The global economy remained resilient during 2026 despite heightened geopolitical tensions, supply chain disruptions in certain regions, and persistent inflationary pressures. According to the International Monetary Fund (IMF) World Economic Outlook Update (July 2026), global growth is projected at 3.0% in 2026, with a recovery to 3.4% in 2027. Growth continued to be supported by investments in artificial intelligence (AI), digital infrastructure, cloud computing, and advanced technologies, although the benefits have been unevenly distributed across regions [source: International Monetary Fund (IMF) World Economic Outlook, July 2026]. Advanced economies experienced moderate growth amid tighter financial conditions and ongoing geopolitical uncertainties, while emerging economies, particularly in Asia, continued to remain important contributors to global expansion. The technology-driven investment cycle, especially in AI infrastructure and semiconductor capacity, has emerged as a significant growth catalyst for the global economy. Global inflationary pressures have moderated compared to earlier peaks; however, the IMF notes that the disinflation trend has slowed, with global headline inflation estimated at 4.7% in 2026 before easing in 2027. Key risks to the global outlook include geopolitical conflicts, supply chain volatility, trade fragmentation, energy price fluctuations, and changing monetary policy environments.
India continued to demonstrate strong economic resilience and maintained its position among the worlds fastest-growing major economies. Supported by robust domestic demand, infrastructure investments, strong services exports, manufacturing expansion, and ongoing government reforms, the Indian economy has remained relatively insulated from global economic volatility.
The Reserve Bank of India (RBI), in its August 2026 Monetary Policy Statement, revised Indias GDP growth projection for FY27 upward to 6.7%, reflecting stronger-than-expected economic performance, resilient private consumption, infrastructure-led investments, and healthy business sentiment. Inflation is projected at around 5.0%, remaining within a manageable range despite global uncertainties.
Government initiatives such as Production Linked Incentive (PLI) Schemes, Digital India, Make in India, PM Gati Shakti, semiconductor manufacturing incentives, and increased capital expenditure on infrastructure continue to strengthen Indias long-term growth prospects. The countrys growing digital economy, expanding electronics manufacturing ecosystem, skilled workforce, and increasing global integration position India as an attractive destination for technology and advanced manufacturing investments.
The global semiconductor industry witnessed another year of robust growth, driven primarily by rapid adoption of Artificial Intelligence (AI), High-Performance Computing (HPC), cloud infrastructure, 5G technologies, automotive electronics, industrial automation, and edge computing applications. Semiconductor demand has become increasingly strategic across industries ranging from consumer electronics and telecommunications to defence, healthcare, and automotive sectors (source: https://www.wsts.org/76/Recent-News-Release ).
According to World Semiconductor Trade Statistics (WSTS), the semiconductor market is expected to record strong double-digit growth during 2026, driven largely by AI accelerators, high-bandwidth memory (HBM), advanced processors, and data centre investments. Memory and Logic segments continue to account for a significant portion of industry growth, supported by hyperscale cloud providers and AI deployments worldwide.
The long-term outlook for the global semiconductor industry remains highly positive, supported by structural demand drivers such as Artificial Intelligence (AI), High-Performance Computing (HPC), cloud computing, automotive electronics, 5G/6G communications, industrial automation, Internet of Things (IoT), robotics, and edge computing. Semiconductors have become a foundational technology for virtually every industry, positioning the sector for sustained growth over the next decade. [ wsts.org ]
Industry analysts project that the global semiconductor market, which is expected to approach US$1 trillion by 2026, could exceed US$1 trillion to US$1.5 trillion by the early 2030s, depending on the pace of AI adoption, digital transformation initiatives, and advancements in next-generation computing technologies. The increasing semiconductor content in automobiles, smart devices, healthcare equipment, industrial machinery, and digital infrastructure is expected to further accelerate industry expansion.
