MV Electrosystems Limited has issued a clarification regarding its recently uploaded financial results. The company has specified that the amounts presented on Page No. 7, under Point C of the table within the Notes to Financial Statements, are stated in Crores and not in Millions. This clarification is intended to ensure accurate interpretation of the financial data by stakeholders.
Financial Reporting Clarification Issued
MV Electrosystems Limited has provided a crucial clarification concerning the scale of figures presented in its latest financial results. In a communication dated November 13, 2026, the company addressed stakeholders to confirm the unit of measurement used in its financial statements.
Amounts Stated in Crores, Not Millions
Specifically, the clarification pertains to the information detailed on Page No. 7 of the uploaded financial results, within the section identified as Point C – Table. MV Electrosystems has confirmed that all monetary amounts listed under the Notes to Financial Statements are denominated in Crores. This is a significant distinction from the commonly assumed or potentially misread ‘Millions’. The company has requested that this clarification be duly noted by all concerned parties.
The communication was formally issued by Sourabh Bansal, Company Secretary and Compliance Officer, for MV Electrosystems Limited.
Source: BSE
