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Awaiting price reaction for this filing.
Dhanashree Electronics has clarified that a word was mistakenly omitted in point ix(a) of Annexure 'B' to its Independent Auditor's Report for the period ending March 31, 2024, causing an incorrect remark to appear. The corrected statement reads: 'The Company has not defaulted in the repayment of loans to banks or other borrowings from any lender.' The statutory auditor, Surana Sunil & Co., has separately confirmed the same, stating the company made no default on loan repayments during FY2023-24. The company has asked stakeholders to take the correction on record.
This is a procedural correction of a clerical error in the audit report, not a financial event. Shareholders can be reassured that the company is clarifying there were no loan defaults; the stock price is unlikely to be materially affected.