Clarification on submission of Financial Results for the quarter & year ended 31st March, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The company clarified to BSE that its board meeting approving the FY25 audited results started on 28 May 2025 at 11:15 PM and concluded on 29 May 2025 at 12:35 AM. The results were uploaded on 29 May, but the BSE portal did not allow selecting 28 May as the meeting start date, so the filing is being submitted with a clarification that the meeting spanned two days. The auditor issued an unqualified opinion (true and fair view) on the FY25 financial statements. Key audit matters relate to large inter-corporate deposits — borrowed loans of about Rs 311,620 lakhs and loans/advances of about Rs 51,828 lakhs, with Rs 285,350 lakhs of loans converted into equity shares of unlisted group companies due to borrower financial difficulties. The company operates as a Core Investment Company (CIC) under RBI regulations.
No impact on financials from the clarification itself, which is procedural. However, the auditor flagged that investments exceed Section 186 limits, there was a statutory auditor resignation during the year with an irregular appointment of a new auditor, and internal audit reports for the last two quarters were not available — items shareholders may want to monitor.