ASMS Clarifies XBRL Discrepancy in Q1 FY27 Standalone Results
ASMS clarifies a discrepancy in its Q1 FY27 standalone results XBRL filing. An error in reporting 'Finance Costs' led to an overstatement of PBT by ₹27.42 Lakhs. The company will resubmit the corrected XBRL filing.
The impact is low as this is a clarification of a past filing error with no new financial information or strategic changes. The company is rectifying a technical issue in its XBRL submission.
The announcement is a clarification of a technical error in a regulatory filing and does not contain any new financial performance information or strategic updates. While the error is being corrected, it does not fundamentally alter the company's financial position or outlook.
Avio Smart Market Stack Limited (ASMS) has issued a clarification regarding a discrepancy in its XBRL filing for the standalone unaudited financial results for the quarter ended June 30, 2026. The company identified an inadvertent error in mapping data to the XBRL taxonomy during the upload process.
Specifically, 'Finance Costs' were reported as Nil in the XBRL filing, whereas the correct amount of ₹27.42 Lakhs was disclosed in the approved financial results. This error led to an understatement of Total Expenses by ₹27.42 Lakhs in the XBRL, consequently overstating the Profit Before Tax (PBT) to ₹150.17 Lakhs in XBRL, compared to the actual ₹122.75 Lakhs.
ASMS confirmed that the variance is solely due to an inadvertent tagging error and does not indicate any difference in the actual financial results approved by the Board of Directors on August 12, 2026, and reviewed by the Statutory Auditors. The company expressed regret for the error and is taking immediate steps to rectify the XBRL filing to match the reviewed financial results, with a commitment to resubmit the corrected filing at the earliest.
What to do with a filing like this
Avio Smart Market Stack Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Avio Smart Market Stack Limited. Read the original for the full detail.