Geopolitical uncertainties and supply chain concentration risks. Talent shortages across semiconductor design and manufacturing disciplines. Rising capital expenditure requirements for advanced technology nodes. Sustainability and energy-efficiency requirements in semiconductor manufacturing. Technology sovereignty initiatives resulting in increased regional competition. The long-term outlook for the semiconductor industry remains highly positive, supported by structural demand trends and the increasing semiconductor content in virtually every connected device and digital system. (Source: [ imf.org ], [ wsts.org ])
The semiconductor industry is expected to remain one of the fastest-growing technology sectors globally over the next decade. The convergence of AI, cloud computing, autonomous systems, advanced communications, and digital transformation initiatives is creating unprecedented demand for semiconductor technologies. Consequently, companies with strong capabilities in semiconductor design, product engineering, embedded systems, AI, and silicon development are well-positioned to benefit from these long-term industry trends. (Source: WSTS Semiconductor Market Forecast, Gartner Semiconductor Revenue Forecast (2026)).
India is rapidly emerging as a strategic participant in the global semiconductor value chain. The country has established a strong reputation in semiconductor design services and is actively expanding capabilities across wafer fabrication, assembly, testing, packaging, equipment manufacturing, materials, and advanced research. Reinforcing Indias growing stature in the global semiconductor ecosystem, Prime Minister Shri Narendra Modi, while addressing Semicon India 2025, stated that the world trusts India, the world believes in India, and the world is ready to build the semiconductor future with India, underscoring the countrys increasing importance as a preferred destination for semiconductor investments and innovation [source: primindia.gov.in ].
The semiconductor industry has emerged as one of the most critical enablers of the global digital economy, powering advancements in artificial intelligence (AI), cloud computing, automotive electronics, telecommunications, industrial automation, consumer electronics, healthcare technologies, and defence applications. Highlighting the strategic significance of semiconductors, the Prime Minister described chips as "Digital Diamonds", emphasizing that while oil shaped the previous century, semiconductors will define the technological and economic landscape of the future.
Industry estimates indicate that Indias semiconductor market, valued at approximately US$38 billion in 2023, is expected to grow to US$100-110 billion by 2030, driven by increasing domestic consumption of electronics, rapid expansion of telecommunications infrastructure, electric vehicles, industrial automation, artificial intelligence, cloud computing, and defence applications. This robust growth trajectory is further supported by Indias ongoing digital transformation, rising technology adoption across sectors, and the increasing localization of electronics manufacturing. (Source: PIB)
India is uniquely positioned to capitalize on the ongoing diversification of global semiconductor supply chains owing to its highly skilled engineering talent, deep semiconductor design expertise, expanding electronics manufacturing ecosystem, favourable policy framework, strategic geographic location, and growing collaborations with leading global semiconductor companies. The country continues to be home to one of the worlds largest semiconductor design talent pools, enabling it to play a critical role across the semiconductor value chain.
Recognizing the strategic importance of semiconductors to economic growth, technological leadership, and national security, the Government of India has launched several initiatives aimed at building a comprehensive semiconductor ecosystem. Through targeted fiscal
The Government of India has emerged as a key catalyst for the industrys development through:
India Semiconductor Mission (ISM) Design Linked Incentive (DLI) Scheme Production Linked Incentive (PLI) Scheme Semicon India Programme Semicon 2.0 Programme Electronics Component Manufacturing Schemes Semiconductor Skill Development Initiatives
incentives, infrastructure development, research support, and regulatory reforms, the Government seeks to strengthen domestic capabilities across semiconductor design, fabrication, assembly, testing, marking, packaging (ATMP), and outsourced semiconductor assembly and test (OSAT) operations. During Semicon India 2025, the Prime Minister reiterated the Governments commitment to simplifying processes and improving ease of doing business, emphasizing that "the lesser the paperwork, the sooner the wafer work can begin."
Several semiconductor fabrication, ATMP/OSAT, and advanced packaging facilities are currently under various stages of implementation across multiple states in India, reflecting growing investor confidence in the countrys long-term semiconductor ambitions. These investments are expected to strengthen indigenous capabilities, facilitate technology transfer, generate high-value employment opportunities, attract global capital, and deepen Indias integration into global semiconductor supply chains.
