Power Mech Projects has announced corrections to its consolidated financial statements for the quarter and year ended March 31, 2026. The company identified typographical errors in the statements of assets and liabilities submitted on May 20, 2026.
The revised financial statements reveal a correction in the figures for Current Tax Asset (net) and Other Current Assets. Initially, the Current Tax Asset (net) was reported as ₹629.35 crore, while Other Current Assets were shown as ₹13.41 crore. The corrected figures reverse these amounts, with the Current Tax Asset (net) now at ₹13.41 crore and Other Current Assets at ₹629.35 crore.
Power Mech Projects assures stakeholders that these typographical corrections do not impact the final figures reported in the balance sheets submitted earlier. The company emphasises that these adjustments will not affect any stakeholders and requests that this clarification be read in conjunction with the financial results submitted on May 20, 2026.
The company has provided the corrected financial statements as Annexure-1 in their filing. Power Mech Projects has reiterated its commitment to maintaining transparency and accuracy in its financial reporting.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).