The Exchange had sought clarification from Diffusion Engineers Limited for the quarter ended 31-Dec-2024 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 is not as per format prescribed under Schedule III of the Companies Act, 2013. The response of the Company is enclosed.
DIFFNKG · price
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The NSE had asked Diffusion Engineers to explain why its financial results for the quarter ended 31-Dec-2024 did not follow the standard format prescribed under Schedule III of the Companies Act, 2013, as required under Regulation 33 of SEBI's listing rules. The company has now submitted its response to the exchange. This is a procedural/formatting query rather than an allegation of financial misstatement. No penalty or enforcement action has been mentioned in the filing.
Minor procedural issue with no immediate impact on shareholders or stock price. Investors should watch for any follow-up action from the exchange if the clarification is not deemed satisfactory.