Looking ahead, the outlook for the Indian semiconductor sector remains highly encouraging. The combination of strong domestic demand, increasing participation by global technology leaders, rising investments in semiconductor manufacturing and design, supportive government policies, and ongoing supply chain diversification is expected to foster sustainable growth across the industry. As India progresses towards becoming a global semiconductor hub, the vision articulated by the Government, encapsulated in the aspiration of "Designed in India, Made in India, Trusted by the World," reflects the countrys ambition to emerge as a globally competitive center for semiconductor innovation, design, and manufacturing.
The outlook for the Indian semiconductor industry remains highly positive. Rising domestic electronics consumption, increasing localization requirements, expanding manufacturing capacities, strong government support, availability of world-class engineering talent, and global efforts to diversify semiconductor supply chains position India as a strategic semiconductor destination.
Over the next decade, India is expected to evolve from a leading semiconductor design destination into a comprehensive semiconductor innovation and manufacturing hub, playing a critical role in the global semiconductor value chain. For companies such as Moschip Technologies Limited, this transformation presents significant opportunities across semiconductor design services, silicon engineering, ASIC development, AI-enabled chip solutions, embedded systems, automotive electronics, and indigenous semiconductor product development.
The recently approved Semicon 2.0 Programme with a fiscal outlay of Rs. 1,27,500 crore is expected to accelerate investments across semiconductor design, manufacturing, equipment, materials, packaging, talent development and supply-chain infrastructure, helping India become a trusted global semiconductor partner.
Building upon the foundation of the India Semiconductor Mission launched in 2021, the Government of India approved the next phase of the semiconductor programme, commonly known as Semicon 2.0, to accelerate the development of a robust, resilient and globally competitive semiconductor ecosystem in the country.
The Government has approved Semicon 2.0 with a fiscal outlay of Rs. 1,27,500 crore, reflecting its long-term commitment to establishing India as a global semiconductor hub. Unlike the first phase, which largely focused on design, fabrication and packaging, Semicon 2.0 adopts a broader ecosystem approach covering the entire semiconductor value chain.
Development of domestic semiconductor supply chains. Promotion of semiconductor equipment and materials manufacturing. Strengthening semiconductor design and indigenous intellectual property (IP) creation. Support for startups, MSMEs and innovation-led semiconductor companies. Deployment-linked incentives for semiconductor products. Talent development, research centres and skill-building initiatives. Enhancing Indias participation in global semiconductor value chains.
Increasing domestic value addition and reducing import dependence.
Semicon 2.0 is expected to:
Accelerate investments across fabrication and packaging facilities. Enhance Indias self-reliance in critical semiconductor technologies. Create high-skilled employment opportunities. Strengthen Indias strategic and technological security. Position India as a trusted global semiconductor manufacturing and innovation destination.
Semicon 2.0 marks the transition of India from being predominantly a semiconductor design destination to becoming a comprehensive semiconductor ecosystem encompassing design, manufacturing, packaging, equipment, materials, research, and innovation. The programme is expected to accelerate investments, create high-value employment opportunities, foster technology innovation, and strengthen Indias position in the global semiconductor value chain. Combined with Indias large engineering talent pool, expanding electronics manufacturing base, and growing domestic demand, Semicon 2.0 has the potential to transform India into one of the worlds most strategic semiconductor destinations over the coming decade. The initiative also creates significant opportunities for semiconductor design and product engineering companies such as MosChip Technologies Limited to participate in Indias semiconductor growth story through advanced chip design, AI-enabled silicon solutions, embedded systems, and product innovation.
Source: https://ism.gov.in/schemes/semicon2.0/index
MosChip Technologies Limited is a leading Silicon and Product Engineering company. We engage customers at different points in the engineering journey - from semiconductor design and turnkey ASIC execution to hardware, embedded software, digital engineering, AI and product life cycle support.
