StockWatch
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Household Appliances
Clarification24 Jul 2026, 08:10 pm

TTK Prestige Corrects Annual Report COGS Disclosure; No Financial Impact

AI Summary

TTK Prestige Ltd has issued a clarification regarding an inadvertent error in the presentation of 'Cost of Goods Sold' in its Annual Report for the year ended March 31, 2026. The error involved an inter-se reclassification of ₹52.95 crores between 'Cost of Materials Consumed' and 'Purchase of Stock-in-Trade' on pages 129 and 187. The company emphasizes that this reclassification does not affect the total cost of goods sold, nor does it impact any other financial results, profitability, EPS, cash flows, or net worth. The corrected Annual Report has been updated and uploaded to the company's website. TTK Prestige regrets any inconvenience caused by this oversight.

Key Highlights

  • Correction in Annual Report's 'Cost of Goods Sold' presentation.
  • Reclassification of ₹52.95 Cr between cost components.
  • No impact on total COGS or overall financial results.
  • Corrected Annual Report is available on the company website.
  • Company regrets the inadvertent error.