The Exchange had sought clarification from Nelcast 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 was required to clarify the following: -1. Financial results submitted is not as per format prescribed under Schedule III of the Companies Act, 2013 or as per Indian Accounting Standard The response of the Company is enclosed.
NELCAST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
NSE asked Nelcast Limited to explain why its financial results for the quarter and year ended March 31, 2025 did not follow the format prescribed under Schedule III of the Companies Act, 2013 or Indian Accounting Standards. The specific issue was that the standalone and consolidated figures were identical. Nelcast clarified that its subsidiary company has not started any operations, so the standalone and consolidated results are naturally the same. The company submitted this explanation to the exchange on June 23, 2025.
This is a routine procedural clarification with no material impact on shareholders or the stock price. Investors should note that Nelcast has a non-operational subsidiary, and there are no signs of any financial irregularity or penalty.