Jakharia Fabric Limited has rectified a format deficiency in its Independent Auditor's Report for the period ended March 31, 2026, ensuring compliance with SEBI guidelines. The company submitted the revised report to the National Stock Exchange of India Limited on July 2, 2026, following a query regarding the financial results initially filed on May 30, 2026. The correction addresses a typographical error where the report incorrectly stated 'Quarterly audited' instead of the prescribed 'Half yearly' classification.

The revised report, issued by statutory auditors V J Shah & Co, covers the standalone financial results for the half year and year ended March 31, 2026. The auditors confirmed that the statement presents the financial results in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. It provides a true and fair view of the company's net profit after tax and other comprehensive income, adhering to the recognition and measurement principles under the Companies Act, 2013.

Key Audit Details

The audit was conducted in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013. V J Shah & Co affirmed their independence from the company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI). The firm concluded that the audit evidence obtained was sufficient and appropriate to provide a basis for their unqualified opinion on the financial results.

Compliance and Responsibilities

The Board of Directors of Jakharia Fabric Limited is responsible for the preparation and presentation of the standalone financial results. This includes ensuring the maintenance of adequate accounting records, selecting appropriate accounting policies, and implementing internal financial controls to safeguard assets and prevent fraud. The board has also assessed the company's ability to continue as a going concern, confirming the use of the going concern basis of accounting.

The auditors' responsibilities included evaluating the appropriateness of accounting policies and the reasonableness of estimates made by the board. They also assessed the overall presentation of the financial statement to ensure it represents underlying transactions fairly. The company has assured the exchange of strict compliance with all SEBI regulations moving forward.

Jakharia Fabric reported a net profit of ₹334.08 lakh for the financial year ended March 31, 2026, a slight increase from ₹327.52 lakh in the previous year. Revenue from operations grew to ₹6,419.81 lakh from ₹6,272.45 lakh in FY25, driven by the company's textile processing operations. The total revenue for the year stood at ₹6,457.73 lakh.

Financial Performance

The company's profit before tax for FY26 was ₹466.56 lakh, compared to ₹440.11 lakh in the prior year. Total expenses for the period increased to ₹5,991.02 lakh from ₹5,981.38 lakh. The earnings per share (EPS) for the year was recorded at 2.74, down from 8.06 in the previous year, following the issue of bonus shares in the ratio of 2:1 in October 2025.

Key Financial Metrics

Board Decisions

The Board of Directors, in its meeting held on May 30, 2026, approved the standalone audited financial results for the year ended March 31, 2026. Additionally, the Board appointed M/s. R M F & Co. as the internal auditor of the company for FY 2026-27. The statutory auditors, M/s. V J Shah & Co., issued an audit report with an unmodified opinion on the financial results.

Operational Details

The company operates in a single reportable business segment of textile processing and related activities, primarily within India. There were no investor complaints pending as of March 31, 2026. The financial results were prepared in accordance with the Accounting Standards prescribed under section 133 of the Companies Act, 2013.