Disclosure of reason for delay in Submission of Financial Result for the Quarter ended June 30, 2025- Regulation 33 of SEBI (LODR) Regulation, 2015.
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Esaar (India) Ltd has informed BSE about why it delayed filing its financial results for the quarter ended June 30, 2025. The company's Statutory Auditor resigned on August 11, 2025, creating a casual vacancy. After evaluating candidates and getting Board approval, the company appointed B.L. Dasharda & Associates as the new Statutory Auditor on August 23, 2025, under Section 139(8) of the Companies Act, 2013. The delay in finalising results was directly caused by the time needed to bring in the replacement auditor. BSE had queried the company on September 12, 2025, and this letter is the company's formal response acknowledging the lapse and assuring future compliance.
This is an explanatory disclosure with no direct impact on shareholders' value. However, it signals governance weakness — sudden auditor exits often raise red flags about internal controls or financial reporting quality, and investors may want to scrutinise the upcoming Q1 results carefully once they are filed.