Kaveri Seed Company Limited announced the approval of its audited standalone and consolidated financial results for the fiscal year ended March 31, 2026. The Board of Directors convened on May 26, 2026, to review and ratify these results, which were prepared in accordance with Indian Accounting Standards. The company also confirmed that the audited results will be published in newspapers as per SEBI regulations.
Kaveri Seed Company Announces Audited Financial Results
On May 26, 2026, Kaveri Seed Company Limited’s Board of Directors convened to transact important business, chief among them being the approval of the company’s audited standalone and consolidated financial results for the fiscal year ending March 31, 2026. These results have been prepared under the Indian Accounting Standards (Ind AS) and have received the recommendation of the Audit Committee prior to the Board’s approval.
Key Financial Highlights
The company’s standalone financial statements reveal a Net Profit after Tax of ₹26,520.71 Lakhs for the year ended March 31, 2026, a notable increase from the previous year’s figure. The standalone revenue from operations stood at ₹1,12,156.69 Lakhs. The Audited Balance Sheet as of March 31, 2026, shows total assets amounting to ₹2,70,735.74 Lakhs and total equity of ₹1,75,077.66 Lakhs.
For the consolidated results, the company reported a Net Profit after Tax of ₹28,228.12 Lakhs for the year ended March 31, 2026. Consolidated revenue from operations reached ₹1,20,497.04 Lakhs. The consolidated balance sheet as of March 31, 2026, shows total assets of ₹2,75,889.06 Lakhs and total equity of ₹1,75,440.37 Lakhs.
Auditor’s Report and Declarations
The audited financial results are accompanied by the Auditors’ Report from M/s. M. Bhaskara Rao & Co. The auditors have issued an unmodified opinion on both the standalone and consolidated financial results, confirming their compliance with accounting standards and regulatory requirements. A declaration to this effect has been provided by Mr. G.V. Bhaskar Rao, Managing Director, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Going Concern Assessment
The independent auditor’s report also addresses the going concern aspect. While a subsidiary company exhibits a negative net worth and current liabilities exceeding current assets, the overall group’s ability to continue as a going concern is assessed. The auditors have drawn attention to note 4 in the statement regarding potential material uncertainties but have not modified their opinion in this regard. Management’s assessment and the basis of accounting for going concern have been reviewed.
Other Disclosures
Kaveri Seed Company Limited also confirmed its status concerning the SEBI circular on Large Corporates, declaring that it does not fall under the criteria of a Large Corporate. The company has also estimated and recognized the impact of the implementation of new Labour Codes, which is not considered material to the standalone and consolidated results for the year ended March 31, 2026.
Source: BSE
