Power Mech Projects Ltd. Corrects Typographical Errors in Q4 FY26 Audited Financial Results
Power Mech Projects Limited corrected typographical errors in its consolidated financial results for the quarter and year ended March 31, 2026. The errors involved swapping figures for 'Current Tax Asset (net)' and 'Other Current assets'. The company stated these corrections do not alter the reported financial figures.
The company explicitly states that the typographical corrections do not impact the final reported figures and will not affect any stakeholders, indicating a minimal impact.
The announcement is a correction of typographical errors and does not involve any new financial performance data or strategic changes that would positively or negatively impact the company's outlook. The impact of the correction is stated to be nil.
Power Mech Projects Limited has issued a clarification regarding typographical errors found in the consolidated financial statements for the quarter and year ended March 31, 2026. These statements were originally submitted on May 20, 2026. The errors were inadvertent and pertain to the 'Current Tax Asset (net)' and 'Other Current assets' lines in the Statement of Assets and Liabilities.
Specifically, the figures for 'Current Tax Asset (net)' and 'Other Current assets' were inadvertently swapped. The published financials showed ₹629.35 crore for Current Tax Asset (net) and ₹13.41 crore for Other Current assets, whereas the corrected financials show ₹13.41 crore for Current Tax Asset (net) and ₹629.35 crore for Other Current assets. The company has confirmed that these corrections do not impact the final reported figures in the balance sheets submitted on May 20, 2026, and will not affect any stakeholders.
The company has provided the corrected financial statements as Annexure-1. This announcement serves as a correction to the previously submitted audited financial results for the period ending March 31, 2026. The independent auditors' reports for both standalone and consolidated results for the year ended March 31, 2026, are also included, detailing the audit process and scope.
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Power Mech Projects Limited filed this with the NSE as a statutory disclosure, categorised under other results related. 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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