The Exchange had sought clarification from Atlas Cycles (Haryana) Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.

Atlas Cycles submitted a clarification to NSE confirming that the date (24th May 2025) and place (Sahibabad) of signing on the Statement of Impact of Audit Qualifications are the same as those on its financial results. Along with this, the company filed its Statement on Impact of Audit Qualifications for FY ended 31-Mar-2025. Standalone financials show total income of Rs. 28.80 crore, reported net profit of Rs. 9.51 crore (EPS Rs. 14.63), which drops to an adjusted net profit of Rs. 8.29 crore (EPS Rs. 12.75) after audit adjustments. The statutory auditor issued a qualified opinion, flagging five recurring issues (all for the 5th consecutive year): non-provisioning of interest on overdue payments to creditors and MSMEs, non-recognition of deferred tax, default in inter-corporate loan repayment with Rs. 4.95 crore of accumulated interest not booked (Rs. 99 lakh for FY25 alone), unpaid statutory audit fees of Rs. 1.39 crore, and non-compliance with FEMA on unrecorded export advances of Rs. 43 lakh.