The Exchange had sought clarification from K.M.Sugar Mills 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 submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
KMSUGAR · price
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NSE asked K.M. Sugar Mills to clarify why its standalone and consolidated financial results for the quarter and year ended March 31, 2025 appeared identical and were not in the SEBI-prescribed format. The company explained that its wholly-owned subsidiary, K M Spirits and Allied Industries Limited (in which it holds 100% of Rs. 5 Lakhs share capital), has no manufacturing or trading activity and generated negligible revenue of Rs. 0.08 Lakhs and comprehensive income of Rs. 0.05 Lakhs. Due to rounding off in lakhs, both sets of results look the same. The company also clarified that the subsidiary's segment assets of Rs. 5 Lakhs were reclassified under 'other' segment, with a corresponding reduction in the distillery segment, keeping total segment assets unchanged. The company has requested NSE to drop the query.
This is a routine procedural clarification with no financial or governance impact on shareholders. The negligible subsidiary activity explains the identical numbers, and the issue is limited to presentation format rather than any actual discrepancy.