Kaynes Technology India Limited Issues Corrigendum to Financial Results, Correcting Provision Classifications
Kaynes Technology India Limited has issued a corrigendum concerning the Audited Consolidated Financial Results for the year ended March 31, 2026. The update addresses an inadvertent classification error in the Balance Sheet schedules related to provisions and details reclassifications within Other Comprehensive Income (OCI) across both Standalone and Consolidated results.The correction pertains to provisions reported in the company's balance sheet. Previously, Long Term Provisions were disclosed as Rs. 167.48 Million and Short-term provisions were reported as Rs. 10.09 Million. These have been reclassified to reflect accurate reporting:
| Particulars | Reclassified Figures (Rs. in Millions) | Previous Figures (Rs. in Millions) |
|---|---|---|
| Long Term Provisions | 127.00 | 167.48 |
| Short-term Provisions | 50.57 | 10.09 |
The company noted that despite the classification change, there was no alteration in the Total Liabilities as at March 31, 2026.
OCI Reclassifications for Standalone Results
Further details were provided regarding reclassification adjustments to items under Other Comprehensive Income (OCI) for the quarter and year ended March 31, 2026, pertaining to both Audited Standalone Financial Results.Data reflecting the correction in standalone results:
| Particulars | Reclassified Figures (Rs. in Millions) | Previous Figures (Rs. in Millions) |
|---|---|---|
| (i) Items that will not be reclassified to profit or loss | 4.60 | 10.96 |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | (1.16) | (2.76) |
| (iii) Item that will be reclassified subsequently to profit or loss | 6.36 | - |
| (iv) Income tax relating to items that will be reclassified to profit or loss | (1.61) | - |
| Other comprehensive income for the period / year, net of taxes | 8.20 | 8.20 |
Consolidated Results Adjustments Highlighted
The corrigendum also included extensive details regarding adjustments made to Other Comprehensive Income (OCI) within the Audited Consolidated Financial Results.Key figures comparing previous and corrected OCI items for the consolidated results are presented below:
| Particulars | Reclassified Figures (Rs. in Millions) | Previous Figures (Rs. in Millions) |
|---|---|---|
| (i) Items that will not be reclassified to profit or loss | (33.23) | (26.87) |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | (50.44) | (52.05) |
| (iii) Item that will be reclassified subsequently to profit or loss | 6.36 | - |
| (iv) Income tax relating to items that will be reclassified to profit or loss | (1.61) | - |
| Other comprehensive income for the period / year, net of taxes | (78.92) | (78.92) |
Kaynes Technology India Limited confirmed that there are no other corrections necessary for the Standalone and Consolidated Financial Results previously shared.
KAYNES Stock Price Movement
On Friday, shares of Kaynes Technology India Limited edged higher to close at ₹3856.30, after gaining 0.69%. The stock saw considerable activity during the session, trading on a volume of 806,763 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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