12 | 360.00 | 559.12 | 360.00 |
| XIII | Reserves (excluding Revaluation Reserve) as shown in the Audited Balance Sheet. | - | - | - | 959.49 | 624.14 |
| XIV | Earnings Per Share * | | | | | |
| | (of10 each) | | | | | |
| | (a) Basic () | (5.58) | (0.92) | (1.46) | (13.19) | (4.13) |
| | (b) Diluted () | (5.58) | (0.92) | (1.46) | (13.19) | (4.13) |
- (Not annualized for quarter ended March 31, 2026, December 31, 2025 and March 31, 2025.)
- (Annualized for year ended March 31, 2026 and March 31, 2025)
Notes:
- The above audited results have been reviewed by the Audit Committee and approved in the meeting of Board of Directors held on 23rd May, 2026 and Statutory auditors of the company have carried out audit of the same.
- The company has reversed the Deferred tax assets created on carried forward losses during the quarter ended March 31, 2026.
- Previous periods' figures have been regrouped and reclassified wherever necessary for the purpose of comparison.
- The company is engaged in single business segment.
- The statement includes the results for the quarter ended 31st March 2026 being the balancing figure between audited figures in respect of the full financial year and the published unaudited year to date figures up to the nine months of the current financial year which were subject to limited review by Statutory Auditors.
For and on behalf of the Board of Directors of
RELIC TECHNOLOGIES LTD
Karthik Iyer
Executive Director
DIN: 08216928
Place: Mumbai
Date: 23rd May 2026
RELIC TECHNOLOGIES LTD
6, Floor-Grd, Plot-79, Himalaya House, Ramabai Ambedkar Marg, Crawford Market, Fort, Mumbai G.P.O., Mumbai 400001
CIN NO. L46497MH1991PLC064323
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
| Sr. No. | Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|---|
| I. | ASSETS | ||
| (1) | Non - current assets | ||
| (a) Property, plant and equipment | 11.79 | 16.26 | |
| (b) Goodwill | - | 232.12 | |
| (c) Right-of-use assets | 73.14 | 94.79 | |
| (d) Intangible assets | 17.76 | 10.00 | |
| (e) Financial assets | |||
| (i) Investments | 1.50 | 1.50 | |
| (ii) Others | 79.97 | 34.38 | |
| (f) Deferred tax assets (net) | 4.73 | 6.24 | |
| 188.89 | 395.29 | ||
| (2) | Current assets | ||
| (a) Inventories | 52.82 | 41.63 | |
| (b) Financial assets | |||
| (i) Investments | 1,238.48 | - | |
| (ii) Trade receivables | 70.11 | 38.28 | |
| (iii) Cash and cash equivalents | 70.05 | 709.79 | |
| (iv) Bank balances other than (iii) above | - | - | |
| (v) Loans | - | - | |
| (c) Current Tax Asset | 2.04 | 0.95 | |
| (d) Other current assets | 7.40 | 16.01 | |
| 1,440.90 | 858.78 | ||
| TOTAL ASSETS | 1,629.79 | 1,254.07 | |
| II. | Equity and liabilities | ||
| (1) | (i)Equity | ||
| (a) Equity share capital | 559.12 | 360.00 | |
| (b) Other equity | 959.49 | 624.14 | |
| 1,518.61 | 984.14 | ||
| (II)Non Controlling Interest | (267.22) | (110.12) | |
| 1,251.39 | 874.03 | ||
| (2) | Liabilities | ||
| (i) Non - current liabilities | |||
| (a) Financial liabilities | |||
| (i) Borrowings | - | - | |
| (ii) Lease Liabilities | 60.48 | 86.93 | |
| (b) Provisions | 10.44 | 1.29 | |
| (c) Deferred tax liability (net) | - | - | |
| 70.93 | 88.23 | ||
| (II) Current liabilities | |||
| (a) Financial liabilities | |||
| (i) Borrowings | 150.50 | 150.50 | |
| (ii) Lease Liabilities | 18.99 | 8.33 | |
| (iii) Trade payables | |||
