Please find enclosed herewith reason for Non-Compliance or delay in submission of Financial Results for quarter and year ended on 31st March, 2025.
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Harish Textile Engineers Limited has responded to a BSE query regarding its failure to submit audited financial results for the quarter and year ended March 31, 2025, within the timeline required under SEBI's Listing Regulations. The company attributed the delay to the ongoing statutory audit for FY2024-25, which has not yet been concluded. As a result, the board meeting originally scheduled for June 16, 2025 to approve these results has been withdrawn, and a revised date will be communicated to the exchange later. The company has committed to submitting the results in PDF and XBRL formats once the audit is completed and the board approves them, and has pledged to strengthen internal procedures to prevent future delays.
This is a negative governance signal for shareholders. Delayed financial reporting reduces transparency and may erode investor confidence, while non-compliance with SEBI listing norms could attract penalties or regulatory scrutiny. The stock may face short-term pressure until the audited numbers are released.