This is to inform that the bord meeting held on Tursday January 20th 2026 stands adjourned as the financial quarterly standalone and consolidated results were not approved by the audit ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Machhar Industries has adjourned its board meeting originally held on January 20, 2026 because the Audit Committee did not approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The Committee is waiting for an external agency to finish evaluating the financial impact of employee benefits (both during and after employment) under the new Labour Codes. The board meeting has been rescheduled to January 22, 2026 at 2:00 PM at the registered office in Aurangabad, where it will reconsider and hopefully approve the Q3 results. The results themselves have not been disclosed yet, and the delay is procedural pending the external assessment.
Short-term negative signal as the quarterly results are delayed, but the reason is a regulatory compliance exercise (new Labour Codes) rather than a business performance issue. Shareholders should watch for the revised filing on January 22; any material impact from the employment benefits re-assessment could affect reported earnings for the quarter.