The Exchange had sought clarification from Den Networks 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 not signed by authorized signatory/ies The response of the Company is enclosed.
DEN · price
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Den Networks responded to a clarification sought by NSE regarding the financial results for the quarter and year ended March 31, 2025, which were apparently not signed by the usual authorized signatory. The company explained that it does not have a Managing Director or Whole-Time Director, and the Chairman was travelling abroad and unavailable to sign. The Board had therefore authorized Mr. Rajendra Dwarkadas Hingwala, an Independent Director, to sign the audited standalone and consolidated results under Regulation 33(2) of the SEBI LODR Regulations. The company also noted that this authorization was already disclosed in the original board meeting outcome filed with the exchange.
This is a routine compliance clarification with no material impact on the company's financials or operations. The financial results themselves stand as filed, and the absence of a Managing Director may be a point investors monitor for governance reasons.