Disclosure of reason for delay in submission of audited financials results
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Hindustan Adhesives Ltd has informed BSE that it will not meet the 60-day SEBI deadline for submitting audited financial results for the quarter and year ended March 31, 2025. The company explains the delay is due to a transition of its accounting software from Tally to Zoho ERP during the financial year, which left financial data split across two systems. Statutory auditors are still verifying and reconciling the data before finalizing the results. The company is seeking permission to hold its board meeting on July 2, 2025 to approve the results.
This is a short-term compliance delay rather than a fundamental business concern. However, repeated or unexplained delays in financial reporting can shake investor confidence and may draw regulatory scrutiny from SEBI. Shareholders should watch for the actual numbers when released on or after July 2, 2025, as the quality of the ERP migration will be reflected in the accuracy of the reported financials.