The Exchange had sought clarification from Carraro India 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 in XBRL with discrepancies The response of the Company is enclosed.
CARRARO · price
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Awaiting price reaction for this filing.
Carraro India filed its Q4 FY25 (quarter ended 31 March 2025) financial results with the stock exchanges on 27 May 2025. While submitting the results in XBRL format, the company inadvertently tagged the results as 'audited' instead of 'unaudited', even though the results were actually unaudited. NSE raised a query on this discrepancy, and after the company's initial response, the exchange asked for a revised XBRL filing. The company has now resubmitted its reply and is filing the corrected XBRL, while confirming the actual financial numbers remain unchanged. The company has also pledged to strengthen its internal maker-checker process to prevent such errors going forward.
This is a procedural/technical correction in XBRL tagging and does not change the actual financial results. No material impact on shareholders or stock price is expected, though it highlights a minor lapse in filing compliance.