Founded in 1999, MosChip became Indias first publicly listed fabless semiconductor company in 2001. Today, its engineering base spans Hyderabad, Bengaluru, Pune and Ahmedabad in India, and Santa Clara in the United States.
Deep engineering across design, verification, physical implementation, analog and mixed-signal, IP, turnkey ASIC, package/test coordination and post-silicon validation.
Hardware and systems, device software, FPGA, Android and multimedia, digital and cloud, AI, quality engineering, product modernisation and sustenance.
With a team of 1,700+ engineers and domain specialists across India and the USA, our capabilities span ASIC and mixed-signal IP design, FPGA design, verification and validation, embedded systems, IoT solution design, digital systems, computer vision, and AI/MI integration. We work across industries including semiconductors, industrial and home automation, automotive, media and entertainment, consumer electronics, telecommunications, networking, data centres, and healthcare.
Headquartered in Hyderabad, India, and publicly traded, MosChip is committed to being the preferred technology partner throughout the entire product lifecycle, delivering comprehensive, best-in-class solutions on time that enable our clients to achieve their business and operational goals.
During FY 2025-26, MosChip continued to strengthen its market position through investments in global expansion, technology innovation, talent development, and operational scalability. The Company expanded customer engagements across Japan and Korea while strengthening its presence in North America and India. To support growth, MosChip enhanced its global sales leadership and expanded delivery infrastructure, including larger facilities in Hyderabad, Bengaluru and Pune.
Innovation remained a key strategic focus during the year. The Company achieved significant milestones in the development of its Smart Energy Meter Integrated Circuit (IC), including validation of key analog and digital subsystems and completion of communication protocol stack development. MosChip also launched AgenticSky?„?, a proprietary framework designed to accelerate the development of AI-enabled autonomous products across healthcare, industrial automation, and consumer applications. Further, the Company continued to strengthen its platform-led product engineering offerings through ProductXlerate, its product acceleration framework aimed at enabling faster product development cycles, improved engineering efficiency, and accelerated time-to-market for customers across industry verticals.
MosChip further strengthened its semiconductor engineering credentials through strategic collaborations. The Company partnered with EMASS, a Nanoveu company, for the silicon implementation of the ECS-DoT Edge AI System-on-Chip (SoC), providing end-to-end 22nm silicon implementation services. Additionally, MosChip
successfully collaborated with ISROs Space Applications Centre (SAC) on a custom 28nm SoC for Indias satellite navigation program, delivering a complete turnkey ASIC solution from implementation through post-silicon validation.
The Company continued to invest in its human capital, increasing its workforce to over 1,700 professionals while expanding engineering development and talent retention initiatives. During the year, Moschip received a BBB+ long-term credit rating with a Stable Outlook from CRISIL Ratings, reflecting its financial strength and credibility. Further, the amalgamation of wholly-owned subsidiaries, Softnautics Inc. and Softnautics Private Limited, with Moschip Technologies Limited was approved by the NCLT, resulting in a simplified corporate structure and enhanced operational integration.
These initiatives reinforce Moschips commitment to technology leadership, operational excellence, and sustainable long-term growth, positioning the Company to capitalize on emerging opportunities in the global semiconductor and product engineering markets.
Member of TSMCs Design Center Alliance (DCA) enabling us to access cutting-edge technology that enhances our ability to offer turnkey ASIC solutions across the globe.
Moschip Academy of Silicon Systems & Technologies is a dedicated training and innovation Center aimed at fostering the technical skills and expertise necessary for the growth and advancement of Moschip. The institute focuses on enhancing skill sets related to silicon and software. These courses offer hands-on experience to bridge the industry-academia gap.
Our leadership team possesses the required expertise to execute complex projects involving advanced technology nodes, showcasing strong engineering capabilities. With little or no leadership attrition in recent years, we have built a foundation of trust and stability. This continuity has strengthened our ability to deliver on strategic initiatives and maintain a competitive edge. The consistency in leadership has been a key factor in driving innovation and growth.
