The Exchange had sought clarification from Garuda Construction and Engineering 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 by SEBI The response of the Company is enclosed.
GARUDA · price
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NSE had asked Garuda Construction and Engineering to explain why its financial results for the October-December 2024 quarter were not submitted in the format prescribed by SEBI under Regulation 33 of the Listing Obligations and Disclosure Requirements. The company has now submitted its response to the exchange. The original issue was related to the presentation format of the results, not the numbers themselves.
This is a procedural compliance matter rather than a financial or governance concern, so it is unlikely to have a meaningful impact on the stock price or shareholder value. Investors should, however, review the company's response and the revised results for any material changes.