SESusan Electricals India544793Financial restatement

Company resubmits Sep 2026 results with revised Limited Review Report after BSE query

Company resubmitted its Sep 30, 2026 standalone results with a revised auditor's Limited Review Report.

By ScoutQuest · Wed 4 Nov 2026, 2:31 PM IST · 2 min read

Q2 FY26 Revenue from Operations

10,670.55 lakhs

Q2 FY26 Profit for the Period

676.22 lakhs

H1 FY26 Revenue from Operations

20,206.23 lakhs

What the update is about

• The exchange flagged a discrepancy in the Limited Review Report shared along with the unaudited standalone results for the quarter and half year ended September 30, 2026.
• The point raised was that the earlier report described the period as the quarter ended September 30, 2026 instead of the quarter and half year ended September 30, 2026.
• The company has resubmitted the same financial results together with a revised Independent Auditor's Limited Review Report dated November 4, 2026, issued in supersession of the earlier report dated November 2, 2026.

What the auditor says changed

• The revision was made solely to describe the reporting period correctly, covering the quarter and half year ended September 30, 2026 and the year-to-date results from April 1, 2026 to September 30, 2026.
• The auditor states there is no change in the conclusion or opinion expressed earlier.
• The conclusion reads that nothing came to the auditor's attention to suggest the statement fails to disclose required information or contains a material misstatement, and that the conclusion is not modified.

Key figures in the resubmitted results

• Revenue from operations for the quarter ended September 30, 2026: 10,670.55 lakhs; profit for the period: 676.22 lakhs.
• Revenue from operations for the half year ended September 30, 2026: 20,206.23 lakhs; profit for the period: 1,315.34 lakhs.
• Amounts are stated in INR lakhs, as printed in the statement.

Use of IPO proceeds

• Net proceeds received from the fresh issue of equity shares: 6,022.34 lakhs.
• Utilised up to September 30, 2026: 4,887.23 lakhs.
• Unutilised as at September 30, 2026: 1,135.11 lakhs, across capital expenditure for the existing manufacturing facility at Sahibabad, working capital, general corporate purpose and issue related expenses.

Other balance-sheet point

• Cash and bank balance includes 2,590.43 lakhs held under lien as security for cash credit/overdraft facilities and as margin money against bank guarantees; these amounts are treated as restricted and excluded from cash and cash equivalents.

How to read this

• The update deals with a correction in the description of the reporting period in the auditor's report, not with a change in the numbers or in the auditor's conclusion.
• The company has stated that it treats the discrepancy as complied with and has assured care to avoid such differences in future updates.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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