Legible copy of audited Q4 and FY26 results refiled after BSE query

After a BSE query dated Sep 25, 2026 that figures in the Sep 21 update were unclear, the company refiled a legible copy of its audited standalone and consolidated results for Q4 and FY ended Mar 31, 2026.

Sat 26 Sep 2026

Standalone FY26 Total Income

Rs 152,981.01 Lakhs

Standalone FY26 Profit Before Tax

Rs 1,300.25 Lakhs

Consolidated FY26 Total Income

Rs 508,434.83 Lakhs

Consolidated FY26 Profit After Tax

Rs 18,506.13 Lakhs

GST Show Cause Notice Demand

Approximately Rs 221.89 Crore tax, Rs 129.18 Crore interest and penalty

What was shared

BSE queried on September 25, 2026 that the figures in the results shared on September 21, 2026 were not clear. The company has now submitted a clear, legible scanned copy of the standalone and consolidated audited results for the quarter and year ended March 31, 2026.

Standalone numbers (Rs in Lakhs)

• Q4 total income from operations 32,170.24 versus 12,122.28 in Q4 of the previous year
• Q4 loss before tax (4,441.81); loss for the period (3,703.38)
• FY26 total income from operations 152,981.01 versus 30,002.08
• FY26 profit before tax 1,300.25 versus 3,213.17; profit for the year 1,308.63
• FY26 basic EPS 0.08 versus 0.81; Q4 EPS (0.23)
• Total assets 62,756.55; total equity and liabilities 62,756.55

Consolidated numbers (Rs in Lakhs)

• Q4 total income 188,138.22; Q4 loss before tax (9,656.09)
• FY26 total income 508,434.83 versus 55,136.20
• FY26 profit before tax 19,598.34; profit for the year 18,506.13
• FY26 basic EPS 1.16 versus 1.75
• Total assets 196,345.22

Restatement disclosed

During the statutory audit it was identified that the unaudited consolidated results for the quarters ended 30 September 2025 and 31 December 2025 inadvertently included revenue and expenses of two subsidiaries for pre-acquisition periods. Total income was overstated by 228,523.92 and 228,588.53 for the year-to-date periods, with impact on profit after tax of 5,105.63 and 4,105.52 respectively. Revised consolidated results were approved by the Board on 21 September 2026.

Legal and regulatory matters in the notes

• A Directorate General of GST Intelligence, Lucknow Zonal Unit show cause notice dated April 07, 2026 proposes demands towards tax of approximately 221.89 Crore, interest and penalty of approximately 129.18 Crore and recovery of approximately 91.22 Crore of refund. The financial impact remains contingent on adjudication.
• A separate DGGI Nagpur show cause notice dated 09 May 2025 on input tax credit remains pending adjudication.
• FDA Nashik inspection on January 09, 2026: inventories of tobacco products of Rs. 906.25 Lakhs and packing and sealing machines with a carrying value of Rs. 123.02 Lakhs were seized; the matter is under review and management believes no financial adjustment is required at present.
• SEBI passed an ex-parte interim order dated 30 March 2026 on matters concerning changes in shareholding pattern and movement in the market price of the securities, and has appointed a forensic auditor. Proceedings remain pending.
• Litigation with Advik Capital Limited is pending before the Delhi High Court and NCLT; the company is contesting and says the underlying transactions are not accounted in its books.
• During April 2026 vacancies arose in the offices of certain Independent Directors, the Chief Financial Officer and the Company Secretary, resulting in temporary non-compliance; appointments have since been made and the Board and committees reconstituted.

Segments

FY26 standalone revenue splits into Tobacco Products 39,079.97 and FMCG Products 113,836.79.

What it means for investors

The refiling itself does not change any figure; it makes the earlier submission readable. The substance for investors lies in the results and notes: a full-year profit at both standalone and consolidated levels alongside a loss-making fourth quarter, a prior-period consolidation error that was corrected, and multiple pending tax, securities-regulator and food-safety proceedings whose outcomes are stated to be undetermined.

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