Oorspronkelijke tekst
Deze vertaling beoordelen
Je feedback wordt gebruikt om Google Translate te verbeteren
Home
Suzlon Energy Ltd
Suzlon Energy : FOURTH QUARTER 31st March 2026 Results
Published 4m ago
3 min read

Suzlon Energy : FOURTH QUARTER 31st March 2026 Results

CIN : L401 OOGJ1995PLC025447

"SUZLON", 5, SHRIMALT SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA. AHMEDABAD—380009

STATES ENT OF AUDUED COC 6OWDATED FZNANC y AL REMULTI FOR TfdE QUARTBR AND YEAR ENDSD NARCN 3y, 2026

quarter ended vearende0

March 3t, December 3:t, march 3 y, f'4a+”ch 3:I,

2026

(refer note £8J tUnauGite6) (refer note :t2) (A udited)

Income

  1. Revenue Trem operatiosa S,#68.O6

  2. Other operating income 25. 19

  3. Other income 27. 40

TotaI income s,szo.ss

Expenses

  1. Consumption of raw materiais, components consumed and services rendered 3,626 .97 o} Pure:h ase of stock- in-rrade

c) CUanges in inveutor*es of finismed g oods, semi-finished g oods and work- in- progress i79.2?

d ) Fmployee benefits expense Z62.99

e) Finance cost l3Kl6

) Depreciation and amortisation expense 92.98

  1. Foreign exert ange Ioss / (gain) ?6.89

  2. Other expenses JJ4.?O

Total expenses

Profit berore exceptional items and cx (:t -2} 2’63. 24

Esceptional items loss / (gain) (refer note 3) (70.00)

033 24

Tax expanses

  1. Current rax 3.21

  2. Deferred tax (284.32)

Net pro€rt after cx (5 - 6)

Sbare of proFit/ (loss) of associate and joint ventures

Net profit ter the period (z + s)

Other comprehensive income/ (loss), net o f fax

  1. items thar will nor be reclassified to profit and loss A .B7

  2. items tnat win) be reciassifed to profit and Toss (0. 10)

Total comprehensive income, net of tax (9+ yO)

New profit for the penod auributable to:

Owners of the Company 1, 114.35

Non-controlling interest

Other comprehensive income/ (loss) for the penod ato ibutable to:

Owners of rhe Company 4.77

Non-controiling interest

Total comprehensive income for the period attributable to:

Owners o f the Company 1,119.12

Non-controlling interest

Paid up equify snare capitai (Face value of 7 2/- each) 2,744.99

Other equiLy (excluding revaluation reserve)

Earnings per equity share (EPS) (”not annuaTised)

  • Basic ( 7) •O.8

  • Diluted (y) •O.81

T 6. 40

3S.2S

2,470.4 5

(ZS.68) 238.28

84.72

92.75

(30.94)

444.37

( 28.99)

(600.76 )

i, ieo.sa

1, $80.98

8.27

(30.8 z)

i,›sa.44

T,182.22

(1. 24)

(22. S4}

*0.87

*0.86

'4, 2Z8. 18

16,6 Z9. z

I 0,8SJ .32

7.91

52.73

38. 42

2z.Hz

109. 94

i 03.39

4,250.61

3, 01 f. 66

(238.99,

(630. 86)

( 2S2.57]

?92.13

1,100.47

94 z .53

114.26

462. 16

254.80

80.00

318.45

2S9. j 9

2.65

39.81

30. 38

44S.66

1,766. 46

1,234. 76

see.zs

sse.zs

(70. 00)

2.30

7.56

14.42

119.1 7

(749.23)

2,0yI.63

10

(0.49)

1.07

6.A

C9.7?/

0.47

6.94

44S.26

3,:t7X.40

i2

445. 28

3,163.39

Z, 07 J. 63

(0.02)

8.01

446 .26

3,171.40

2, 04g.y

2,744.99

2,73i. 79

14

6,7 z8.S3

“0.32

2.3t

I .S2

”0.32

2.3E

1. S1

1 of 7

CIN : L40100GJ1995PLC025447

"SUZLON”. 5, SHRtMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009

srazegeuzoF au ozzEo WANDALONE FZNAL cZAL RESULTS FOR THE QUAITEM AND YEAR ENDED Eja ec u 3s, 2026

t < n crores

Quarter ended Year enaed

Harcti 3i, oecember 31, March 31, search 34,

2026 2025 zozs 2026

trefer note :12) t0naudited) trefer note 12) (Audited)