With an average employee age of 28 years, Moschip mirrors the youthful demographic of India, aligning us with the nations growth trajectory. This dynamic workforce brings energy, innovation, and adaptability, positioning us to contribute significantly to the evolving tech landscape. As we advance, our young talent pool will play a crucial role in shaping the future of the semiconductor industry. Moschip is well-poised to be an integral part of the Semiconductor and Software growth story.
Talent management is a key element of the Companys strategic framework, ensuring a supportive work environment through competitive compensation and career development opportunities. Company follows an analytics-driven, agile hiring ecosystem which enables global scaling, while maintaining local nuances in building a heterogeneous workforce. Moschip is the preferred employer for both entry-level and lateral hires. On-the-job training and access to the latest technologies, facilitated by partnerships with Tier 1 semiconductor players globally, are central to employee advancement. Emphasizing diversity and inclusion, Moschip fosters a culture where employees feel valued, with 32% of the workforce being women. The average employee age is 28 years, aligning closely with Indias median age of 28 years. The Companys attrition is lower than the industry average of 20%, highlighting its strong employee retention and operational efficiency. Moschip is dedicated to fostering growth by creating a future-ready workforce and promoting lifelong learning. Every Moschip associate is encouraged to take charge of their knowledge and career growth. Moschip has increased its fulfillment through internal talent pools by re-skilling and making trainees ready for deployment.
In line with this, the Company has implemented several ESOP plans. The Companys ESOP plans have been crucial in aligning employee efforts with organizational outcomes. The Plan has effectively incentivized senior management, high performers, and future talent, enhancing talent retention and fostering an ownership mindset and has been instrumental in attracting new hires, especially for leadership roles.
This year, our organization deepened its commitment to nurturing fresh talent by expanding our campus hiring initiatives across premier institutions. We believe that the energy, creativity, and curiosity of young professionals are vital to driving innovation and sustaining long-term growth. By investing in young minds, we are not just building a workforce-we are cultivating future leaders.
Recognizing that employee well-being is foundational to organizational success, we conducted a series of holistic wellness sessions throughout the year. These initiatives were designed to support physical health, mental resilience, and emotional balance across all levels of the organization. These efforts reflect our belief that when employees thrive, organizations flourish. By prioritizing well-being, we continue to build a workplace where people feel valued, supported, and inspired.
Risk Management
| Risk Management | Risk Description | Risk Impact | Risk Mitigation |
| Volatile global, political and economic environment (R) | The volatility of geo-political events and macroeconomic changes, like wars, adverse trade policies and continuing high inflation in major economies can impact client spending and also squeeze liquidity. | Active monitoring of the changing geo-political landscape, ensuring business continuity plans and strengthening internal controls against secondary risks continue. | The USA & China trade conflict has the potential to threaten internal security and defense. The risk of conflict in Taiwan poses a risk to semiconductors industry. |
| Recessions | The Companys operations may be adversely affected due to increased interest rates, inflation, increased energy and labor costs, supply chain delays, and geo-political instability. | Monitoring and review by the management. Rigorous implementation of Business Continuity Plans. Regular communication with customers and vendors. Setting up rigorous and innovative talent acquisition plans to mitigate talent hiring challenges. Mandating appropriate health and safety norms and advisories. | |
| Currency Risk | Volatility in functional currency (INR) against major currencies may cause fluctuation in the reported revenue, profitability / margins, which may impact stakeholder perceptions of the underlying business momentum and profitability. | Currently, The company generates a significant portion of its revenue in USD and makes cash payouts in INR. Despite the depreciation of the rupee, this arrangement has not adversely affected the company. | |
