TIL FY26 Results Approved; Auditor Flags 10670 Lakhs DTA

TIL Limited's Board of Directors, in a meeting on May 28, 2026, approved the standalone and consolidated audited financial results for the fourth quarter and financial year ended March 31, 2026. The independent auditor, Singhico & Co., issued a Qualified Opinion on the standalone annual financial results. The qualification stems from the recognition of Deferred Tax Assets (DTA) amounting to 10670 lakhs (net), including 1075 lakhs recognized for the year. The auditor noted that the company incurred losses and lacked sufficient appropriate audit evidence to support management's assumptions regarding future profitability, which are crucial for the utilization of these DTAs. Consequently, the auditor could not determine the possible effect on the carrying value of the Deferred Tax Assets and the reported loss for the year. Other disclosures, including related party transactions and deviation statements, were also enclosed.