Audited Financial Results of the Company for the Quarter and Financial Year end March 31, 2026 and along with Auditor''s Report as per Regulation 33 of SEBI (LODR) Regulations, 2015.
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Chemtech Industrial Valves Ltd reported Total Income of Rs. 1,012.90 Lakhs for FY 2025-26, with EBITDA of Rs. 140.36 Lakhs (13.86% margin), PBT of Rs. 76.72 Lakhs, and PAT of Rs. 58.79 Lakhs. The auditor, Raju & Prasad, issued an unqualified opinion but drew attention to three matters: (A) Rs. 5 lakh exposure related to CKP Bank's license withdrawal by RBI; (B) a DGGI penalty of Rs. 3.94 crore (plus Rs. 3.95 crore under MGST Act) for ineligible ITC, with Rs. 3.03 crore deposited under protest and appeal pending; and (C) conversion of 5,00,000 warrants into equity shares at Rs. 200 per share, raising Rs. 10 crore, with 2,50,000 warrants forfeited. CARO 2020 notes include a GST dispute of Rs. 7.89 crore with DGGI and loans to Kanai Capital Holdings (Rs. 1.50 crore) and Buniyad Supercomputers LLP (Rs. 1.55 crore). The company incurred no cash losses and has adequate internal financial controls.
The unqualified audit opinion with multiple emphasis of matter items signals elevated contingent liability risk (total GST-related exposure ~Rs. 8 crore) and potential regulatory overhang. The Rs. 10 crore warrant conversion increases equity base, but the DGGI penalty dispute could weigh on investor sentiment despite the company's appeal.