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Other Textile Products
Clarification11 Sept 2026, 02:48 pm

K K Silk Mills Rectifies Minor Error in FY26 Annual Report

AI Summary

K K Silk Mills Ltd has issued a revised Annual Report for FY 2025-26 to correct a minor technical/formula-linking error in its financial statements. The error, identified in an Excel working sheet, led to an inadvertent incorrect linking of the Depreciation figure in the Statement of Profit & Loss, causing a minor mismatch in Balance Sheet totals. The company clarifies this was an unintentional, technical error and not a change in accounting policy or estimate. The revised report includes corrected Depreciation and Net Profit figures in the Board's Report and Financial Statements, as well as updated Balance Sheet totals. The variance in Net Profit is less than 2%, with no material impact on the company's overall financial position or investor understanding. The revised report supersedes the earlier submission.

Key Highlights

  • Minor technical error in FY26 Annual Report's financial statements rectified.
  • Depreciation figure linkage error caused minor Balance Sheet mismatch.
  • Net Profit variance is less than 2%, no material impact stated.
  • Revised Annual Report submitted, superseding previous filing.
  • Error was inadvertent and technical, not policy-related.