Board MeetingOutcome of Board Meeting
EDCL approves unaudited Q1 2026 results; auditors flag adverse notes on loans, investments, and taxes.
Financial results approved
- Unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
- Auditor's review reports enclosed; signed by Satyendra Pal Singh, Whole-time Director.
- Independent auditors' review notes adverse conclusions due to unresolved notes on loans, investments, receivables, and tax matters.
Regulatory/compliance and accounting notes
- Income-tax demands totaling Rs 18,939.44 lakhs with Rs 24,047.65 lakhs interest; appeals filed and stayed.
- Tax demands on subsidiaries aggregating Rs 4,344.14 lakhs; appeals filed.
- Provision of Rs 565.73 lakhs for outstanding balances recognised as exceptional item.
- Standalone impairment in investments of Rs 5,600.00 lakhs in two wholly-owned subsidiaries.
- Loans of Rs 2,929.08 lakhs outstanding; terms and recoverable amount not determined.
- Trade receivables Rs 198.24 lakhs; loan Rs 313.50 lakhs; interest Rs 2.28; security deposits Rs 32.00 lakhs.
- Doubtful recoverability; no provision yet.
- Remuneration of Rs 40.20 lakhs paid to a director shown as recoverable.
- Labour Codes impact: gratuity and leave encashment Rs 22.97 lakhs recognised as past service cost.
- Auditors' note on consolidation: non-consolidation of two subsidiaries and associate; adverse conclusion.