K K Silk Mills Rectifies Annual Report Error
K K Silk Mills Ltd has issued a revised Annual Report for FY 2025-26 to correct a minor technical error in the financial statements. The error involved an incorrect formula link in an Excel working sheet, leading to a mismatch in the Balance Sheet totals due to an incorrect depreciation figure. The company clarified that this was an inadvertent, technical error and not a change in accounting policy. The revised report includes corrected figures for Depreciation, Net Profit, and Balance Sheet totals, with Net Profit changing by less than 2%. The company has also updated Annexure C with director names. The correction is deemed to have no material impact on the company's financial position or investor understanding.
Key Highlights
- Annual report revised due to technical error in financial statements.
- Depreciation figure error caused minor Balance Sheet mismatch.
- Net Profit impact is less than 2%, deemed immaterial.
- Revised report submitted in compliance with SEBI LODR regulations.
Price Impact
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