Sncome

a} Revenue from operations

4,944. 49

3,788.y9

7.09

Z9.t0

3,824.98

2,880.4 7

20B.43

103. 03

q7. 41

13. 12

34 4.19

21.88

son.ao

119.83

2 2.47

(i.z‹)

28y.23

2,744.5

’0.21

'0Ji

3,561 .32

15 053. S8

1 0, 161.60

  1. Otner operating income

  2. Other income

Total income

22.96

67. 90

s,oas.as

1 S. 54

28.80

3,605.66

36. 1 2

102. 31

io,aoo.oa

  1. Consumption pf raw material s, components consumed and services rendered

3, 2S9.06

I 0,590.21

6,986.89

b) Purchase of stock-in-trade

c) Changes in inventories o f finished goods, semi-finished goods and work- in- progress

188. 38

(q2. b6,

(482. 72)

d) Employee benefits expense

168. 60

i 94. 10

767.96

79 J. 7 S

e) F-inance cost

122. S2

78.66

417.74

228.86

f) Depreciation and amonisation expense

60. 23

46. 10

1B9.66

166. 85

g) Foreign exchange loss / (gain)

( 18.68)

7. 77

54.38

I S.40

h) Other expenses

401. S3

362.70

1,339.90

1, 008.69

Total expenses

4,I Bt. 54

3,O95.03

Profit before exception aI items and tax (:t-2) Exceptional items loss / (gain) (refer nore 3)

853.8 T

(T,240.4 2)

5 T 0.63

(30.4S)

(1,178.40)

(I 02.86

Profit before tax (3 - 4)

2,094. 23

541.as

i, 473.72

Tax expenses

a) Current tax

(33.27)

7.05

b) Deferred tax

( 100.36}

(S99.9t)

(564. 06)

I 63B.0 S)

Other comprehensive income/ (loss), net of tax

a) items that will not be reclassified to profit and Toss

2,194.59

t, ty4.76

7.57

1.34

5.98

b) items that will be reclassifed to profit and loss

9

z 0

Total comprehensive income, net of tax (2’ + 8)

Paid up equity share capitaI (Face vaiue of 7 2/- each)

2, i 99. 9t

2,74# .99

2,731.79

2,744.99

2,73! .79

2,797.21

7,082. 76

11

Other equiLy (excluding revaluario n reserve)

12

Earnings per eguiLy share (EPS) (”not annualised)

- Basic (Y}

z.60

*0.86

3.00

‘0.86

3. 00

1.S4

- Dilu ted (7)

z.60

z or 7

aozes•  

CIN- L40100GJ1995PLC025447

"SUZLON™. 5, SHRTMALI SOCIETY. NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD-380009

The above resuiLs have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting heid on Nay 25, Z026. The sta futory auditors of the Company have carried out an audit of the above results for the year ended March 31, 2026. The Auditors' conclusion on quarterly financial results and opinion on year to date financial results of the Company (standalone and consolidated) dated f4ay 25, 2026 is unmodified.

z The Securities Issue Committee of rhe Board of Directors of the Company approved allotment of equity shares of the Company in dematerJalised form having a face value of Z 2/ - for cash at a premium to the option grantees, pursuant to exercise of the options granted fo the eligible employees of the Company and irs subsidiaries in terms of the Employee Stock Options Plan 2022 (EOOP 2022) during the guarter as under:

  1. Approved allotment of 5,53,250 epuiry shares aggregating to 7 27,66,250/- on January 08, 20Z6 (Grant 1 g Z 5/- per share).