| (a) Total outstanding dues of the Micro, Small Enterprises | - | - | |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 52.08 | 18.02 | |
| (iv) Other financial liabilities | 40.27 | 98.04 | |
| (b) Other current liabilities | 29.83 | 15.30 | |
| (c) Provisions | 15.80 | 1.64 | |
| 307.47 | 291.82 | ||
| TOTAL EQUITY AND LIABILITIES | 1,629.79 | 1,254.07 |
For and on behalf of the Board of Directors of
RELIC TECHNOLOGIES LTD
Place: Mumbai
Date: 23rd May 2026
Karthik Iyer
Executive Director
DIN: 08216928
STATEMENT OF CONSOLIDATED CASH FLOW
(₹ In Lakhs)
| Particulars | As at 31st March, 2026 | As at 31st March, 2025 |
|---|---|---|
| A] Cash Flow from Operating Activities | ||
| Net profit before tax | (689.04) | (147.00) |
| Adjustments for : | ||
| Depreciation and Amortisation Expenses | 30.66 | 29.71 |
| Impairment | - | 26.50 |
| Amortisation of Goodwill | 232.12 | - |
| Unrealised gain on investments | (34.93) | - |
| Interest income on Fixed Deposits | (13.98) | - |
| Other Interest | (0.15) | (3.57) |
| Dividend Received | (0.00) | (0.04) |
| Interest Expenses | 9.81 | 6.80 |
| Short term capital gains on Investments | (25.13) | - |
| Loss on sale of asset | - | 8.10 |
| Other Income | (0.02) | (6.75) |
| Remeasurement Gains on defined benefit obligations | 2.10 | - |
| Operating profit before working capital changes | (488.56) | (86.27) |
| Movements in Working Capital | ||
| Decrease/ (Increase) in Non Current and Current Financial Assets | (1,147.46) | 43.90 |
| Decrease/ (Increase) in other Non Current and current Assets | 7.60 | (28.30) |
| Decrease/ (Increase) in Trade Receivables | (31.82) | - |
| Increase/ (Decrease) in Trade Payables | 39.05 | 3.55 |
| Increase/ (Decrease) in Current and non current Financial liabilities | (76.53) | 6.49 |
| Increase/ (Decrease) in Current and Non current Provisions | 23.32 | 5.91 |
| Increase/ (Decrease) in Current and Non Current Other liabilities | 9.54 | 7.31 |
| Decrease/ (Increase) in Inventories | (11.19) | (5.77) |
| (1,187.49) | 33.08 | |
| Cash Generated from Operations Activities | (1,676.05) | (53.18) |
| Income taxes paid (net of refunds) | (5.57) | 0.18 |
| Net Cash Generated from Operating Activities [A] | (1,681.62) | (53.01) |
| B] Cash Flow from Investing Activities | ||
| Purchase of Property, Plant and Equipment and Intangibles | (12.31) | (11.79) |
| Increase in Fixed Deposits | (45.59) | 153.57 |
| Short term Capital Gain | 25.13 | - |
| Other Income | 0.02 | (0.69) |
| Dividend Received | 0.00 | 0.04 |
| Interest Received | 14.13 | 3.57 |
| Net Cash Generated from Investing Activities [B] | (18.62) | 144.70 |
| C] Cash Flow from Financing Activities | ||
| (Repayment)/Proceed of borrowings from financial institutions/Others | - | (156.08) |
| Issue of Equity Shares at Premium and Share application | 1,070.30 | 622.19 |
| Interest Paid | (9.81) | (6.80) |
| Net Cash Used in from Financing Activities | 1,060.49 | 459.31 |
| Net Increase In Cash and Cash Equivalents [A+B+C] | (639.74) | 551.00 |
| Cash and Cash Equivalents at beginning of year | 709.79 | 137.16 |
| Cash Balance of Subsidiary | - | 21.63 |
| Cash and Cash Equivalents at end of year | 70.05 | 709.79 |
For and on behalf of the Board of Directors of RELIC TECHNOLOGIES LTD
Karthik Iyer
Executive Director
DIN: 08216928
Place: Mumbai
Date: 23rd May 2026