Disclosure of reason for delay in submission of audited financial results for the quarter and financial year ended on March 31, 2025.
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Hindustan Adhesives Ltd has informed BSE that it will be late in submitting its audited financial results for the quarter and financial year ended March 31, 2025. The Board meeting to approve the results has been delayed because the company shifted its accounting system from Tally to Zoho ERP during the year, leaving financial data split across two systems. Statutory auditors now need extra time to verify and reconcile the data before finalizing the audit. The company says the financial statements have been compiled but the audit is still in progress.
This is a routine compliance disclosure explaining the delay, so it's not a negative business signal on its own. However, investors should note that the annual results are pending and the ERP migration could affect near-term reporting timelines and data quality.