Mahindra EPC Irrigation Ltd Issues Revised Financial Results for Q2 2025; Clarifies Typographical Error

 Mahindra EPC Irrigation Ltd Issues Clarification and Submits Revised Financial Results for September 2025 Quarter

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Mahindra EPC Irrigation Limited, a leading company in India’s micro-irrigation sector and part of the Mahindra Group, has submitted a clarification and revision to the stock exchanges—BSE and NSE—regarding its unaudited consolidated financial results for the period ended September 30, 2025. The revision pertains to a minor typographical error identified in the column heading of its previously submitted financial statement.

Clarification Submitted to Stock Exchanges

In an official communication dated October 24, 2025, addressed to the General Managers of BSE Limited and the National Stock Exchange of India Limited, the company confirmed that the Board of Directors had approved and submitted the unaudited consolidated financial results for the quarter and half-year ended September 30, 2025, during its meeting held on October 17, 2025.

However, the management discovered a typographical oversight in the original submission where the column heading was incorrectly labeled as “Nine Months Ended” instead of “Six Months Ended.” The revised statement corrects this clerical error. The company emphasized that no other figures or financial data were affected by this mistake.

Mahindra EPC Irrigation Ltd expressed regret for the unintended inconvenience caused and formally requested both stock exchanges to replace the earlier submission with the corrected version. The clarification letter was signed by Ratnakar Nawghare, the Company Secretary and Compliance Officer, who also holds membership number A8458 with the Institute of Company Secretaries of India.

Board Meeting and Responsibility

The correction stems from the company’s commitment to transparency and accuracy in financial disclosures. The Board meeting on October 17, 2025, was convened in accordance with Regulation 33 of SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates all listed companies to submit quarterly and half-yearly financial results based on Indian Accounting Standards (Ind AS) and ensure accurate public disclosure.

The Nashik-based Mahindra EPC Irrigation Ltd, with its registered office at Plot No. H-109, MIDC, Ambad, Nashik, continues to engage with investors and regulators proactively, maintaining its reputation for strong governance practices.

Independent Review by B S R & Co. LLP

Both standalone and consolidated financial statements for the quarter ending September 30, 2025, were independently reviewed by B S R & Co. LLP, Chartered Accountants, Pune. The audit firm performed a limited review in accordance with Standard on Review Engagement (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity,” issued by the Institute of Chartered Accountants of India (ICAI).

Unlike a full audit, a limited review focuses on analytical procedures and inquiries rather than detailed verification of all financial figures. Nevertheless, B S R & Co. LLP’s review provides stakeholders with reasonable assurance that the results comply with the relevant accounting standards and SEBI regulations.

In its signed report dated October 17, 2025, the firm confirmed that nothing had come to their attention suggesting any material misstatement in the financial statements. The firm stated that Mahindra EPC Irrigation Limited’s financial statements were properly presented according to Indian Accounting Standard 34—Interim Financial Reporting—and that all information required under Regulation 33 of the SEBI Listing Regulations had been adequately disclosed.

Scope of Reviewed Entities

The consolidated financial statements reviewed by the auditors encompass the results of the parent company, Mahindra EPC Irrigation Limited, along with its joint venture, Mahindra Top Greenhouses Private Limited. This inclusion ensures a holistic financial view of both the parent company’s performance and its participation in the joint venture business.

B S R & Co. LLP also stated explicitly that their limited review procedures conformed with SEBI’s circular issued under Regulation 33(8), ensuring compliance with all applicable disclosure norms.

Correction and its Implications

The company clarified that the revision was purely typographical and did not affect any of the financial results or other data disclosed in the report. Such typographical amendments are common in corporate financial communications and generally have no impact on reported performance or investor interpretation.

Still, by issuing this clarification promptly, Mahindra EPC Irrigation Limited has reaffirmed its adherence to corporate governance principles. Timely corrections such as these help maintain investor confidence and regulatory compliance, especially in a transparent environment where listed entities are expected to uphold the highest disclosure standards.

The transparency exhibited in this announcement also reflects the Mahindra Group’s larger commitment to ethical business practices and operational integrity across its diversified portfolio.

Corporate Overview

Mahindra EPC Irrigation Limited is one of India’s established leaders in the micro-irrigation systems industry, focusing on efficient water management solutions for farmers and agricultural enterprises. The company designs, manufactures, and installs drip and sprinkler irrigation systems, greenhouse structures, and other precision agriculture equipment. By integrating innovation with sustainability, Mahindra EPC aims to enhance agricultural productivity while conserving vital water resources.

The company operates across multiple states in India and provides end-to-end support, including agronomic guidance through its Agri Helpline (1800 209 1050). Its customer-first approach and technological capability have positioned it as a key player in the organized irrigation market.

The Role of Accuracy in Financial Reporting

Accuracy in financial reporting is pivotal for any listed entity. Even a seemingly minor error in headings or data tables can lead to misinterpretation by analysts, investors, or regulators. Mahindra EPC’s prompt submission of corrected results demonstrates its proactive governance ethos and its awareness of the importance of precise disclosure.

From a compliance standpoint, SEBI’s Listing Regulations underscore the responsibility of companies to ensure that all publicly shared financial data reflect true and fair views of the company’s performance. The company’s swift move to rectify the error safeguards investor interests and aligns with the spirit of transparent reporting.

Partner Certification and Auditor’s Signature

The limited review report for both standalone and consolidated results was signed by Sucheta Kolhatkar, Partner at B S R & Co. LLP, holding Membership No. 114192. The reports carried unique document identification numbers (UDINs) for authentication and record-keeping purposes.

The firm’s Pune office at the Westin Hotel Campus, Koregaon Park Annex, was responsible for conducting the review. The reports explicitly mention that no significant concerns or deviations were found and that the company’s preparation of financial data adhered to Ind AS measurement and recognition principles.

Conclusion

With this clarification dated October 24, 2025, Mahindra EPC Irrigation Ltd has effectively addressed a typographical issue in its earlier filing. More importantly, the company’s transparency and swift engagement with regulatory authorities underscore its commitment to corporate governance and investor trust.

By maintaining punctual communication with both BSE and NSE while ensuring that independent auditors validate its reporting, Mahindra EPC continues to demonstrate strong accountability standards. The event serves as a reminder of the company’s attention to detail, reinforcing confidence among shareholders, investors, and stakeholders who closely follow its financial performance.

https://www.bseindia.com/xml-data/corpfiling/AttachLive/f21af5b2-3594-4af3-98c7-d78a9d14984d.pdf