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BCt @ lso E001 : 2008 Regd. Off.: Gul No 399 Samangaon Kajala Phala Jalna-Ambad Road, LAXMI COTSPIN LIMITED Opp l!,leenatai Thakare Vridhashram, JALNA - 431 203. (M.S.) lndia ofi. 09765999633 E mail: ad mlf@laxmicotspir.com . Web S te: wvu axmicotsp n.com (A Govt. Recognized Star Export House & NSE Listed Company ) . clN N0 - L'17120MH2005P1c156866 GsT No 2TAAECl!151864121 Date Ref. No. Date:06/07 /2026 National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra Mumbai - 400051 Ref.: ISIN: INEB01V01019 SyMBOL: LAXMICOT subject: clarification on Financial Resurts for the euarter and Financiar year Ended 31st Marcb,2026 Dear Sir/Madam, with reference to your email dated 03rd Jury, 2026 seeking clarification in respect ofthe fF inin aa nn cc iaia l l y eR ae rs u el nts d es du 3b 1m si tt t Med a rb cy i, t zh o^e z- e c ,o *m " p uun rry , o ton si ui" bi m i, t1 t" hv e, 2 fo0 ll2 ow6 info gr cth rae r iq ficu aa tr iote nr s :and iT nh -ce a c seo m ofp man oy d h ifa ies d n oot p s inu iobm n(i stt )ed the statement of Impact of Audit Quarifications The statement of Impact of Audit Qualifications, as applicabre for the modified opinion(s) on both the Standalone and consolidated Financiar statements, is being submitted herewith. Machine-Readable / Legible Copy of Financial Results A Re m sua ltc s h ii sn e be-r ie na gd sa ub ble m ia ttn ed d r he eg ri eb wle i thco ip *y yo of u t .h .e .. oS .ta an ,d ,a nro in e and consoridated Financial reference. Discrepancy in Financial Results Submitted in XBRL Format Y to_ rt m_- aY t,: '1 th9 el ik Ee rt no c gl sa r pif eu rt h Sa ht i rn (t Ehe sS )t a fond a rr hon ;e F uin ;;a ;n ;.c iar Results submitted in pDF 2co 02rr 6e c isr ly c or re rep co tr lyre rd e pa os rR res d. f a1 s. 1 R6 ;) . (3 1r .i 1a 0 t ).r* EpS i;; il;;;ance iand l e yd e a3 r1 es nt dM eda r 3ch 1, s t2 M02 a6 rc his , JALNA Branch office : 3rd Floor, KK chambers, PT Marg, DN Road, Near cathedral School, Fort, N/umbai - 400 001 (MS) ln ta However, while filing the financial results in XBRL format, the EpS for the quarter ended 31st March, 2026 was correctly reported as Rs. (1.1-6J, but due to an inadvertent typographical error, the EPS for the financial year ended 31st March, 2026 was mistakenly reported as Rs. (1.1-6J instead ofthe correct figure of Rs. (1.1-0). we wish to confirm that the aforesaid discrepancy was purely inadvertent and clerical in nature. There has been no change whatsoever in the financial results approved by the Board of Directors and submitted by the Company. we request you to kindly take the above clarification on record and treat the matter as duly complied with. Thanking you, Yours faithfully, For laxmi Cotspin Limited JATNA Sanjay Kachrulal Rathi Director DIN: 00182739 Independent Auditor's Report on the Quarterly and Year to Date Audited Consolidated Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The Board of Directors of LAXMI COTSPIN LIMITED Qualified Opinion We have audited the accompanying statement of quarterly and Year to date Consolidated financial results of LAXMI COTSPIN LIMITED (“the Company”) for the quarter and year ended March 31, 2026 (‘Statement’). Laxmi Cotspin Limited is required to comply with the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). In our opinion and to the best of our information and according to the explanations given to us these Consolidated financial results except for the matters described in the Basis for Qualified Opinion effect whereof is presently unascertainable for: 1. Includes the annual financial results of the following entities: a) Laxmi Cotspin Limited (Holding company) b) Laxmi Spintex Private Limited (Wholly owned subsidiary company) c) Laxmi Surgical Healthcare Private Limited (Wholly owned subsidiary company) 2. are presented in accordance with the requirements of the Listing Regulations in this regard and 3. gives a true and fair view in conformity with the recognition and measurement principles laid down in the Indian Accounting Standards (“Ind AS”) and other accounting principles generally accepted in India, of the net loss and other comprehensive income and other financial information of the company for the quarter and year ended March 31, 2026. Basis for Qualified Opinion We conducted our audit of the Consolidated financial statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the “Auditor’s Responsibilities for the Audit of the Consolidated Financial Results” section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the Consolidated financial results under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 1. In the absence of proper inventory records and supporting documentation, we are unable to ascertain the correctness of the quantity, condition, and valuation of inventory as of March 31, 2026. As informed to us, the inventory has been valued by Management based on estimates and approximations. Consequently, we are unable to determine the impact on the cost of goods sold, loss for the period, closing inventory, and related disclosures in the Statement. 2. During the period, the Company has advanced loan to its wholly owned subsidiary (Laxmi Spintex Private Limited). However, the Company has not taken board approval and has not complied with certain statutory requirements relating to the said advance, as required under applicable provisions of the Companies Act, 2013 and Rules thereunder. In the absence of the above compliances and supporting documentation, we are unable to comment on the completeness, appropriateness, and regulatory compliance of the said advance, as well as any consequential financial impact arising therefrom. 3. The Company has given a significant advance to one of the creditors. Based on available information reviewed by us, there are indicators of financial stress relating to entities connected with the said creditor, creating uncertainty regarding the end-use and recoverability of the advance. No provision or impairment has been evaluated or recognized in accordance with Ind AS 109. In the absence of adequate evidence, we are unable to determine the accuracy of the carrying amount of this advance and its possible impact on the accompanying Statement. 4. During the previous financial year, the Company recorded the sale of land to its subsidiary, Laxmi Spintex Private Limited. However, we observe that as of March 31, 2026, the legal formalities for the registration of the sale deed have not been completed. In the absence of a registered sale deed and the consequent transfer of legal title, we are unable to obtain sufficient appropriate evidence to conclude whether the transaction of land sale has taken place or whether the risks and rewards of ownership have been effectively transferred to the subsidiary. Further, the Company has also not considered reversal of the aforesaid land sale transaction in the books of account pending completion of the legal transfer formalities. 5. The Company has not assessed and recognized Expected Credit Loss (“ECL”) provision on trade receivables outstanding for a period exceeding three years, as required under Ind AS 109 – “Financial Instruments”. In the absenc [Showing first 8,000 characters — download PDF for full document]