The Exchange had sought clarification from Laxmi Cotspin 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 in XBRL with discrepancies -2. The company has not submitted declaration in case of unmodified opinion(s) The response of the Company is enclosed.
LAXMICOT · price
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Awaiting price reaction for this filing.
Laxmi Cotspin responded to NSE's clarification request regarding its Q4 FY25 (quarter/year ended 31-Mar-2025) financial results filed under Regulation 33 of SEBI LODR. The exchange had flagged two issues: (1) discrepancy between XBRL and PDF figures for PBT and PAT, and (2) non-submission of declaration for unmodified auditor opinion. The company explained that the XBRL vs PDF mismatch arose because a profit of Rs. 526.70 lakhs on sale of land/assets was classified as an 'Extraordinary Item' in the PDF but got auto-categorised as an 'Exceptional Item' (a pre-tax field) in the XBRL filing. For the second point, the company confirmed that auditor DMKH & Co. issued an unmodified opinion and has now submitted the required declaration along with the audited standalone and consolidated financial results.
This is a procedural compliance filing — the company has addressed both NSE queries and submitted the required declaration, removing any immediate compliance overhang. The underlying financials show revenue of Rs. 15,041.56 lakhs and a sharp jump in net profit to Rs. 746.93 lakhs (FY25) from Rs. 48.14 lakhs (FY24), largely boosted by the one-time Rs. 526.70 lakhs gain on land sale to its wholly-owned subsidiary. No material impact on share price expected from the clarification itself.