The Exchange had sought clarification from Hariom Pipe Industries 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 was 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 enclosed.
HARIOMPIPE · price
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NSE asked Hariom Pipe Industries to explain why its standalone and consolidated financial results for the quarter ended March 31, 2025 showed identical figures, which did not match the expected format under Schedule III of the Companies Act, 2013. The company clarified that it incorporated a wholly-owned subsidiary, Hariom Power and Energy Private Limited, on March 19, 2025, but the subsidiary had not started any business operations as of March 31, 2025. Because there were no transactions or operations in the subsidiary during the reporting period, the standalone and consolidated results came out the same. The response was signed by Managing Director Rupesh Kumar Gupta and submitted to NSE on June 23, 2025.
This is a routine procedural clarification with no material impact on the business or shareholders. It simply explains a technical reporting observation and does not indicate any financial irregularity or regulatory penalty.