This is with reference to your mail dated June 20, 2025, please find attached reason for delay in submission of financial result.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nagpur Power & Industries Ltd has explained to BSE why it missed the May 30, 2025 deadline for submitting its audited financial results for the quarter and financial year ended March 31, 2025. The company said the Board Meeting originally scheduled for May 30 was postponed because the accounts of its subsidiary company were not finalized in time. The Board Meeting was later held on June 13, 2025, where both standalone and consolidated audited results were approved and submitted to the stock exchange. This letter, dated June 23, 2025, is the company's formal response to BSE's June 20 query seeking reasons for the delay, filed under SEBI Listing Regulations.
The results have already been approved and submitted, so there is no ongoing non-compliance. However, the delay caused by subsidiary account finalization is a minor governance flag for investors to monitor, as it hints at operational or coordination challenges within the group.