The Exchange has sought clarification from Khandwala Securities Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: -1. Financial results submitted in XBRL with discrepancies. -2. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act. -3. 2013 or as per Indian Accounting Standard. The response of the Company is awaited.
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The NSE has asked Khandwala Securities Limited to explain certain issues in its financial results for the quarter ended 31 December 2025, filed under SEBI's Listing Regulations. Three concerns have been raised: the XBRL filing has data mismatches, the results were not submitted in the format prescribed under Schedule III of the Companies Act, and there appear to be issues with the accounting standard reference (likely Ind AS). The company has not yet responded to the exchange, and the clarification is awaited.
This is a routine regulatory compliance query and does not indicate any financial wrongdoing. Until the company responds and the exchange reviews, there may be mild negative sentiment, but no material impact on shareholders is expected from the clarification request itself.