Crown Lifters Limited has filed its audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, with the National Stock Exchange of India. The filing was made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following a board meeting held on May 14, 2026. The statutory auditors, Vishwas & Associates, Chartered Accountants (FRN: 143500W), issued an unmodified opinion on the standalone financial results, as confirmed by the Chief Financial Officer, Mr. Nizar Nooruddin Rajwani.

Financial Performance

The company reported total income from operations of ₹4,251.26 lakhs for the full year, compared to ₹3,696.07 lakhs in the previous year. Revenue from operations stood at ₹3,971.91 lakhs against ₹3,503.45 lakhs in the prior year. Net profit for the year came in at ₹887.10 lakhs, compared to ₹1,898.01 lakhs in the previous year. The prior year's net profit included exceptional items of ₹1,236.60 lakhs, primarily related to a change in depreciation accounting policy and a reversal of excess depreciation of ₹1,267.54 lakhs. Profit from operations before exceptional items stood at ₹1,193.35 lakhs versus ₹1,310.94 lakhs in the prior year.

The following table summarises the key financial results for the quarter and year ended March 31, 2026 (₹ in Lakhs):

Balance Sheet Highlights

As at March 31, 2026, Crown Lifters reported total assets of ₹21,457.99 lakhs, up from ₹17,921.66 lakhs in the previous year. Total equity stood at ₹7,737.83 lakhs, comprising equity share capital of ₹1,159.00 lakhs and other equity of ₹6,578.83 lakhs. Property, plant and equipment increased to ₹14,544.50 lakhs from ₹12,405.00 lakhs, reflecting continued capital investment. Total borrowings (current and non-current) stood at ₹5,676.70 lakhs as at March 31, 2026.

Cash Flow Summary

For the year ended March 31, 2026, net cash generated from operating activities was ₹948.80 lakhs, compared to ₹4,094.63 lakhs in the prior year. Net cash used in investing activities was ₹2,250.57 lakhs, primarily on account of purchase of property, plant and equipment worth ₹2,972.72 lakhs. Net cash from financing activities stood at ₹1,198.23 lakhs. Cash and cash equivalents at the end of the year were ₹15.41 lakhs, compared to ₹118.95 lakhs at the beginning of the year.

Board Decisions and Internal Auditor Appointment

During the board meeting, the directors approved transactions with related parties entered into as per Section 188 of the Companies Act, 2013. The board also approved the re-appointment of M/s. Mehul N Mehta & Associates, Chartered Accountants, as the Internal Auditor of the company for the financial year 2026–27. The re-appointment of Mehul Mehta is effective from May 14, 2026. The disclosure was provided in accordance with Regulation 30 of the SEBI Listing Regulations and the relevant SEBI Master Circular.

Accounting Notes

The financial results were prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under Section 133 of the Companies Act, 2013. During the audit for the current financial year, the company carried out a comprehensive review of its lease arrangements in accordance with IND AS 116 – Leases. Consequently, in Q4 of the financial year, the company recognised a reversal of rent expense amounting to ₹47.18 lakhs, representing the corrective impact from the proper application of IND AS 116. This reversal reflects the reclassification of lease-related costs from 'Other Expenses' to depreciation on Right-of-Use (ROU) assets and finance costs on lease liabilities. Accordingly, 'Other Expenses' for the current period appear lower compared to the previous period, solely on account of this accounting adjustment and not a reduction in actual operational expenditure.

Crown Lifters Limited has intimated stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that 5,10,000 (Five Lakh Ten Thousand) convertible equity warrants have lapsed following the non-exercise of the conversion option by 9 warrant holders within the prescribed 18-month period from the date of allotment. The deadline for exercising the conversion option was May 11, 2026. As a consequence, the 25% subscription amount received on these warrants stands forfeited in accordance with Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Background: Original Warrant Allotment

The disclosure references the Company's earlier intimation dated 12th November 2024, wherein Crown Lifters had informed exchanges that it had allotted 8,76,656 (Eight Lakhs Seventy-Six Thousand Six Hundred Fifty-Six) convertible equity warrants to a total of 17 allottees on a preferential basis. The warrants were issued at a price of Rs. 268/- per warrant. At the time of allotment, an initial subscription amount of Rs. 5,87,35,952/- (Indian Rupees Five Crores Eighty Seven Lakhs Thirty Five Thousand Nine Hundred Fifty Two only), representing 25% of the issue price, was collected from the allottees.

Forfeiture Details: Warrant Holders Who Did Not Exercise Conversion

Of the total warrants allotted, 5,10,000 warrants remained unconverted as 9 holders did not exercise their option within the 18-month window. Each of these warrant holders had paid Rs. 67/- per warrant (being 25% of the issue price of Rs. 268/-) at the time of allotment, and this amount is now liable for forfeiture. The following table details the warrant holders and the number of warrants subject to forfeiture:

None of the 9 warrant holders converted any of their warrants into equity shares, as the conversion figure for each stands at Nil.

Regulatory Compliance

The forfeiture is being effected in accordance with Regulation 169(3) of Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which mandates that the upfront subscription amount paid on convertible warrants is liable to be forfeited if the conversion option is not exercised within 18 months from the date of allotment. Crown Lifters has requested the exchanges to take the disclosure on record as compliance under the applicable SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure has also been made available on the Company's website at www.crownlifters.com . The intimation was signed by Pooja Shirke, Company Secretary & Compliance Officer (ACS 74805), on May 12, 2026.