The Exchange had sought clarification from Kalyani Steels 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.
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NSE sought clarification from Kalyani Steels Limited on its Q4 and FY25 financial results, noting that the submission was not in the format prescribed by SEBI under Regulation 33 of the LODR Regulations. The company responded that it has only one subsidiary, DGM Realties Private Limited, which became a subsidiary only on March 29, 2024. Because of this, comparative figures for the corresponding quarter ended March 31, 2024 are not applicable. The company has requested NSE to take the submission on record and treat the query as resolved.
This is a routine procedural clarification with no financial or governance penalty indicated. Shareholders are unlikely to see any material impact on the stock, though investors should watch for NSE's confirmation that the query has been satisfactorily resolved.