  2. Approved allotment of 2,000 equity snares aggregating to T 60,000/- on January 08, 2026 (Grant z § Y 30/- per share).

  3. Approved allotment of 6,50,000 equity shares aggregating to Z 32,50,000/- on February t3, 2026 (Grant 1 g T 5/- per share);

  4. Approved alioLmen t o f 10,70, 000 equiry shares aggregaring to T 3,2 T,00,000/ - on February z3, 20 Z6 (Grant 2 g 7 30/- per share) ;

  5. Approved allotment of 72,000 equity shares aggregating to P 3,60,000/- on March IT, 2026 (Grant j § 7 5/- per share):

  6. Approved allotment of 5,000 equity shares aggregating to 7 I, 50,000/— on Narch z T, Z026 (Grant z e z0/ per share);

  7. Approved allotment of 2,44,500 equity shares aggregarinp to 7 12,22,5007- on April 13, 2026 (Granr z § T S/- per sfiare);

  8. Approved allotment of s,zz,S00 equity shares aggregating tQ Y 99,00,000/- on April E3, 2026 (Grant 3 §f 24/- per sfiare);

  9. Approved allotment of 1.Z0,000 equity shares aggregating to 7 6,00,000/- on I’4ay 13, 2026 (Grar+t i § Z 5/- per share):

  10. Approved alioLmen£ o f 75, 000 equ+/ shares aggregating to T 7z,50,000/- on Nay :13, 2026 (Grant 2 @ 7 30/- per share).

Exceptional items include:

Quamer enoea

vearender

20 26

(eCe note iz)

December 3:t,

zozs

zozs

(refer note y2)

M• cH3I,

2OZ6

(Audited)

Consolidated fnancial results

Gain from settlement of contractual matter {refer Note 3a)

(70.00)

( 70.00)

Standalone r:nan

a) Provision / (reversal) of impairment provision on subsidiaries Investments and loans

bJ Extinpuishment / reversal of financial liabilities, financial assets and impairment allowance (refer Note 3b)

c) Ga›n on transfer of Projefl business pursuant to Business Transfer Agreement (’BTA‘) (refer Note 4)

(694. 42) fS46.00)

Z.88

,ves

(30.45)

(626.96)

{S46.00a

{102.86)

TOTAL

3a Exceptional item represents g ain recognised during the year pursu ant to business settlement of a contractu al may:ter with one large customer.

3b Extinguishment of finance ai iiabilities and financial assets pursuanr to eel:tTement agreement and reversal of impairment allowance , reJated to wholly owned subsidiary of the company.

Effective T'day TO, 2025, the merger of Suzlon Global Services Limited (Transferor Company), a who)Ty owned subsidiary, became effective with the Company (Transferee Company), with an appointed date of August 15, 20Z4. Accordingly, for FY 2024-2d, rhe Company has accounted for the business combination in accordance with Appendix C to Ind AS t03 by restating prior year financial results / statements as if the merger had occurred on April 1, 2023.

Subsequently, effective May to, 2025, the Company transferred fhe business of southern and wesrem regions of ifs Project Division to its step-down wholly owned subsidiaries, SuzTon Southern Projects Limited and Suzion Western India Projects Limited, respectively on a going concern and on an "as-is-where is” basis. These transfers included all associated assets and iTabilities and were executed for a lump sum consideration of Rs 102.00 Crore and Rs 74.00 Crore respectively. The resulting gain has been disclosed under exceptional items in the standalone financial result:s / statements.

In person hearing has taken place post filing of response to the '5how Cause Notice (SCN} dated September 26, 20ZS, from $EBI in respect of mal:ters, which were previously disposed off in favour of the Company

vide an adjudication order dated June 27, 2025. The SCN related to certain specific transactions with it:s domestic subsidiaries and to disclosure of contingent TJabiliLy in respect of earlier financial years from FY 2013-14 to rY 2017-18. Based on the lesal assessment, the management believes that the Company has strong case ro defend and there is no material impact of this action on these results.

Effective November 21, 2025, the Government of India has consolidated multiple existing labour laws into four unified legislations collectively referred to as the "New Labour Codes“. The Codes, inter alia, inProduce a revised definition of ”wages", which may impact employee befjefit obligations, and based on ii:s current assessment, the Group has recognised an incremental iiabiIi of I z0.97 Crores in these financial results. The Group wini continue to monitor further developments and account for any additional impact in the period in whjch notifications and related changes become effective.