| Attrition Risk | In a knowledge industry, growth is dependent on the ability to attract, develop, inspire, and retain talent. New emerging technology areas also require niche skill sets, and talent scarcity in the industry may result in attrition in these areas. | The management regularly evaluates the hedging policy to minimizing the impact of exchange rate volatility. | |
| Intellectual Property Risk | The risk of inadequate protection of the intellectual property rights of our customers can lead to reputational damage and litigation. Risk of infringement of IP of customers, suppliers, partners and alliance organizations associates may lead to potential liabilities, increased litigation and reputation impact. | Robust data security protection and controls to prevent unauthorized access and/or transfer. Strict physical access controls for employees across customer centers and secure areas. Regular internal audits to comply with customer requirements of confidentiality and data protection. |
| Risk Description | Risk Impact | Risk Mitigation |
| Competition risks | The competitive landscape exerts pricing pressures and demands continual investments to strengthen physical and digital infrastructure, tools, platforms, skills, competencies, and product and service portfolios. | There is a focus on providing higher value and differentiated services and venturing into new business models. |
| Compliance risks | We are exposed to various laws and regulations. | The Company has an in-house compliance team that monitors compliance. The team receives updates on changes in regulations from specialist consultants and circulates the same internally. |
| Litigation risks | Litigation risks might arise from commercial disputes, alleged violation of IPR, personal data/information breach incidents/claims and employment related matters. The Companys rising profile and scale also makes it an attractive target for merciless lawsuits. These lead to reputation risk, legal expenses and adverse rulings can result in substantive damage. | Strong processes, controls and governance for compliance to contractual obligations, information security and IP policy. |
| Data protection and privacy compliance | In a connected world, businesses are highly vulnerable to cyberattacks, leading to loss of data and damage to reputation. | The Company has a stringent cybersecurity policy that ensures the timely resolution of incidents. Keeping up to date with regulatory changes, training and awareness for all stakeholders and strong governance at regional and enterprise level has continuous focus. As a DCA (Design Center Alliance) member of TSMC, the company undergoes various security audits at regular intervals to meet client requirements. |
| FY26 | FY25 | Growth YOY% | |
| Particulars | 58,515 | 46,684 | 25.34 |
| Income from Operations | 6,512 | 5,995 | 8.64 |
| EBITDA | 4,158 | 3,355 | 23.97 |
MosChip Technologies Limited delivered a strong financial performance in FY26, reporting consolidated income from operations of Rs. 58,515 lakhs, representing a healthy 25.34% year-on-year growth over Rs. 46,684 lakhs in FY25. The growth was driven by sustained demand across the Companys semiconductor design and embedded engineering services businesses.
The Companys operating performance remained resilient, with EBITDA increasing to Rs. 6,512 lakhs in FY26 from Rs. 5,995 lakhs in FY25, registering a growth of 8.62%. Profitability also witnessed a significant improvement, with Profit Before Tax (before exceptional items) rising to Rs. 4,158 lakhs from Rs. 3,355 lakhs in FY25, reflecting a robust 23.93% year-on-year growth.
The strong growth in revenue and earnings during FY26 underscores the Companys continued focus on expanding customer relationships, strengthening delivery capabilities, and enhancing operational efficiencies, thereby reinforcing its position as a leading semiconductor and product engineering services provider.
Revenue Growth Over the last five years, the Company has sustained robust revenue growth momentum with CAGR of 41% as shown below (The figures mentioned in graph are in crores):
[Image: Revenue Growth CAGR 41% - FY22: 148 (40%), FY23: 198 (34%), FY24: 294 (48%), FY25: 467 (59%), FY26: 585 (25%)]
Revenue from Operations grew from Rs. 466.84 crores to Rs. 585.15 crores, an increase of 25.34% EBITDA grew from Rs. 59.95 crores to Rs. 65.12 crores, an increase of 8.62% Profit before tax (before exceptional item) is increased from Rs. 33.55 crores to Rs. 41.58 crores, an increase of 23.93%
The figures mentioned in graph stated below are in crores.
[Image: Revenue - FY24: 294 (48%), FY25: 467 (59%), FY26: 585 (25%)]
[Image: Profit Before Tax (PBT) - FY24: 11.3 (3.9%), FY25: 33.7 (3.9%), FY26: 41.6 (7.0%)] % refers PBT to revenue
Market Capitalisation The Companys market capitalization grew from Rs. 361 crore in FY21 to Rs. 3,640 crore in FY26, driven by sustained business growth, improved financial performance, and increasing investor confidence in the Companys future growth trajectory.
