It is informed that due to the reasons detailed in the enclosed letter, there will be delays in finalisation and Submission of the financial results (Audited for the quarter and year ended ....
Awaiting price reaction for this filing.
Longview Tea Company has informed BSE that its audited financial results for Q3 (31.12.2024) and Q4/FY (31.03.2025) are still not finalized, citing a severe management crisis. Former KMPs and directors resigned abruptly after a promoter director's reappointment was not approved, leaving only an 87-year-old director, Mr. Pradip Kumar Daga, with no access to bank records, books of accounts, company documents, or BSE/CDSL login credentials. New independent directors were appointed on 30.12.2024 and a CEO, CFO, and CS on 06.01.2025. The Q2 (30.09.2024) results were finally filed on 28.05.2025 — about 8 months late. Internal records and statutory registers are still not available as the previous management has not handed them over.
This is a serious governance red flag. Shareholders have almost no visibility into the company's financial health for three consecutive quarters, and the stock is likely to face regulatory action from BSE including possible trading restrictions. The unresolved dispute with former management over company records adds ongoing uncertainty.