This is to inform that, the Board Meeting held on Tuesday, January 20th, 2026 stands adjourned as the financial results were not approved by the Audit Committee and the meeting of Audit ....
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Machhar Industries' Board Meeting on January 20, 2026 was adjourned because the Audit Committee did not approve the financial results. The delay is due to an ongoing assessment of the financial impact of employee benefits (both during employment and post-employment) under the new Labour Codes. The company has engaged an external agency to evaluate this and is awaiting their final report. The Audit Committee and Board meetings have been rescheduled to January 22, 2026, when they will consider and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. Shareholders will therefore receive the Q3 FY26 numbers about two days later than originally expected.
This is a procedural delay rather than a sign of distress, but the fact that the Audit Committee held back approval and that a new Labour Codes impact assessment is underway could mean a one-time hit to employee benefit liabilities in the upcoming results. Investors should watch the January 22 outcome for any material quantum disclosed.