Kaynes Technology India Limited has issued a corrigendum to its Audited Consolidated Financial Results for the year ended March 31, 2026. The correction addresses an inadvertent classification error in the Balance Sheet Schedule concerning ‘Long Term Provisions’ and ‘Short-term provisions’. While specific figures have been adjusted, the company states there is no change in the Total Liabilities as of March 31, 2026. Further reclassifications were made to ‘Other Comprehensive Income’ disclosures.
Corrigendum Issued for FY26 Financial Results
Kaynes Technology India Limited has announced a corrigendum concerning its Audited Consolidated Financial Results for the fiscal year ended March 31, 2026. The results, which were initially approved by the Board of Directors and filed on May 13, 2026, contained an inadvertent classification error. This error specifically impacted the disclosure of ‘Long Term Provisions’ and ‘Short-term provisions’ within the Balance Sheet Schedule.
Key Figure Adjustments
The company has reclassified the figures for these provisions. Previously disclosed as Rs. 167.48 Millions for ‘Long Term Provisions’ and Rs. 10.09 Millions for ‘Short-term provisions’, the corrected figures are now Rs. 127.00 Millions and Rs. 50.57 Millions respectively. Importantly, Kaynes Technology has clarified that despite these specific reclassifications, there has been no change in the Total Liabilities of the company as of March 31, 2026.
Other Comprehensive Income Reclassifications
Additionally, the corrigendum details reclassifications within the Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. These adjustments pertain to the line items under ‘Other comprehensive income’, specifically concerning ‘Items that will not be reclassified to profit or loss’ and ‘Item that will be reclassified subsequently to profit or loss’. The updated figures for these sections are provided for both the quarter ended March 31, 2026, and the year ended March 31, 2026, for both standalone and consolidated results.
Source: BSE
