Clarification for delay in submission of outcome of board meeting held on 28.05.2026.
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Karnimata Cold Storage Limited has written to BSE explaining why the outcome of its board meeting held on 28th May 2026 was submitted late. The company says the board approved financial results and the auditor's report on 28th May itself, but its internal compliance systems and data servers broke down right after the meeting. Due to this IT issue and the following weekend, the team needed extra time to restore and test the systems. The finalized outcome was finally uploaded to the BSE portal on 01st June 2026, about four days late. BSE had sought a clarification on 03rd June 2026, and the company has requested BSE to condone the late submission, calling it entirely administrative and unintentional.
This is a procedural compliance clarification with no material business or financial impact. It may raise minor corporate governance concerns among investors due to the delay in disclosing board meeting results, but the company has attributed the lapse to technical/IT issues rather than any substantive problem.