3 of 7

CIN : L40100GJ 1995PLC025447

"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDABAD•380009

Pursuant to the approval received from National Company Law Tribunal (NCLT) vide it's order dated Z9 April 2026, the Company has implemented a Scheme of Arrangement (‘Schemes by and between the Company and irs shareholders and creditors under section 230 and 23z read with section 53 and section 66 and other applicable provisions of the Companies Act, 2013, effective from appointed date as specified in the scheme,

being 30 September 2024. Consequently, the Company has restated the comparative financial information for the year ended Narch 3T, 2025 oresented in these financial statements to give effect to the Scheme as below:

The debit balance in rhe Company's retained earnings account as at September 30. 20z4 of T 18,418.43 Crores has been adjusted against available reserves, namely Capital Reserve, Capital Contribution, Capital Itedemption Reserve and balance with 5ecurJties Premium, in accordance with rhe order prescribed in the Scheme for such adjustment; and

  • The balance in the General Reserve of T 9I 2.06 Crores as at the appointed date fias been reclassi6ed to the retained earnings. The aforesaid scheme does nor have any impacf over the profits for the quarter and year ended Narch 31 , 2026.

On March 25, 2026, the Board oF Directors of its wholly owned subsidiary SE For9e Limited (“SEK approved rhe transfer of the Forging business eng aged in ‹he ma nufacnurq ( barging rings, tower Ranges and bearing products operating io a FEZ unit in vadodara, to another wholly owned subsidiary of the Company, namely Suryoday Renewables L mited ("Suryoday“), on a poing concern basis, for a lump sum consideration of T 18d.00 Crore subject to working capital related adjustments (if any) which may result in some variation in the f*nai consideration. The completion of the transaction is subject to requisite regulatory approvals and fuTfiTment of conditions stipulated in the BTA and is in the process.

Consolidared seqmend reporting:

Pa rticulars

2O26

frefer note :t2}

Quarcer endea December 31,

fUnaudi*e

March 3:I,

(refer note :12'l

vearen0ea

marct+ 3â, Marzb3l,

z026 20?6

(Audited)

zegmentRevenue

u)WidTwMneGenewior

  1. Foundry & Porg ing

  2. Operation & Maintenance Service

  3. Others

Less: Inter segment revenue income from operations Segment Results

at wind Turbine Generator

  1. Foundry & Forging

  2. Operation & Maintenance Service

  3. Others

Adjusted for:

  1. Other income

  2. Finance cost

  3. Exceptional items Profit before tax

  1. Wind Turbine Generator

  2. Foundry & Forg ing

  3. Operation & Maintenance service

  4. Others

e} Unallocable Total assets Segment liabilities

  1. Wind Turbine Generator

  2. Foundry & Farg ing

  3. Operation & Maintenance service

  4. Others

e} Unallocable

Total liabilities

4,741. 7J

3,S63.3S

3,14t. 74

14,040. z9

8,481.3 z

267.78

161.42

168.01

596.49

489.34

i.38

629.22

1.67

591.09

3.98

2,483.85

7.90

Z,221. ST

10.A7

13198

T 27 48

J 31 28

449 32

3SJ. 37

3,y73.54

594.46

418.37

1,853.79

8JO. 86

20.76

23. 49

86.27

34. S9

25.I7

255.03

T88.88

759.23

7AS.49

0.75

7.11

183

3.14

4.64

(27.40)

{22.52)

(35.25)

(109.94)

( 03.39

z35. z6

8472

462. z5

254.80

3t4.26

(70 00)

(70. oo)

ssi.zA

z,4zT.72

11,920.76

10,928.04

7,449.88

11,920. 76

7, 449.88

578.00

578.00

465.26

55$.81

465.26

2,127.21

2,127.2E

2,046.83

2,198.01

2,046.83

IS.S5

13.95

z2.46

12.46

3, T49.65

2 985.16

4,227.34

2 985. t6

16,045.46

T z,959.ss

8,250.64

132.62

757.45

7,105.24

121.70

964.70

5,478.88

11T.85

971.34

8,250.64

132.62

757.4 5

264.63

322. 05

29 T. 80

264. 63

291 80

s.mos.sm

fi,B53.BE

,‹ n«rores

PUNE

4 Of 7

10 Statement of assets and liabilities :

SUZLON ENERGY LJMJTED CIN : L401 OOGJ1995PLC025447

"SUZLON", 5, SHRIMALI SOCIETY, NEAR SHRI KRISHNA COMPLEX, NAVRANGPURA, AHMEDA8AD-380009

consoI+0ated

tv mores

2o26 ooze

ice u f Audited)

zozo

f•udited)

