Disclosure of reason for delay in submission of audited Financial Results
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Awaiting price reaction for this filing.
Hindustan Adhesives has informed BSE/SEBI that it will not be able to submit its audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 within the 60-day deadline. The delay is attributed to a migration of the company's accounting system from Tally to Zoho ERP during the financial year, resulting in financial data being maintained across two separate software platforms. The statutory auditors require additional time to verify and reconcile the consolidated data sourced from both systems. The company has rescheduled its board meeting to July 3, 2025, to approve the results. Management has apologized for the delay and assured that it is solely for ensuring accuracy and reliability of the financial statements.
Minor negative for short-term sentiment — delayed results may create uncertainty for shareholders awaiting FY25 numbers. However, the reason cited (ERP migration) is operational rather than financial distress, and the delay is short (only a few days beyond the deadline), so impact on stock price is likely limited.