The Exchange had sought clarification from Choice International 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. Limited Review Report/ Independent Auditor's Report is not in the format prescribed by SEBI The response of the Company is enclosed.
CHOICEIN · price
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The NSE had asked Choice International to explain two issues with its March 2025 quarter results filed under SEBI's Listing Regulation 33. First, the consolidated auditor's report from MSKA & Associates had a typographical error (it incorrectly mentioned 'March 31, 2024' instead of 'March 31, 2025') and was not in the SEBI-prescribed format. Second, the financial results were submitted 5 minutes late on NSE due to a technical glitch, though they were filed on time on the BSE platform. The company has now submitted a revised consolidated auditor's report and a complete set of revised financial statements to address the exchange's observations. Alongside, Choice International reported its full audited consolidated FY25 results, with total income of about Rs 953 crore and profit after tax of about Rs 163 crore, broadly in line with its diversified broking, advisory and NBFC businesses.
This is a minor procedural compliance clarification, not a financial or governance concern. No SEBI penalty or adverse action has been indicated, and the issues (a typo and a 5-minute upload delay) have been rectified. Shareholders are unlikely to see any meaningful impact on the stock from this filing.