Net Worth The Companys net worth increased from Rs. 52.9 Crores in FY21 to Rs. 408.5 Crores in FY26, registering a CAGR of approximately 50.5% during the period. The growth reflects the successful execution of organic and inorganic growth strategies and consistent profitability.
[Image: Market Cap. (in Cr.) - FY21: 361, FY22: 973, FY23: 1,046, FY24: 1,666, FY25: 2,880, FY26: 3,640]
[Image: Net Worth (in Cr.) - FY21: 52.9, FY22: 65.3, FY23: 113.07, FY24: 269.4, FY25: 328.08, FY26: 408.5]
| Particulars | FY 2026 | FY 2025 |
| Current ratio; (no. of times) | 1.62 | 2.39 |
| Inventory Turnover Ratio | NA | NA |
| Debt \u2013 Equity Ratio (no. of times) | 0.22 | 0.06 |
| Debt service coverage ratio; (no. of times) | 1.74 | 4.26 |
| Return on Equity (ROE) | 10% | 11% |
| Trade receivables turnover ratio | 3.86 | 5.19 |
| Trade payables turnover ratio | 2.69 | 9.93 |
| Net capital turnover ratio | 3.64 | 4.33 |
| Operating Profit Margin | 8% | 9% |
| Net profit ratio | 6% | 7% |
| Return on capital employed (ROCE) | 10% | 12% |
i. Decrease in Current Ratio is due to increase in current liabilities. ii. Increase in Debt to Equity Ratio and Decrease in Debt Service Coverage Ratio is due to increase in short term borrowings. iii. Decrease in Trade Receivables Turnover Ratio is due to increase in Trade Receivables. iv. Decrease in Trade Payables Turnover Ratio is due to increase in Trade Payable.
Corporate Overview Statutory Reports Financial Statements Notice
MosChip Technologies has implemented a robust internal control system designed to support the scale and complexity of its growing operations. This framework ensures accountability, financial discipline, and compliance with applicable regulations.
The internal control environment is anchored on the following core element:
A well-defined organizational structure with clearly assigned roles, responsibilities, and reporting hierarchies;
Documented policies and standard operating procedures that govern key financial, operational, and compliance-related activities;
Quarterly internal audits conducted by an independent internal audit function to assess control effectiveness, identify gaps, and recommend improvements;
Oversight by the Audit Committee of the Board, which monitors the implementation of audit findings on quarterly basis and ensures timely corrective actions.
The statutory auditors have also independently audited the internal financial controls over financial reporting as of 31st March, 2026. They have opined that adequate internal controls over financial reporting exist and that such controls were operating effectively.
The Company has followed the accounting treatments prescribed under the applicable Accounting Standards in the preparation of its financial statements. Accordingly, there is no instance of any treatment being followed that is different from that prescribed in an Accounting Standard. Hence, disclosure of any alternative accounting treatment and the managements explanation thereof is not applicable.
This Management Discussion and Analysis contains certain forward-looking statements that reflect the Companys current expectations, estimates, assumptions, and projections regarding future events and business performance. These statements are subject to various risks, uncertainties, and other factors, many of which are beyond the Companys control, that could cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. Readers are therefore cautioned not to place undue reliance on these forward-looking statements and are encouraged to evaluate them in the context of the associated risks and uncertainties.
The forward-looking statements contained herein are based on information available as of the date of this report. The Company undertakes no obligation to publicly revise, update, or modify any forward-looking statements, whether as a result of new information, future events, or otherwise. While the Company remains confident in its long-term strategy and growth prospects, actual outcomes may be materially impacted by factors such as changes in global and domestic economic conditions, industry trends, regulatory developments, technological advancements, geopolitical events, market dynamics, and other unforeseen circumstances.
For and on behalf of the Board of Directors
K.Pradeep Chandra Director and Chairman Din:05345536
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