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 has informed BSE that it will not be able to announce its audited financial results for the quarter and full year ended March 31, 2025 within the SEBI-mandated 60-day deadline. The delay is attributed to the company's migration of its accounting software from Tally to Zoho ERP during the year, which caused financial data to be split across two systems. As a result, statutory auditors need additional time to verify and reconcile the numbers. The company has requested permission to hold its Board Meeting to approve the results on June 30, 2025.
This is a procedural delay, not a financial one — the company says the audit is in its final stages and results are expected by end-June. It is a mild negative signal due to non-compliance with the 60-day rule, but the reason (ERP migration) is operational and should not impact the underlying business.