Pashupati Cotspin Limited has re-submitted its audited standalone and consolidated financial results for the financial year ended March 31, 2026, to rectify inadvertent errors in the classification and presentation of financial items. The company identified mistakes in the amounts disclosed under "Cost of Materials Consumed" and "Purchase of Stock-in-Trade" due to an Excel casting error, alongside minor adjustments in deferred tax and other current assets. The revisions do not impact the company's profitability, cash flows, net worth, or earnings per share.

The board had initially approved the results on May 29, 2026, recommending a final dividend of ₹0.05 per equity share. Following the corrections, the net profit for FY26 stands at ₹1,038.88 lakh, compared to ₹1,410.97 lakh in the previous year. Total revenue for the year increased to ₹66,588.47 lakh from ₹65,081.93 lakh in FY25. The company adopted Indian Accounting Standards (Ind AS) effective from April 1, 2025, after migrating to the main board of the NSE and BSE.

Financial Performance

For the quarter ended March 31, 2026, standalone revenue from operations rose to ₹16,027.58 lakh from ₹12,747.44 lakh in the corresponding quarter of the previous year, while standalone net profit fell to ₹162.31 lakh compared to ₹719.19 lakh in Q4 FY25. On a consolidated basis, Q4 net profit declined to ₹172.07 lakh from ₹719.32 lakh year-on-year, as consolidated revenue grew to ₹17,109.62 lakh from ₹13,635.32 lakh in the same period. The statutory auditors, M/s. Mahendra N. Shah & Co., issued an unmodified opinion on the audited standalone and consolidated financial results.

The following table summarises the full-year standalone financial performance:

The quarterly consolidated performance is summarised below:

Regulatory Disclosures

The re-submission was made pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The company clarified that the revisions were restricted to the financial figures pertaining to the quarter and financial year ended March 31, 2026, and superseded the earlier submission made on May 29, 2026. All other information and disclosures submitted previously remain unchanged.

Pashupati Cotspin Limited has appointed new auditors for the financial year 2026-27 to strengthen its governance framework. The Board of Directors approved the appointment of M/s. Ashish Bhavsar & Associates as the Cost Auditor and M/s. Sandip Desai & Co. as the Internal Auditor during a meeting held on May 29, 2026. These appointments are effective immediately for the upcoming fiscal year.

The decision aligns with the requirements of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has disclosed the details of these appointments in accordance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information is now available on the company's official website.

M/s. Ashish Bhavsar & Associates, a firm of Cost Accountants, will oversee the cost audit functions. Mr. Sagar Kapadiya, a partner at the firm, has been designated as the Cost Auditor. He holds Membership No. 36767, and the firm is registered under Registration No. 000387.

M/s. Sandip Desai & Co., a firm of Chartered Accountants, has been entrusted with the internal audit responsibilities. Mr. Bhargav Kadia, a partner at the firm, will serve as the Internal Auditor. He is a qualified Chartered Accountant with Membership No. 140469, and the firm holds Registration No. 111812W.

Auditor Appointment Details