Innovision Limited has resubmitted its audited financial results for the quarter and year ended March 31, 2026, to the National Stock Exchange of India Ltd (NSE) after correcting technical discrepancies in its initial filing. The company addressed specific deficiencies highlighted by the exchange in an email dated July 16, 2026, regarding the Outcome of Board Meeting submitted on May 28, 2026. These corrections ensure that the digital XBRL tags align with the financial figures approved by the Board of Directors, maintaining data integrity for investors and regulators.

The primary issues identified by the NSE involved mismatches between the standalone and consolidated XBRL filings and their corresponding PDF versions. Innovision Limited attributed these discrepancies to inadvertent data mapping errors and decimal inaccuracies during the preparation of the XBRL instance document. Specifically, the earnings per equity share for discontinued operations were inadvertently populated in the XBRL filing despite there being no profit or loss from discontinued operations during the reporting period. Additionally, figures in the consolidated cash flow statement contained decimal discrepancies due to similar mapping errors.

The company clarified that the PDF financial results approved by the Board represent the correct financial figures throughout this process. Innovision Limited had previously raised these queries with the exchange and submitted a detailed clarification via letter dated July 1, 2026. The current submission includes the rectified XBRL filing incorporating accurate financial information as approved by the Board, ensuring alignment with the statutory documents.

Regulatory Compliance and Audit Declaration

Beyond the XBRL corrections, Innovision Limited also addressed a procedural omission regarding the declaration of the audit opinion. The company failed to submit the requisite declaration confirming an unmodified audit opinion alongside the initial financial results. This declaration is mandatory under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Statutory Auditors have issued an unmodified audit opinion on both the Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026. To rectify the oversight, the company has now submitted the required declaration in compliance with SEBI regulations. Ms. Jyoti Sachdeva, Company Secretary & Compliance Officer, signed the communication dated July 20, 2026, requesting the exchange to treat the matter as duly complied with upon acceptance of the corrected documents.

What the Numbers Show

The core financial performance metrics remain unchanged from the original board-approved figures. The discrepancies were strictly technical, relating to data entry and mapping within the XBRL tagging system rather than alterations to revenue, profit, or cash flow values. Investors should rely on the PDF version of the financial statements as the authoritative source for financial performance, as confirmed by the company's clarification that the Board-approved PDF figures are correct.

Innovision Limited has secured a Letter of Award (LoA) from the National Highways Authority of India (NHAI) to operate as the user fee collection agency at the Biratiya Kalan Fee Plaza. Located on the Bar-Bilara-Jodhpur section of NH-112 in Rajasthan under NHDP Phase-IV, the contract was awarded on July 21, 2026. The mandate, valued at ₹97,52,79,635, expands the company's toll management footprint in the region and reinforces its presence within the NHAI's user fee collection framework.

Order Details

The project was awarded through a competitive e-tender process under tender ID NHAI/13013/547/CO/26-27/CB/Biratiya Kalan & Binawas FP/E99375/R-1787. The engagement spans a period of one year and encompasses toll collection as well as the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items. The order is domestic in nature and does not involve any interest from the promoter, promoter group, or group companies, nor does it constitute a related party transaction.

The key parameters of the awarded contract are summarised below:

Management Commentary

Lt. Col. Randeep Hundal, Chairman & Managing Director of Innovision Limited, stated that the mandate further expands the company's toll management operations in Rajasthan. He highlighted that the vertical has scaled through the steady accumulation of individual plaza engagements rather than dependence on any single award. The underlying model remains asset-light, with working capital forming the primary requirement, allowing for portfolio expansion without a proportionate rise in capital intensity.

Management clarified that the commercial consideration reflects the gross value of the engagement, where collections are remitted to NHAI and the company retains an agreed spread. This figure should not be interpreted as an expected direct addition to net revenue. The company intends to maintain disciplined participation in NHAI's pipeline of toll asset tenders, subject to competitive bidding.