The Exchange has sought clarification from Madhav Marbles and Granites 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 is required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is awaited.
MADHAV · price
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 2.0 pts less than its Granites & Marbles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The National Stock Exchange has asked Madhav Marbles and Granites to clarify why its financial results for the quarter ended 31 March 2025 were not submitted in the format prescribed by SEBI under Regulation 33 of the Listing Obligations and Disclosure Requirements Regulations, 2015. The company's response to the exchange is still awaited. The query specifically points to a deviation in the format of the submitted results, not the numbers themselves. This is a procedural compliance issue raised by the exchange, and the company has a window to respond with corrected submissions.
This is a routine format-compliance query and does not indicate any financial irregularity or penalty at this stage. Shareholders should monitor for the company's response, as failure to clarify could attract further regulatory action, but currently there is no material impact expected on the stock price.