The Exchange had sought clarification from India Pesticides Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results not signed by authorized signatory/ies The response of the Company is enclosed.
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NSE had asked India Pesticides to explain why the financial results for the quarter and year ended 31 March 2025 were not signed by an authorized signatory. The company responded that the results were signed by Dr. Kuruba Adeppa, Whole-Time Director, who was duly authorized to sign by a board resolution passed on 26 May 2025. The company attached the board resolution as evidence. This was a procedural clarification, not a regulatory action.
This is a routine compliance clarification with no material impact on the business or shareholders. The company has addressed the exchange's query by providing documentary proof of authorization, so it is unlikely to affect the stock price.