Techindia Nirman Limited Announces Revised Standalone Financial Results for FY26
Techindia Nirman Limited, formerly Nath Seeds Ltd., has reported its revised standalone audited results for the quarter and year ended March 31, 2026. The company's financial statements for the year reflect both audited and unaudited figures, detailing performance across the fiscal year.The standalone financial statements for the year ended March 31, 2026, show several key figures compared to the preceding year ended March 31, 2025.
Financial Performance Summary
The following table summarizes the comparative financial data:| Particulars | Year Ended March 31, 2026 (Audited) | Year Ended March 31, 2025 (Audited) |
|---|---|---|
| Revenue from Operations | 0.00 | 0.00 |
| Total Income | 0.34 | 0.03 |
| Total Expenses | 33.19 | 61.07 |
| Net Profit from Ordinary Activities after Tax | 62.15 | 82.70 |
| Total Assets | 604.868,1 Lakhs | 1,009.578,546.48 Lakhs |
| Net Worth (Equity) | 1,029.39 Lakhs | 1,092.03 Lakhs |
Balance Sheet Highlights
The company's balance sheet details a reduction in overall size compared to the previous year. The Balance Sheet at March 31, 2026, reports total assets of 604.868,1 Lakhs, while the corresponding figure for March 31, 2025, was 1,009.578,546.48 Lakhs.Key asset and liability movements include:
| Asset/Liability Category | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Property, Plant and Equipment | 2,197.88 Lakhs | 2,202.10 Lakhs |
| Other Non-current Assets | 7,518.78 Lakhs | 7,536.91 Lakhs |
| Cash and Cash Equivalents | 4.49 Lakhs | 401.464 Lakhs |
| Total Assets | 604.868,1 Lakhs | 1,009.578,546.48 Lakhs |
| Other Equity | -403.57 Lakhs | -340.57 Lakhs |
| Total Liabilities | 7,091.58 Lakhs | 7,454.13 Lakhs |
Audit Qualifications and Material Observations
The auditors issued a qualified opinion, drawing attention to several material matters impacting the financial statements:1. Litigation and Going Concern: The standalone financial statements were prepared on a going concern basis. The audit noted that the Corporate Insolvency Resolution Process (CIRP) was initiated against the company. Although a resolution plan was submitted, the matter was challenged by AgriTech (India) Limited before the Supreme Court of India and remains currently sub judice. Due to this ongoing litigation and uncertainty, the impact on the carrying value of assets and liabilities is currently unascertainable.
2. Non-recognition of Interest: The company did not account for accrued interest regarding borrowings amounting to Rs 6434.68 Lakhs from Agri-Tech India Ltd. The auditors stated that this non-recognition is not in accordance with applicable accounting standards due to the matter being sub judice with the Supreme Court of India.
3. Advances Recoverability: The auditors were unable to express an opinion on the recoverability of advances totaling Rs 5320.70 Lakhs, granted for real estate development and the research and development station, citing the ongoing litigation status.
4. Non-compliances: The company has certain non-compliances under SEBI regulations, including non-compliance with Board composition requirements, the financial impact of which could not be determined by the auditors.
The financial statements were prepared and audited by K. P. S. Ahasrabude & Co., Chartered Accountants.
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