Intimation of adoption of accounts on quarterly basis.
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Bondada Engineering Ltd has announced it will start declaring and publishing quarterly financial results on a regular basis, starting from Q3 of the current financial year. The company has also adopted Indian Accounting Standards (Ind-AS) from the current financial year. These changes are aligned with the company's transition and migration to the Main Board of the stock exchange. The move reflects the company's intent to improve transparency, comparability, and timeliness of financial disclosures for stakeholders. The announcement was made under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a positive signal for shareholders as more frequent reporting and adoption of Ind-AS will improve transparency and bring the company's reporting in line with larger listed peers. The migration to the Main Board could attract more institutional investors and potentially improve stock liquidity and valuation.