TECIL Chemicals and Hydro Power Limited has issued a revised outcome of its Board Meeting held on May 27, 2026, providing a clarification letter regarding its Audited Standalone Financial Statements for the quarter and financial year ended March 31, 2026. The company addressed a discrepancy between the Profit/Loss figure in the PDF version of the financial statements and the XBRL filing. TECILCHEM stated that it incurred a net loss during the financial year under review. The XBRL filing accurately reflected this loss. However, the PDF version inadvertently presented the loss as a profit due to a formatting or formula error, which was not properly indicated. The company confirmed that the audited financial statements approved by the Board and the XBRL filing contain the correct financial position and profit/loss figures. The company has enclosed the corrected financial statements with a balancing figure note and sincerely regrets the inadvertent error. They assure that greater diligence will be exercised to prevent recurrence. The Statutory Auditors, S. R. Pai & Co., have issued an audit report with an unmodified opinion on the revised financial results, confirming that they present a true and fair view of the net loss for the period.