202s

faua'ea)

Non-current assets

Property, plant and equipment

768. 81

579. 3l

1,0T8.76

735.61

Right-of-use assets

293. 96

36.06

34z. z5

86.45

Capital work-‹n-progress

13T.88

S9.69

T76.32

86.67

Investment properties

24.T9

2S.7 S

24. 19

25.75

Goodwill

479.83

479.83

Intaogible assets

155. 33

9 .3S

43 z .69

457 .92

Intangible assets under development

13.67

i6.36

13.6S

16.43

Financial assets

I nvestmeno

212328

1,277. 70

0.03

0. 03

Trade receivables

Z17.31

217. 3

Loans

S26.64

139.06

4.66

Other financ*aI assets

1, 179. 90

1,062.67

1,227.71

1,103.50

Deferred tax assets

1,202. 11

638.05

1,394. 41

644.US

Order non-current assets

30 20

62 $4

38 49

75.14

Total non-current asset:s

a,sgg.4s

3,7O7. BB

Inventories

3,557.49

2,8S7.1E

4,511.84

Financial assets

Investments

213.89

2t6.76

42.91

Trade receivables

S,74J.96

3,682.90

6,269.22

3,866. 35

Cash and cash equivalents

297.67

808. 02

630.97

901.07

Bank balance other than above

676.27

y88.78

6y4.73

211.76

Loans

133. 07

0.27

2.51

0.27

other ñnanciai assets

201. 99

EBS.63

724.78

188. 38

Current tax asset, net 99.49

Other current asseI:s 601 78

Total assets

Equity and liabilities

Share capital 2,744. 99

Other equity (refer Note 7) 7,082.76

Non-controlling interest

Non—current liabilities

Financial liabilities Borrowings

Lease IiabiT›ties 26 1. 1

Other financial liabilities 628.89

Provisions 207. SI

Other non-current liabilities 0 09

Total non-current: liabilities i,osz.so

Current liabilities ffinanña i liabilities

Borrowings

Lease liabilities 27.66

Trade payables

Toral outstanding dues of micro enterprises and small enterprises

Total outstanding dues of creditors otJner [hon micro enterpñees anâ small enterprise:s

Other financJaT Tiabilities 112.58

Contract liabilities t,777.39

683.76

Other current liabilities 47.72

Current lax liabilities, net

Total current liabilities

Total equity and liabilities

49.68

583 64

2,73l.79

2,797.2I

22.97

6 y7.94

147. 96

0 45

789.32

12.57

6L86

3Q713°

369.37

y,680.03

$50.20 73.72

7.05

914 90

2,74g.99

6, SIB.63

102.96

262.33

638. 37

2t4.69

0.09

161.06

29.44

220.87

4,86j .68

y53.83

1,976.74

701.6S BI.02 0 62

50.38

7S7 0A

129.19

24.61

650. 00

154. 98

0.45

939.W

154.14

15.23

76.06

2,859-06

398.81

t,743.51

563.73

95.61

8 47

5 of 7

CAN : L401 OOGJ1995PLC025447

“SUZLON“, 5, SHRIMALI SOCFETY. NEAR SHRI KRISHNA COMPLM, NAVRANGPURA. AHMEDABAD-380009

l‹rncmres

standalone

Year ended Year ended

As at As at

2026 2O2H

l audited) (Au6iteb)

cash flow from operating act v+tzes

Profit before cax

Adjus*ments for:

Depreciation and amortisation expense Exceptionai items

Loss on disposal of property, planI and equipment, net Gain on sale of mutual funds

Rent income from investment properties

Finance income

I merest expenses and orher borrow inq cost

Share based payment expenses

Operarion. maintenance and warranty expenditure Liquidated damages expenditure / (reversal) Performance guarantee exDendiM re

Bad debts wriI:ten off

1mpairment allowance

Allowance / freversal) for doubrfuT debLs and advances, net Adjustments for consolidation

Exchange differences. net

Operatic g pro0t before v•orWng capital cfiarises

movements in working capital

flncrease) / decrease in financial assefs and orher assets (Increase) / decrease in trade receivables

(Increase) / decrease in inventories

(Decrease) 7 increase in other liabilities, financial liabilities and provisions cash fused ink / generated from operating activities

