We hereby submit revised audited financial results along with auditor''s report for the half-year/year ended 31st March, 2026.
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 01 May 2026, 04:47 PM IST · BSE ID: 902bfd40-9249-495f-a95b-30bbcfc847e1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company resubmitted its annual profit report after correcting a tax calculation error from the previous day's filing.
🤖 AI Summary
- Revised audited FY26 results filed 1 May 2026, correcting deferred tax error in H2 FY26
- FY26 PAT: Rs. 1018.27 Lakhs; revenue from operations: Rs. 4082.24 Lakhs
- Cash and equivalents surged to Rs. 3278.24 Lakhs from Rs. 1106.67 Lakhs year-ago
- Error limited to deferred tax computation; all other metrics unchanged from 30 April filing
- Statutory auditors: M/s. Maloo Bhatt & Co.; board approved 30 April 2026
🔢 Key Numbers — exact figures from BSE filing, not rounded
PAT FY26
Rs. 1018.27 Lakhs
67%
Revenue from Operations FY26
Rs. 4082.24 Lakhs
24%
Cash and Cash Equivalents
Rs. 3278.24 Lakhs
196%
EPS (Basic & Diluted) FY26
Rs. 7.69
33%
Total Assets as at 31 March 2026
Rs. 6671.75 Lakhs
97%
🏢 How This Affects the Company
Deferred tax error correction adjusted H2 FY26 PAT, though full-year PAT of Rs. 1018.27 Lakhs remains as originally reported. Correction does not alter revenue, operational performance, or cash position disclosed.
Revision on consecutive days signals internal control gaps in tax calculation review procedures. Error was clerical but underscores need for enhanced validation before initial statutory filing.
👥 What This Means For Shareholders
✅
Action Required
No action required. Revised results remain available on BSE portal and company website per regulation.
👤
Who Is Affected
All shareholders holding equity as of 31 March 2026. Earnings per share confirmed at Rs. 7.69 (basic and diluted) for FY26, unchanged from earlier filing.
🔍
Management Signal
Management prioritized accuracy over timeline, resubmitting within 24 hours upon identification. Demonstrates responsiveness but reveals audit quality inconsistency requiring reinforcement.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — verify sustained revenue above Rs. 1000 Lakhs and margin stability
Board communication on deferred tax control strengthening measures to prevent restatements
Annual Report FY26 — detailed breakdown of exceptional item (plot sale gain of Rs. 123.95 Lakhs)
MEDIUM RISK
Restatement within 24 hours indicates audit control deficiency. However, error scope is narrow and numerical impact on full-year metrics is immaterial.
💡 Investor Takeaway
FY26 results confirmed: PAT Rs. 1018.27 Lakhs (67% growth), revenue Rs. 4082.24 Lakhs (24% growth), cash Rs. 3278.24 Lakhs. Revision corrected deferred tax classification only; all other metrics unchanged. Error was clerical, management remediated promptly.
⚖️ Strengths & Concerns
✅ Positives
- Cash position tripled to Rs. 3278.24 Lakhs from Rs. 1106.67 Lakhs, indicating strong operational liquidity generation.
- Full-year PAT growth of 67% to Rs. 1018.27 Lakhs with revenue increase of 24% demonstrates operational scaling.
⚠️ Concerns
- Deferred tax error requiring restatement within 24 hours indicates deficiency in audit and review procedures.
- Trade receivables declined sharply to Rs. 179.52 Lakhs from Rs. 662.35 Lakhs, signaling potential collection or working capital timing issues.
📅 Company Track Record
Past filing context (30 April 2026): FY26 PAT surged 67% to Rs. 1018.27 Lakhs; revenue up 24% to Rs. 4082.24 Lakhs; cash tripled to Rs. 3278.24 Lakhs. Current revision corrects deferred tax classification in H2 FY26 with no impact to these consolidated figures.
Based on publicly available historical data. For context only.