The Exchange has sought clarification from Gallantt Ispat 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 is required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is awaited.
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NSE has asked Gallantt Ispat to clarify its financial results for the quarter ended 31-March-2025 because the submitted results do not follow the format prescribed under Schedule III of the Companies Act, 2013 or Indian Accounting Standards, as required by SEBI's Listing Regulations. The query was raised under Regulation 33 of the SEBI LODR Regulations, 2015. The company's response is still awaited, and no financial details or corrective action have been disclosed yet.
This is a compliance-related query, not a penalty or enforcement action. If the company fails to respond satisfactorily, it could attract further regulatory scrutiny or delays in final results recognition, which may cause short-term uncertainty for shareholders.