Direct taxes (paid) / refund, (net}

Net cash fused incl generated from operating activities - A

Cash how from investing aMivities

PaymenLs for purchase of property, plant and equJpmenr inciudinq capital work-in-progress and capita) advances Proceeds from sale of property. plant and equipment

Proceeds from sale of muMal fund Purchase of mutua] fund

Proceeds from Sale or stake in subsidiaries Investment in subsidiaries

Consideration paid on acquisition of subsidiary Proceeds from business transfer agreement Rental income from Investment properties Inter-corporate deposits given

Inter-corporate deposits repaid Interest received

Net cash (used ink/ generated from investing aMivities - B

Cash fTow from financing activities Repayment of long-term borrowings Proceeds of ionq-term borrowings

Proceeds / (repayment} I'rom short term-borrowings. net

Proceeds from financing arransemenC ner

Proceeds from subsidaw towards share based payment

Payment of princJoai portion of lease liabilities

Proceeds from issuance of share capitai includinp premium, net Proceeds from share application money

Interest and other borrowing cost paid Finance cost paid on financing arrangement

New cash f used in / generated from financing activitiw -

Net decrease} / increase in cash and cash equivalents - A+ e+C

Add/ I less): Cash and flank balances adiusred on business transfer arranQement and acquisition of subsidiary Cash and cash equivalents aI the beginning of year

Cash and cash equivalents at the end of year

189.65

ti.i78.4o1

P. 29

(6.46)

( 16. 46 )

( 147.6B)

184. 62

82. Sg

168. 29

66.32

109.17

0.71

23.30

7.65

166.85

( 102.86) 6.2I (0.02)

(z4.97) f98.50) 84.01

Z11. z9 z20.89 f28.11 72.72

59.06

19.62 f50.0I)

318.45

(7.68)

(IS.46)

(102.26)

223.29

93. 44

168. 29

66.32

118. 39

1.80

2S. 10

14.56

13.66)

17 27

2S9.19

(102.98}

z0S.68

T14.95

120.89

78.36

59.06

19.S2 (50.59] t6.00

§45 81’

292. 64)

(2,A 10.59)

{951.11d

1.971.02

(S6 71}

M58. 66)

(2052 39)

f79L 02)

909.05

6 46

f3S1 .63) (2,660. 92)

ft.278. 291

2,236.43

1,277.47

f7fi 4I]

(368.74J f2,006.83] (88.734

2.304.08

(1 S4)

:t.29:t. 01

sis.si

1,091. 96

(440.001

0.08

285.54

(492.98)

0.10 (Z32.OF) (268.671

z76.00

16. 45

{799. SS1

361.86

78.68

(3Z8.s6)

0.45

8.38

32.00

(200.05)

14.97

(S7.5S)

291. 90

64 79

(576.98}

0.95

34t .87

(508.04)

(268.67)

E5. 46

81 J6

(370.61’

2.19

38.36

{72. SO’

14.87

77 28

r s .3t4.HO

1611.so

11.32

{33.24’

91.90

1.06

{103.8S)

3.76

F2$. 80}

0.05 ($0.35)

(29 951

(41.17)

20.86

{36.78)

91.90

1.06

{136.94)

(53.87)

105. z 9 f23.06' 411 .21

22.11

0.08

(70.24}

(29 9SJ

343.01

I HO. 2T) (13.69)

996 80

634.64

362 t6

132.8Z

6B3.23

2.76

426 84

872 94

996 80

1 245 /0

1, 11z 03

6 of 7

CIN : L40100GJ19 95PLC025447

"SUZLON", 5, SHRIMALI SOCIETY. NEAR SHRI KRISHNA COMPLM, NAVRANGPURA, AHMEDABAD-380009

  1. The financial results for the quarters ended Narch 31, 2026 and March 3z, 202S respecrfveTy are balancing figures between audited resull:s for the full financial year and the published year to date figures upto the third quarter of the respective financial year which are subjected to limited review.

    of the eo

  2. Figures for the previous periods have been regrouped/ re-classified to conform to the classification of the current period

For and on behalf rd of Directow

Place• Pune

Date: lga¥ 25, 2026

Vinod KTanti

Chairman & Managing Director

ozs No: 00002266

of