The Exchange had sought clarification from Bharat Dynamics 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. Consolidated Financial Results not submitted -2. Financial results submitted in XBRL with discrepancies The response of the Company is enclosed.
BDL · price
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Bharat Dynamics Limited (BDL) responded to NSE's queries under SEBI Listing Regulations regarding its March 2025 quarterly results. On the first point, the company explained that it did not submit consolidated financial results because its investments in two Section 8 not-for-profit entities (Electronic Warfare and Advanced Materials Defence Testing Foundations) are not consolidated, as BDL has no rights to variable returns beyond its equity stake. On the second point, the company admitted an inadvertent error in the XBRL filing where the tax expense for the quarter was wrongly reported as ₹16,047.81 lakh instead of the correct ₹10,540.31 lakh, causing a mismatch between the XBRL and PDF profit figures. BDL has requested permission to refile the corrected XBRL results.
This is a procedural clarification with no material impact on the company's financials or business. The tax figure correction of about ₹5,500 lakh would affect the XBRL-reported profit, but the PDF version filed earlier already had the correct numbers. Shareholders should watch for the revised XBRL filing but no fundamental concerns are indicated.