Austere Systems Limited has announced its unaudited standalone and consolidated financial results for the half-year ended September 30, 2026. The company’s Board of Directors approved these results following a recommendation from the Audit Committee. The announcement also noted the SEBI Warning-cum-Advisory Letter and reviewed consequential disclosures and corrective measures, alongside a statement on the deviation or variation for proceeds of a public issue.
Financial Results Approved
Austere Systems Limited has formally announced its unaudited financial results for the half-year period concluding on September 30, 2026. The Board of Directors, at a meeting held on November 13, 2026, considered and approved both the standalone and consolidated financial results, as recommended by the Audit Committee.
Key Disclosures and Compliance
The company also reported that the Board took note of a SEBI Warning-cum-Advisory Letter dated October 1, 2026, concerning disclosures related to an order passed by the Hon’ble NCLAT on September 23, 2025. The Board reviewed the consequential disclosures and proposed corrective measures to enhance the Company’s compliance processes. Furthermore, a statement on the deviation or variation in the utilization of proceeds from a public issue, as per Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for the half-year ended September 30, 2026, was submitted.
Meeting Details
The Board of Directors’ meeting commenced at 03:00 P.M. and concluded at 03:45 P.M. on November 13, 2026, at the company’s Corporate office in Gurugram, Haryana.
Auditor’s Review
Independent auditors, Mukesh A. Mittal & Co., Chartered Accountants, provided a limited review report on the unaudited standalone and consolidated financial results. They confirmed that based on their review, nothing came to their attention that would indicate the financial results contained material misstatements or failed to disclose required information.
Statement of Deviation/Variation in Utilisation of Funds
Austere Systems Limited also confirmed that there has been no deviation or variation in the utilization of funds raised through its Initial Public Offer (IPO). All funds utilized have been solely for the objects stated in the Prospectus dated May 23, 2025, up to the half-year and year ended September 30, 2026.
Source: BSE
