Deep Industries Limited (DEEPINDS) — Board Meeting Announcement
Deep Industries Limited announced the outcome of its board meeting on May 14, 2026, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results include a non-cash exceptional item of **₹20,828.49 lakhs** for the write-off of legacy trade receivables following the merger with Kandla Energy & Chemicals Limited, approved by the NCLT on March 23, 2025. The auditor issued an unmodified opinion, confirming compliance with Ind AS and SEBI LODR, with no modified opinion despite foreign subsidiary involvement. Comparative figures were restated for the amalgamation effective March 31, 2025, ensuring consistency. The company emphasized that excluding the exceptional item would have significantly increased PAT, highlighting the material impact of the write-off on reported profitability.
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About Deep Industries Limited (DEEPINDS)
Oil Gas & Consumable Fuels · Oil · Listed on NSE
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