We attach herewith clarification letter regarding financial results submitted for quarter/Financial year ended March 31,2025
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Him Teknoforge has clarified that it will not publish consolidated financial results for FY24-25 because its subsidiary LLP, M/s Himforge Rings LLP, has not yet commenced operations. No capital contribution has been transferred by the company or other partners to the LLP, and there are no financial transactions to consolidate. The management has noted that consolidated results would simply mirror standalone results, making consolidation meaningless at this stage. The company had previously disclosed consolidated numbers for Q3 FY25 (December 31, 2024) but has reversed that approach at year-end, citing applicable accounting standards and industry precedent. Consolidated financials will be prepared from the period when the LLP starts recording transactions.
No material impact on shareholders or stock price — this is a procedural clarification explaining why consolidated results were not prepared, and standalone numbers remain unaffected. Investors should note the company has an inactive subsidiary that may become relevant once operations begin.